Saudi Aramco Company News

Recent Articles

Results 50 articles shown

Saudi Prince Wants to Be Known As Oil Price 'Volatility Buster'
Saudi Energy Minister Prince Abdulaziz bin Salman is the most important single person in the oil market today.
8:00 PM EST | July 21, 2021
Saudi Aramco Confirms $50MM Cyber Ransom Demand
Saudi Aramco confirmed that some company files were leaked after hackers reportedly demanded a $50 million ransom.
8:00 PM EST | July 20, 2021
Halted Texas Plastics Project May Resume
Engineering and excavation work had already been done before the project was halted nearly two years ago.
8:00 PM EST | July 19, 2021
Saudi Aramco Extends Contract for Drilling Rig
Saudi Aramco has extended its contract for a standard-duty jack-up rig.
8:00 PM EST | July 07, 2021
Refiners to Pay More for Saudi Crude
Saudi Arabia raised oil prices for buyers from Asia to the USA.
8:00 PM EST | July 05, 2021
Saudi Drilling JV Extends Lease for Valaris Rig
The award keeps the rig under contract through the end this year.
8:00 PM EST | June 29, 2021
NOCs to Fill Void as Majors Retreat from Oil and Gas
National oil companies are largely shielded from shareholder pressures.
8:00 PM EST | June 08, 2021
Baker Hughes Completes Drilling Tech Project for Aramco
Baker Hughes reported that it has deployed its remote operations digital technology across Saudi Aramco's entire drilling fleet.
8:00 PM EST | June 01, 2021
Will Aramco Sell Stakes in Upstream Assets?
Saudi Aramco reportedly is conducting a strategic review of its upstream business.
8:00 PM EST | April 21, 2021
Oil and Gas Hub Could Usher In Energy Transition
Check out some of the most-viewed downstream-related articles on Rigzone from the past week.
8:00 PM EST | April 17, 2021
Hydrogen Build-out Creates Growing List of Energy Have-nots
Not all countries have the luxury of including hydrogen in their energy development plans.
8:00 PM EST | April 04, 2021
PetroChina Claims World's Top Spot for Capex
China's fear of dependence on foreign suppliers means its biggest oil company plans to be the world's top-spending driller this year.
8:00 PM EST | March 25, 2021
Frigid Conditions Shut Texas Refineries
The largest oil refineries in North America are shutting down because of Arctic conditions that have disrupted power, water and fuel supplies across Texas.
7:00 PM EST | February 14, 2021
NOC Spending Plans Clash with Paris Accord Targets
A US-based think-tank contends that billions in NOC projects will only be profitable if emissions targets are missed.
7:00 PM EST | February 08, 2021
Motiva Plans Uber-like Digital Ordering for Wholesalers
The Port Arthur Manufacturing Complex is North America's largest refinery. PHOTO SOURCE: Motiva
7:00 PM EST | January 21, 2021
Investors Eye Aramco Oil Pipeline Bids
The stake sale could fetch Aramco around $10 billion, according to unnamed sources familiar with the matter.
7:00 PM EST | January 19, 2021
Saudis Curb Crude Supplies to Some Buyers
Supply cuts reportedly were focused on heavier grades such as Arab Medium and Arab Heavy.
7:00 PM EST | January 12, 2021
Saudi Aramco Eyes Debt Market to Support $75B Dividend Payout
Saudi Aramco is set to return to the bond markets for the first time since April of last year as it seeks to fund a $75 billion dividend commitment.
7:00 PM EST | November 15, 2020
Saudi Aramco Eyes Gas Sales to China
Saudi Aramco wants to sell natural gas to China, CEO Amin Nasser said.
7:00 PM EST | November 10, 2020
Saudi Aramco Cuts Arab Light Pricing
Saudi Arabia cut most oil pricing for its customers in Asia and the US.
7:00 PM EST | November 04, 2020
Saudi Arabia Sets Gas Production Record
Saudi Arabia consumes all the gas it produces, much of it to generate electricity.
7:00 PM EST | November 02, 2020
Saudi Aramco Trims Cost of Yanbu Project
Aramco and its subsidiary Saudi Basic Industries Corp. intend to incorporate existing facilities into the Yanbu project instead of building an entirely new one.
8:00 PM EST | October 18, 2020
Saudi Arabia Signals Strength in Asia Oil Price Move
Saudi Arabia raised pricing slightly for its flagship crude oil shipped to Asia.
8:00 PM EST | October 05, 2020
$75B Dividend Squeeze Intensifies for Saudi Aramco
Saudi Aramco is trying to pay a $75 billion dividend this year, almost all of it to the state.
8:00 PM EST | September 08, 2020
Saudi Aramco Makes Two Discoveries
Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom's official news agency reported.
8:00 PM EST | August 30, 2020
$500MM Aramco Venture Capital Arm Gets New CEO
Saudi Aramco appointed a new chief executive officer to run its $500 million venture capital and investments arm after the previous head departed
