Saudi Aramco Company News
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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.
Shell Divests Stake in Saudi Refinery
Wednesday, September 18, 2019Saudi Aramco has acquired Shell's 50-percent interest in the SASREF refinery in Jubail Industrial City, Saudi Arabia.
Saudi Arabia Partially Restores Output
Tuesday, September 17, 2019Saudi Arabia's Abqaiq plant has restarted and is now processing about 2 million barrels a day, restoring just under half the output lost after the facility was damaged in an attack.
Aramco Forges Ahead With IPO Work After Attacks
Monday, September 16, 2019Despite recent facilities attacks, it's business as usual for the bankers hired to sell a piece of Saudi Aramco.
The Top 10 Ideal NOC Employers
Thursday, August 29, 2019Presenting the highest-scoring NOCs in Rigzone's 2019 Ideal Employer Survey!
Saudi Aramco Awards 28-Jacket Project
Friday, August 23, 2019A consortium of Larsen & Toubro and Subsea 7 subsidiaries has won an EPCI contract from Saudi Aramco.
Top 10 Ideal Downstream Employers for 2019
Thursday, August 22, 2019Here is a breakdown of the 10 highest-scoring downstream employers in Rigzone's 2019 Ideal Employer Survey.
Survey Reveals Top 10 Ideal Upstream Employers for 2019
Wednesday, August 14, 2019More than 11,000 survey participants selected their favorite upstream employers.
Saudi Aramco's First Results Call Yields No Surprises
Monday, August 12, 2019Saudi Aramco's senior executives can breathe a collective sigh of relief after the company's first-ever earnings call with investors.
Saudis to Limit Oil Exports in September
Friday, August 09, 2019Saudi Arabia plans to keep oil exports below 7MMbpd next month as OPEC's biggest producer allocates less crude than customers demand in a bid to stabilize the market.
Aramco Awards $18B in Deals for Oilfield Work
Thursday, August 08, 2019Of the 34 contracts awarded, half went to local contractors, which will create thousands of direct and indirect job opportunities.
Aramco Cuts Oil Pricing for Sept. Sales to Asia
Monday, August 05, 2019Saudi Arabia, the world's biggest oil exporter, lowered pricing for September sales of all crudes to Asia while raising prices to buyers in northwest Europe and the Mediterranean region.
Saudi Aramco Awards Offshore Contract
Thursday, August 01, 2019McDermott will provide a PDM in the Hasbah gas field.
Aramco to Finish Oil Pipeline Expansion
Wednesday, July 24, 2019Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September.
Reliance, Aramco to Stall Talks on Refinery Stake Sale
Tuesday, July 23, 2019Indian billionaire Mukesh Ambani's Reliance Industries Ltd.'s talks to sell a minority stake in its refinery business to Saudi Arabian Oil Co. have stalled on differences over the deal's structure.
Offshore Saudi Mega-Contracts Go to McDermott
Wednesday, July 10, 2019Saudi Aramco has awarded McDermott two Marjan contract packages.
The Plastics Backlash has Some Oil Giants Worried
Thursday, July 04, 2019Recycling and bio-plastics are set to impact the future of global oil and gas demand.
Aramco Plans $6B Expansion at Korean Refinery
Wednesday, June 26, 2019Saudi Aramco is planning a $6 billion expansion at its South Korean refining unit as the state-owned producer signs deals to ensure long-term demand for its crude in Asia.
Saudi Aramco Awards Offshore Contract
Monday, June 24, 2019The work will take place in the Marjan and Zuluf fields.
Bahrain Seeks US Partners for Offshore Shale Discovery
Friday, April 05, 2019The 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, 2019Now 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, 2019Entering 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, 2019The 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, 2019The 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, 2019Saudi Aramco is eyeing gas projects in Russia, Australia, the US and Africa.
$44B India Refinery Project At Risk
Tuesday, February 19, 2019The completion of the refinery hinges on the outcome of an upcoming election.
KBR Wins Saudi Arabia Debottlenecking Contract
Monday, February 04, 2019Saudi 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, 2019Saudi 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, 2019Saudi 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, 2019Satorp, 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, 2019Saudi 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, 2018Baker Hughes inks a three-year well services contract with Saudi Aramco.
Offshore Saudi Contract Goes to Boskalis and Lamprell
Wednesday, November 28, 2018Saudi Aramco has awarded a Long Term Agreement for Offshore Facilities program contract to a consortium.