Saudi Aramco Company News

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Bahrain Seeks US Partners for Offshore Shale Discovery
Friday, April 05, 2019 The kingdom, whose capital Manama appears above, is pursuing another oil and gas industry first.

Aramco Reveals Steep Output Dip at Super-Giant Oil Field
Wednesday, April 03, 2019 Now the market finally knows: Ghawar in Saudi Arabia, the world's largest conventional oil field, can produce a lot less than almost anyone believed.

Will Aramco's $10B Bond Open Pandora's Box?
Wednesday, April 03, 2019 Entering the international financial markets will have a direct effect on how the Kingdom's overall revenue-generating capacity is assessed.

Aramco Pumping Oil at Fraction of Rivals' Costs
Monday, April 01, 2019 The government-owned producer is extracting crude for less than half the costs of its nearest rival.

Aramco Grabs Sabic Stake for $69B
Wednesday, March 27, 2019 The purchase subtly shifts Aramco's center of gravity away from its core business of pumping oil into petrochemicals.

Gas Push Marks Strategy Shift for Aramco
Tuesday, February 26, 2019 Saudi Aramco is eyeing gas projects in Russia, Australia, the US and Africa.

$44B India Refinery Project At Risk
Tuesday, February 19, 2019 The completion of the refinery hinges on the outcome of an upcoming election.

KBR Wins Saudi Arabia Debottlenecking Contract
Monday, February 04, 2019 Saudi Aramco-Total JV awards contract to debottleneck Train 2 of its refinery in Jubail, Saudi Arabia.

Aramco's $1.6B Hyundai Oilbank Deal Deepens Asian Refining Ties
Monday, January 28, 2019 Saudi Arabian Oil Co. is taking a nearly 20% stake in South Korean oil refiner Hyundai Oilbank Co. for $1.6 billion.

Saudi Arabia in Talks to Build Refinery in South Africa
Friday, January 18, 2019 Saudi Arabia is in talks to build an oil refinery in South Africa as part of a pledge.

Saudi Aramco and Total JV to Hire SMBC to Advise on Funding
Thursday, January 17, 2019 Satorp, the joint venture between Saudi Aramco and Total, hired Sumitomo Mitsui Banking Corp. and Riyad Bank to help raise funds.

Saudi Arabia Boosts Reserves Ahead of Aramco's IPO
Wednesday, January 09, 2019 Saudi Arabia published the first audit of its vast oil reserves since it nationalized its energy industry about 40 years ago.

Baker Hughes Inks Service Contract with Saudi Aramco
Wednesday, December 05, 2018 Baker Hughes inks a three-year well services contract with Saudi Aramco.

Offshore Saudi Contract Goes to Boskalis and Lamprell
Wednesday, November 28, 2018 Saudi Aramco has awarded a Long Term Agreement for Offshore Facilities program contract to a consortium.

Saudi Aramco to Invest $100B in Chemicals
Monday, November 26, 2018 The world's biggest oil exporter is earmarking $500 billion to invest over the next 10 years.

Red Sea Project to Create 30,000 Jobs
Thursday, November 01, 2018 Saudi Aramco and SABIC will develop an integrated industrial complex to convert crude oil to chemicals at Yanbu.

Why Majors Will Take a Bigger Role in US Shale
Monday, October 29, 2018 As plays mature, expect major oil companies to play a growing and critical role in its future development.

Aramco Signals Chemical Ambitions Beyond Sabic Deal
Wednesday, October 24, 2018 Saudi Aramco's CEO says he has bigger ambitions in petrochemicals beyond the planned $70 billion acquisition of a strategic stake in Sabic.

Aramco Is Not Alone as Saudi Arabia's Privatization Push Slows
Thursday, September 20, 2018 Aramco may have grabbed the biggest headlines, but the oil giant's delayed initial public offering is just the latest sign of Saudi Arabia's slowing privatization push.

Saudi Aramco In Early Talks On Jumbo Debt Deal
Wednesday, September 05, 2018 Saudi Aramco is having preliminary talks with banks about a potential debt financing of up to $70B.

Sources: Aramco Plans To Ship First Crude Oil To Malaysia JV Refinery
Tuesday, September 04, 2018 Saudi Aramco plans to deliver the first crude oil cargo to its joint-refinery project with Petronas in Malaysia in October.

Saudi Aramco Shelves IPO for Sabic Stake
Thursday, August 23, 2018 Saudi Arabia has formally put the initial public offering of its giant oil company on hold while Aramco focuses on buying a strategic stake in Sabic.

Britain's 'Aramco' Listing Category Attracts Interest From A Single Firm
Friday, August 17, 2018 Britain's markets watchdog has so far been contacted by only one company interested in taking advantage of a rule it introduced to attract state-owned firms to London.

Energy Minister: Saudi Aramco Committed To Meeting Future Oil Demand
Friday, August 17, 2018 Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom's Energy Minister Khalid Al Falih says.

