Podcast: ‘We will not hit our net zero targets,’ warns UK energy leader
There is a “groundswell” of energy industry opinion that the UK is going to miss its net zero emissions targets.
Aramco
Saudi Arabia moves closer to another major Aramco stock offering
Saudi Arabia’s plans for another multibillion-dollar offering of Aramco stock are gaining fresh momentum, with any deal set to be one of world’s largest share sales in recent years, people with knowledge of the matter said.
Aramco 1:1 Booking Now Live For Energy Exports Conference 2023
Aramco’s delegation focused on engaging with the UK’s energy supply chain
Pertamina and Aramco team up for hydrogen and ammonia in Indonesia
Aramco and Indonesia’s Pertamina have announced they are exploring collaboration across the hydrogen and ammonia value chain in Southeast Asia's largest economy.
Schlumberger and Aramco team up to help hard-to-abate industries
Energy services giant Schlumberger is to collaborate with Saudi Arabia’s Aramco to help hard-to-abate sectors reduce their emissions.
Aramco CEO stays bullish on oil demand after Friday’s price rout
Oil demand will bounce back to what it was before the coronavirus pandemic crushed energy use last year, and a rout in prices last week was based on unfounded fears of new variants of the disease, the head of Saudi Aramco said.
Reliance’s $15bn Aramco deal goes awry as priorities shift
Reliance Industries scrapped a plan announced more than two years ago to sell a 20% stake in its oil-to-chemicals unit to Saudi Arabian Oil Co. as the Indian company focuses on its renewable energy investments.
At $2 trillion, Aramco races Apple for world’s most valuable company
Saudi Aramco is close to claiming the prized position of the world’s most valuable company from Apple.
Aramco joins group building giant solar plant in Saudi Arabia
Saudi Aramco is joining a group led by ACWA Power to build a nearly $1 billion solar power plant in the kingdom as the world’s largest oil-exporting nation expands renewable energy supply.
Yemeni rebels attack Aramco refinery in Saudi capital
Yemen’s Iran-backed Houthi rebels attacked an Aramco refinery in the Saudi capital Friday using six bomb-laden drones, stepping up their offensive on the kingdom’s energy and security installations.
Saudi Arabia to ship gas to South Korea and take CO2 back
Saudi Arabia may ship gas to South Korea where it will be used to make hydrogen, and the carbon dioxide produced in the process will be transported straight back to the kingdom.
Yemen’s Houthis strike Saudi military base and Aramco oil depot
Yemen’s Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdom’s energy and security installations multiply.
Aramco suspends second Shelf Drilling rig
Saudi Aramco has suspended the contract for the Main Pass I jack-up for up to 12 months, Shelf Drilling has reported.
Aramco joins Exxon, BP, Shell in pledging to curb emissions
Saudi Aramco has joined with European and U.S. supermajors representing a third of the world’s oil industry to begin curbing emissions at their own operations as the clamor builds for the biggest polluters to act on climate impact.
Aramco closes $69bn Sabic deal
Saudi Aramco has completed its purchase of a 70% stake in Saudi Basic Industries Corp. (Sabic) for $69.1 billion.
Saudi, Russia rift widens
US President Donald Trump’s call for a 10 million barrel per day – or even 15mn bpd – cut drove up oil prices last week but weak demand continues to run the show, with little respite expected from talks due to take place this week.
Aramco sticks to $75bn dividend pledge despite oil price drop
Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year.
Tecnicas, Samsung sign on to Algerian refinery work
Algeria’s Sonatrach has signed an engineering, procurement and construction (EPC) contract with Tecnicas Reunidas and Samsung Engineering on a new refinery at Haoud El Hamra, in Hassi Messaoud.
APICORP alarmed on declining MENA gas spend
Gas investments in the Middle East and North African (MENA) region are declining, according to a report from Saudi Arabia-based Arab Petroleum Investments Corp. (APICORP).
IOC sets out the Indian advantage
When Indian Oil Corp. (IOC) was launched it focused on the downstream and has subsequently expanded into the upstream, while also moving into petrochemicals.
Domestic demands and Aramco’s IPO
Saudi Arabia is pushing ahead with the much-watched IPO of the mainstay of its economy, Aramco, although with somewhat diminished aspirations.
Major energy exports event back in Aberdeen for second edition in 2020
A major energy sector conference which debuted in Aberdeen this year will return for a second installment in 2020.
Sempra, Mitsui sketch out LNG extension
Sempra Energy has signed a memorandum of understanding (MoU) on Mitsui & Co. potentially entering LNG projects in the US and Mexico.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
Fitch cuts Aramco’s rating
Fitch Ratings has cut Saudi Aramco’s rating to A from A+, following its downgrade of Saudi Arabia.