Saudi Aramco Company News

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Saudi Prince Wants to Be Known As Oil Price 'Volatility Buster'
Thursday, July 22, 2021Saudi Energy Minister Prince Abdulaziz bin Salman is the most important single person in the oil market today.

Saudi Aramco Confirms $50MM Cyber Ransom Demand
Wednesday, July 21, 2021Saudi Aramco confirmed that some company files were leaked after hackers reportedly demanded a $50 million ransom.

Halted Texas Plastics Project May Resume
Tuesday, July 20, 2021Engineering and excavation work had already been done before the project was halted nearly two years ago.

Saudi Aramco Extends Contract for Drilling Rig
Thursday, July 08, 2021Saudi Aramco has extended its contract for a standard-duty jack-up rig.

Refiners to Pay More for Saudi Crude
Tuesday, July 06, 2021Saudi Arabia raised oil prices for buyers from Asia to the USA.

Saudi Drilling JV Extends Lease for Valaris Rig
Wednesday, June 30, 2021The award keeps the rig under contract through the end this year.

NOCs to Fill Void as Majors Retreat from Oil and Gas
Wednesday, June 09, 2021National oil companies are largely shielded from shareholder pressures.

Baker Hughes Completes Drilling Tech Project for Aramco
Wednesday, June 02, 2021Baker Hughes reported that it has deployed its remote operations digital technology across Saudi Aramco's entire drilling fleet.

Will Aramco Sell Stakes in Upstream Assets?
Thursday, April 22, 2021Saudi Aramco reportedly is conducting a strategic review of its upstream business.

Oil and Gas Hub Could Usher In Energy Transition
Sunday, April 18, 2021Check out some of the most-viewed downstream-related articles on Rigzone from the past week.

Hydrogen Build-out Creates Growing List of Energy Have-nots
Monday, April 05, 2021Not all countries have the luxury of including hydrogen in their energy development plans.

PetroChina Claims World's Top Spot for Capex
Friday, March 26, 2021China's fear of dependence on foreign suppliers means its biggest oil company plans to be the world's top-spending driller this year.

Frigid Conditions Shut Texas Refineries
Monday, February 15, 2021The largest oil refineries in North America are shutting down because of Arctic conditions that have disrupted power, water and fuel supplies across Texas.

NOC Spending Plans Clash with Paris Accord Targets
Tuesday, February 09, 2021A US-based think-tank contends that billions in NOC projects will only be profitable if emissions targets are missed.

Motiva Plans Uber-like Digital Ordering for Wholesalers
Friday, January 22, 2021The Port Arthur Manufacturing Complex is North America's largest refinery. PHOTO SOURCE: Motiva

Investors Eye Aramco Oil Pipeline Bids
Wednesday, January 20, 2021The stake sale could fetch Aramco around $10 billion, according to unnamed sources familiar with the matter.

Saudis Curb Crude Supplies to Some Buyers
Wednesday, January 13, 2021Supply cuts reportedly were focused on heavier grades such as Arab Medium and Arab Heavy.

Saudi Aramco Eyes Debt Market to Support $75B Dividend Payout
Monday, November 16, 2020Saudi 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.

Saudi Aramco Eyes Gas Sales to China
Wednesday, November 11, 2020Saudi Aramco wants to sell natural gas to China, CEO Amin Nasser said.

Saudi Aramco Cuts Arab Light Pricing
Thursday, November 05, 2020Saudi Arabia cut most oil pricing for its customers in Asia and the US.

Saudi Arabia Sets Gas Production Record
Tuesday, November 03, 2020Saudi Arabia consumes all the gas it produces, much of it to generate electricity.

Saudi Aramco Trims Cost of Yanbu Project
Monday, October 19, 2020Aramco and its subsidiary Saudi Basic Industries Corp. intend to incorporate existing facilities into the Yanbu project instead of building an entirely new one.

Saudi Arabia Signals Strength in Asia Oil Price Move
Tuesday, October 06, 2020Saudi Arabia raised pricing slightly for its flagship crude oil shipped to Asia.

$75B Dividend Squeeze Intensifies for Saudi Aramco
Wednesday, September 09, 2020Saudi Aramco is trying to pay a $75 billion dividend this year, almost all of it to the state.