Sources: Saudi Aramco, Malaysia's Petronas Tap Banks for Jumbo Financing
Tuesday, August 07, 2018 Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.

Saudi Aramco Taps Saipem for Pipeline System Contract
Wednesday, July 25, 2018 Saipem has won onshore contracts in Asia, Europe, North America and Africa totaling approximately $800 million.

Yemen's Houthis Say They Attacked ARAMCO Refinery In Riyadh With Drone
Wednesday, July 18, 2018 The Iranian-aligned Houthi movement in Yemen said it had attacked a Saudi Aramco refinery in Riyadh.

Preparations for Listing Aramco Stalled - WSJ
Thursday, July 05, 2018 Public listing preparations of Saudi Aramco have stalled, the Wall Street Journal reported.

Saudi Aramco Signs Deal To Make Onshore Oil Rigs, Equipment
Thursday, June 28, 2018 audi Aramco signed a deal with National Oilwell Varco Inc. (NOV) to form a joint venture.

Saudi Oil Minister Says Aramco IPO Is 'Most Likely' in 2019
Friday, May 25, 2018 The initial public offering of Saudi Aramco will 'most likely' happen in 2019, the kingdom's oil minister says.

Land Acquisition Woes Thwart India's Mega Refinery Plan With Saudi Aramco
Thursday, May 17, 2018 Land acquisition has always been a contentious issue in rural India.

An Upstream Comeback with Less Splash but More Cash?
Friday, May 11, 2018 Capital spending with free cash flow, rather than debt, is a hallmark of the 'new normal.'

Poland's Refiner PKN To Buy More Oil From Saudi Aramco
Friday, April 27, 2018 PKN Orlen says it will increase its monthly oil purchases from Saudi Aramco.

Saudi Aramco to Lift Oil-Trading Volume to 6 Million Barrels/Day
Monday, April 23, 2018 The jump in trading volume would put Saudi Aramco in the top tier of companies that buy and sell crude and refined products.

Oil Major Total and Aramco Sign $5B Deal to Build Jubail Petrochem Complex
Tuesday, April 10, 2018 French oil and gas major Total signed a $5 billion deal with Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery.

India Prepared to Give Saudi Aramco 50 pct Stake in Planned Mega Refinery
Tuesday, April 10, 2018 India is set to grant Saudi Aramco a 50 percent stake in a planned 1.2 million barrels per day west coast refinery - a move that would give the kingdom a new stable outlet for its oil.

Aramco Takes Step to Integrating Petrochems into US' Biggest Refinery
Monday, April 09, 2018 Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery.

As Prince Visits, Saudi Aramco to Sign $10 bln of Deals in France
Monday, April 09, 2018 Saudi Aramco will sign eight deals worth $10 billion with French firms, the chief executive of the state-run oil giant said.

Saudi Aramco, Total to Sign Refinery Expansion Deal Next Week - Sources
Thursday, April 05, 2018 State oil giant Saudi Aramco and French oil major Total plan to sign an agreement next week for the expansion of their joint venture refinery in Saudi Arabia, sources familiar with the matter told Reuters.

Saudi Aramco Finalizes Refinery Deal With Malaysia's Petronas
Wednesday, March 28, 2018 Saudi Aramco finalizes a deal with Malaysian state energy company Petronas.

Aramco Said to Get Cool Response on IPO From US Investors
Friday, March 16, 2018 Even with a market value of $1 trillion Saudi Aramco would comfortably be the planet's most valuable company.

The Next Entrant in the Shale Revolution? OPEC's Saudi Arabia
Wednesday, March 07, 2018 Saudi Aramco, the world's largest oil exporter, plans to start producing unconventional natural gas this month.

Saudi Aramco CEO: Global Oil Sector Needs $20T Investments Over 25 Years
Tuesday, March 06, 2018 The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth.

Russia Says It May Invest in Aramco IPO Via Fund With China
Wednesday, February 14, 2018 Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco's initial public offering.

Permian Seen Second to Saudis for Spare Oil-Output Capacity
Monday, February 05, 2018 The Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri.

CB&I, Chevron Lummus Global, Saudi Aramco Launch 'Crude-to-Chemical' JV
Thursday, January 18, 2018 Three-way agreement is 'technological first,' says Saudi Aramco president.

Tellurian Set to Boost Louisiana Gas Holdings Tenfold
Tuesday, January 16, 2018 Tellurian plans to start building its Driftwood LNG export terminal in Louisiana next year.

Saudis Seen Counting on 80% Surge in Oil Income to Balance Books
Wednesday, December 27, 2017 Saudi Arabia's plan to erase its budget deficit by 2023 relies on a scenario that would see oil revenue surge by about 80%, according to people with knowledge of the matter.

Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr
Tuesday, November 14, 2017 Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt.

RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project
Monday, November 13, 2017 Russia and Saudi Arabia have agreed to study the possibility of Saudi Aramco taking part in Novatek's Arctic LNG 2 project.