Aramco posts barnstorming quarter
Saudi Aramco has posted its strongest quarterly results since going public, with net income of $39.5 billion and free cash flow of $30.6bn.
Saudi Aramco
First tenders floated for Saudi’s $5bn oil rig theme park: report
The first tenders have reportedly been launched for a huge offshore oil rig theme park mooted by Saudi Arabia, with potentially more than $5 billion of work up for grabs.
KBR wins seven-year deal for Satorp maintenance
KBR has won a seven-year contract to provide general maintenance services (GMS) to the Satorp complex in Saudi Arabia.
Iraq eyes decision in May on Halliburton gas deal
Iraq may reactivate a deal with Halliburton to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
Valaris wins $180m in contracts and extensions
Drilling rig operator Valaris has secured a series of new contracts and contract extensions worth some $181 million in backlog.
Yemen rebels announce temporary halt after strike on Saudi Aramco facilities
Yemen’s Houthi rebel leader on Saturday announced a three-day halt to hostilities after an escalation of missile, drone and ground attacks on Saudi Arabia over the past week, the rebel-run Al-Masirah TV reported.
Saudi Aramco fuel depot hit as drone attacks escalate
An oil storage facility in Saudi Arabia was hit in a barrage of drone attacks on the kingdom on Friday, the latest flare-up in one of the world’s most important regions for oil shipments.
Saudi Aramco hikes spending to boost output
Saudi Aramco will increase spending and issue bonus shares as oil’s surge to more than $100 a barrel bolsters the company’s plan to boost production.
Aramco restarts major refinery plan in China
Saudi Aramco has taken a final investment decision (FID) on a major refinery and petrochemical project in China.
Aramco closes $15.5 billion BlackRock-led gas pipeline deal
Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects.
Banks still pumping billions into oil and gas despite net zero pledges
Europe’s biggest banks are still pumping billions into the oil and gas sector despite signing up to a landmark net zero initiative.
Lamprell bidding pipeline climbs to $7.9 billion as renewables boom
Lamprell has indicated a “significant step up” in its bidding pipeline as global opportunities in renewables continues to rise.
Aramco picks up Aker BP stake in Cognite
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Saudi Aramco says oil demand’s nearing pre-pandemic levels
Saudi Aramco said demand for oil is nearing pre-Covid levels and reiterated that producers globally are investing too little in supply.
Heerema bags contract with McDermott for major Saudi Aramco project
Dutch firm Heerema Marine Contractors has sealed a contract with McDermott to transport and install six large jackets.
Valaris wins UK decom work with Centrica amid clutch of contracts
Valaris has announced a clutch of contract awards, including decommissioning work with Centrica in the UK.
Wood bags FEED contract with Saudi Aramco
Aberdeen-headquartered Wood has secured a multi-million dollar front-end engineering design (FEED) contract with Saudi Aramco.
World risks “ever more chaotic” transition, Aramco boss warns
The world is on course for a “deeply flawed” and “ever more chaotic energy transition”, Saudi Aramco CEO Amin Nasser has said, in comments at the World Petroleum Congress.
Aramco dishes out offshore work to McDermott, Worley
Saudi Aramco has awarded three contracts to McDermott offshore in the Arabian Gulf, shortly after handing Worley offshore work.
Macron oversees slew of French deals on visit to Middle East
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Saipem, Hyundai celebrate Jafurah work
Saipem and Hyundai have announced contract wins on the Jafurah development, in Saudi Arabia.
Aramco dishes out $10bn of contracts on Jafurah
Saudi Aramco has handed out contracts to a number of service companies to develop Jafurah, the largest non-associated gas field in Saudi Arabia.
Air Products, ACWA Power reach close on $12bn Jazan project
ACWA Power has secured financial close on its $12 billion Jazan project, which will supply Saudi Aramco’s refinery under a 25-year deal.
Worley lands Ras Tanura refinery upgrade project with Saudi Aramco
Engineering services giant Worley (ASX: WOR) has landed a refinery upgrade contract with Saudi Aramco.
Aramco aims for 13mn bpd by 2027
Saudi Arabia will push ahead with plans to increase oil production capacity to 13 million barrels per day by 2027.