8:00 PM EST | August 26, 2020
Schlumberger Alum Joins McDermott Board
Andrew F. Gould has joined McDermott International's board of directors, effective Aug. 27, 2020.
8:00 PM EST | August 26, 2020
New Breed of Refineries Emerging in Asia
As the age of the hydrocarbon enters its final era, the action increasingly moves to Asia and plastics take center stage.
8:00 PM EST | August 25, 2020
$10B China Refinery Venture Loses Partner
Saudi Aramco declined to comment on reports that it has suspended a deal to build a refining and petrochemical complex in China.
8:00 PM EST | August 20, 2020
Siemens Wins Saudi Aramco Compressor Order
Samsung Engineering has awarded Siemens Energy an order tied to a Saudi Aramco gas storage project. PHOTO SOURCE: Siemens
8:00 PM EST | August 05, 2020
Saudi Crude Exports Appear to Be Down 8 Percent
Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.
8:00 PM EST | June 29, 2020
Saudi Aramco Suspends Ops for High Island IV Rig
The original contract start date was February 2020 and was set to run through February 2030.
8:00 PM EST | June 15, 2020
Saudi Aramco Mulls Pipeline Stake Sale to Raise Cash
Aramco may need to raise cash this year as it confronts a historic rout in oil prices and a growing list of spending obligations.
8:00 PM EST | March 29, 2020
Saudi Rig Revamp Wraps Up
IMI reported that it has completed maintenance, repair and overhaul work for an ARO Drilling jack-up rig.
8:00 PM EST | March 25, 2020
Saipem Eyes JV with Saudi Construction Firm
Saipem has signed an MOU with Abdel Hadi Abdullah Al Qahtani & Sons Co. (AHQ).
7:00 PM EST | February 25, 2020
McDermott Starts Construction at Aramco Maritime Complex
Dignitaries pose for a photo before breaking ground on McDermott's new fabrication facility in Ras Al-Khair, Saudi Arabia. PHOTO SOURCE: PRNewsfoto/McDermott International, Inc.
7:00 PM EST | February 25, 2020
$500MM+ in Offshore Contracts Go to Saipem
This photo shows the Saipem 7000 crane and pipelay vessel. PHOTO SOURCE: Saipem
7:00 PM EST | February 06, 2020
Valaris and Aramco Order Newbuild Jackups
A Valaris-Saudi Aramco joint venture has ordered two newbuild jackup rigs from International Maritime Industries.
7:00 PM EST | January 20, 2020
Verdict on Aramco, Sabic Crude-to-Chemicals Plan Expected in 2Q
Saudi Basic Industries Corp. and Saudi Aramco expect to announce in the second quarter whether they'll proceed with plans to build a facility to process crude oil directly into chemicals.
7:00 PM EST | January 15, 2020
Is Chevron's $11B Write-Down an Oilpatch Warning?
Current market conditions are resulting in many US fracking projects failing to break even.
7:00 PM EST | January 13, 2020
Port Arthur LNG Progresses with Aramco Deal
Aramco Services Co. has signed an IPPA with Sempra LNG for the Port Arthur LNG project in Jefferson County, Texas.
7:00 PM EST | January 06, 2020
Aramco Loses a Third of Initial IPO Rally
Aramco's shares have reversed more than a third of their initial rally.
7:00 PM EST | December 18, 2019
Aramco Delays Payment on Sabic Deal by Four Years
Aramco's intention-to-float announcement means around three years of work on the company's IPO, which could be the largest ever, may be drawing to a close.
7:00 PM EST | November 03, 2019
Saudi Cracker Contract Goes to McDermott
The Amiral plant reportedly will be one of the world's largest mixed-feed crackers.
8:00 PM EST | October 21, 2019
Aramco's IPO Comes in Midst of Rough Times for Saudi Markets
Anyone buying into Saudi Aramco's initial public offering in anticipation of a quick rebound in the country's stock market may be in for a disappointment.
8:00 PM EST | October 16, 2019
Saudi Aramco to Delay IPO Launch
Saudi Aramco has postponed the launch of the world's largest IPO, a move that may put the oil giant's planned November listing in jeopardy.
8:00 PM EST | October 16, 2019
Aramco May Pay $450MM in Fees to IPO Advisers
Advisers working on Saudi Aramco's mammoth share sale may split a fee pool of as much as $450 million, making it one of the biggest IPO pay outs globally.
8:00 PM EST | October 14, 2019
Aramco to Give Green Light for World's Biggest IPO Soon
Saudi Aramco's board is expected to give final approvals to proceed with its mammoth share sale next week.
8:00 PM EST | October 09, 2019
Oil Hub of Fujairah Thriving Amid Rising Geopolitical Risk
Fujairah has seen incremental investment as a port that bypasses the Strait of Hormuz which Iran has threatened to block. (Photo: Gaurav Sharma)
8:00 PM EST | October 06, 2019
Aramco Fully Restores Crude Output
Saudi Aramco is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst ever attacks of its energy infrastructure.
8:00 PM EST | September 29, 2019