Saudi Aramco Makes Two Discoveries
Monday, August 31, 2020Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom's official news agency reported.

$500MM Aramco Venture Capital Arm Gets New CEO
Thursday, August 27, 2020Saudi Aramco appointed a new chief executive officer to run its $500 million venture capital and investments arm after the previous head departed

Schlumberger Alum Joins McDermott Board
Thursday, August 27, 2020Andrew F. Gould has joined McDermott International's board of directors, effective Aug. 27, 2020.

New Breed of Refineries Emerging in Asia
Wednesday, August 26, 2020As the age of the hydrocarbon enters its final era, the action increasingly moves to Asia and plastics take center stage.

$10B China Refinery Venture Loses Partner
Friday, August 21, 2020Saudi Aramco declined to comment on reports that it has suspended a deal to build a refining and petrochemical complex in China.

Siemens Wins Saudi Aramco Compressor Order
Thursday, August 06, 2020Samsung Engineering has awarded Siemens Energy an order tied to a Saudi Aramco gas storage project. PHOTO SOURCE: Siemens

Saudi Crude Exports Appear to Be Down 8 Percent
Tuesday, June 30, 2020Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.

Saudi Aramco Suspends Ops for High Island IV Rig
Tuesday, June 16, 2020The original contract start date was February 2020 and was set to run through February 2030.

Saudi Aramco Mulls Pipeline Stake Sale to Raise Cash
Monday, March 30, 2020Aramco may need to raise cash this year as it confronts a historic rout in oil prices and a growing list of spending obligations.

Saudi Rig Revamp Wraps Up
Thursday, March 26, 2020IMI reported that it has completed maintenance, repair and overhaul work for an ARO Drilling jack-up rig.

Saipem Eyes JV with Saudi Construction Firm
Wednesday, February 26, 2020Saipem has signed an MOU with Abdel Hadi Abdullah Al Qahtani & Sons Co. (AHQ).

McDermott Starts Construction at Aramco Maritime Complex
Wednesday, February 26, 2020Dignitaries 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.

$500MM+ in Offshore Contracts Go to Saipem
Friday, February 07, 2020This photo shows the Saipem 7000 crane and pipelay vessel. PHOTO SOURCE: Saipem

Valaris and Aramco Order Newbuild Jackups
Tuesday, January 21, 2020A Valaris-Saudi Aramco joint venture has ordered two newbuild jackup rigs from International Maritime Industries.

Verdict on Aramco, Sabic Crude-to-Chemicals Plan Expected in 2Q
Thursday, January 16, 2020Saudi 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.

Is Chevron's $11B Write-Down an Oilpatch Warning?
Tuesday, January 14, 2020Current market conditions are resulting in many US fracking projects failing to break even.

Port Arthur LNG Progresses with Aramco Deal
Tuesday, January 07, 2020Aramco Services Co. has signed an IPPA with Sempra LNG for the Port Arthur LNG project in Jefferson County, Texas.

Aramco Loses a Third of Initial IPO Rally
Thursday, December 19, 2019Aramco's shares have reversed more than a third of their initial rally.

Aramco Delays Payment on Sabic Deal by Four Years
Monday, November 04, 2019Aramco'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.

Saudi Cracker Contract Goes to McDermott
Tuesday, October 22, 2019The Amiral plant reportedly will be one of the world's largest mixed-feed crackers.

Aramco's IPO Comes in Midst of Rough Times for Saudi Markets
Thursday, October 17, 2019Anyone 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.

Saudi Aramco to Delay IPO Launch
Thursday, October 17, 2019Saudi 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.

Aramco May Pay $450MM in Fees to IPO Advisers
Tuesday, October 15, 2019Advisers 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.

Aramco to Give Green Light for World's Biggest IPO Soon
Thursday, October 10, 2019Saudi Aramco's board is expected to give final approvals to proceed with its mammoth share sale next week.

Oil Hub of Fujairah Thriving Amid Rising Geopolitical Risk
Monday, October 07, 2019Fujairah has seen incremental investment as a port that bypasses the Strait of Hormuz which Iran has threatened to block. (Photo: Gaurav Sharma)

Aramco Fully Restores Crude Output
Monday, September 30, 2019Saudi 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.