Aramco | GUPC

Aramco Debuts RE Storage System for Gas Operations

Oil & Gas‚ Oil and Gas Industry | intent | May 26, 2025 | Comment off

Ali A. Al-Meshari, Aramco senior vice president for technology oversight and coordination, commented, “The pioneering flow battery system spearheaded by Aramco’s researchers represents a breakthrough for the oil and gas industry. Aramco already powers a large number of remote gas wells with solar panels connected to lead-acid battery systems, but our ground-breaking flow battery technology offers a flexible solution for diverse renewable energy storage requirements, making it an attractive option for a variety of industrial applications”.

Aramco Considers Asset Sales to Raise Cash

Oil & Gas‚ Oil and Gas Industry | intent | May 26, 2025 | Comment off

Aramco is the biggest contributor to Saudi Arabia’s budget revenues and a vital source of funding for government projects. Because the Saudi government is quite ambitious with such projects, the budget breakeven price of oil has gone up to over $90 per barrel—even though Aramco has some of the lowest production costs in the world at its conventional oilfie.ds

Aramco Pens $90B Deals with US Companies

Oil & Gas‚ Oil and Gas Industry | intent | May 15, 2025 | Comment off

During the dealmaking round, Aramco finalized an agreement to buy 1.2 million metric tons per annum (MMtpa) of LNG for 20 years from the fourth train of the under-construction Rio Grande LNG project in Brownsville, Texas. Owner NextDecade Corp. is seeking purchase commitments to be able to make an FID (final investment decision) on trains 4 and 5. NextDecade has so far approved three trains, which comprise phase 1 – out of eight planned for the project.

Aramco in Talks with Woodside for Louisiana LNG Stake

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

“Development of Louisiana LNG will position Woodside as a global LNG powerhouse, enabling the company to deliver approximately 24 Mtpa [million metric tons per annum] from its global LNG portfolio in the 2030s, and operating over 5 percent of global LNG supply”, Woodside said. “The development has expansion capacity for two additional LNG trains and is fully permitted for a total capacity of 27.6 Mtpa”.

Woodside Courts Aramco for Louisiana LNG Stake

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

Woodside bought the former Driftwood LNG project as part of its acquisition of Tellurian for $1.2 billion last year. The deal “adds a scalable US LNG development opportunity to our existing approximately 10 Mtpa of equity LNG in Australia,” Woodside chief executive Meg O’Neill said at the time. Then, this year, reports emerged that Woodside was looking for partners in the projects, seeking to sell up to 50% of the ownership.

Aramco Profit Drops with Weak Oil Signaling More Strain

Oil & Gas‚ Oil and Gas Industry | intent | May 12, 2025 | Comment off

Oil’s decline since April is likely to inflict more pain both on Aramco and the Saudi government despite the higher oil production. Over the past five weeks, Riyadh led the OPEC+ coalition through two bigger-than-scheduled supply hikes, which together with US President Donald Trump ’s trade war, briefly crashed oil futures to a four-year low below $60 a barrel in London.

Weaker Oil Prices Weigh On Aramco’s Q1 Profit

Oil & Gas‚ Oil and Gas Industry | intent | May 12, 2025 | Comment off

Brent crude has shed some $11 per barrel since the start of the year, most recently trading at around $64 per barrel. This is substantially lower than what Saudi Arabia needs to balance its budget in view of ambitious public spending programs. This would have to change, and soon, if prices stay this low. In the meantime, Aramco is signaling business as usual.

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