Aramco has selected McDermott as one of 11 contractors under a long-term project management consultancy (PMC) agreement supporting future energy, downstream, petrochemical and low-carbon developments across Saudi Arabia.
Saudi Aramco Chief Executive Officer Amin Nasser has withdrawn from a major energy conference in Houston, which gets underway Monday, as the situation in the Middle East remains volatile.
Saudi Arabia’s oil giant Aramco is requesting from Asian buyers to nominate crude loading plans for April for both its key export port in the Gulf and the export alternative on the Red Sea, multiple sources told Reuters on Wednesday.
The oil market would experience “catastrophic consequences” if the halt to Strait of Hormuz tanker traffic continues, according to Saudi Aramco, the world’s top crude exporter and biggest oil firm.
Aramco halted operations at Saudi Arabia’s largest oil refinery at Ras Tanura on the Persian Gulf coast after a drone strike in the area. Gasoil futures jumped on news of the closure of the refinery that’s a key supplier of diesel, as Iran intensified attacks that damaged critical energy infrastructure in the region. Aramco shut […]
Aramco has marked two major milestones in its gas expansion strategy with the start of unconventional production at the Jafurah field and the commissioning of the Tanajib Gas Plant, reinforcing its target to significantly expand Saudi Arabia’s gas production capacity by 2030.
In a statement sent to Rigzone on Monday, Saipem announced that it has been awarded an additional offshore contract in Saudi Arabia under its existing long-term agreement with Aramco.
Saudi Aramco has closed the acquisition of a 25% equity stake in Unioil Petroleum Philippines, a fuel storage and distribution company, Unioil announced on Friday.
The technology, which was jointly developed by researchers at KAUST and Aramco, merges aerial and terrestrial robotic capabilities for industrial inspection and monitoring applications. Through the agreement, Aramco will be able to further develop and deploy the HUCT across its operations.
Petro Rabigh’s overhaul aims to improve the plant’s operational reliability and includes asset upgrades to boost the output of higher-margin products. Aramco and Sumitomo will inject USD 1.4 billion through a Class B share issuance to reinforce Petro Rabigh’s balance sheet and help prepay outstanding debt.