Aramco
News
Well Logging Could Get a Makeover
Aramco’s KASHF robot, expected to deploy in 2025, will be able to operate in both vertical and horizontal segments of wellbores.
Aramco Brings Tight Gas Online at South Ghawar
Aramco’s onshore facilities in the South Ghawar began production two months ahead of schedule.
Amid Protests, Aramco CEO Delivers Energy Transition Reality Check
At a London energy conference disrupted by protestors, Aramco President and CEO Amin Nasser campaigned for a realistic energy transition and defended Saudi Arabia’s voluntary oil cuts as a “strategic” tool that allows it to respond to market volatility.
Exxon CEO Darren Woods: Overnight Energy Transition ‘Wishful Thinking’
Exxon Mobil CEO Darren Woods joined the leaders of Aramco and China National Petroleum Corp. in calling for governments not to prematurely pull the plug on the current energy system at the World Petroleum Congress.
Lower Oil Prices Send Saudi Oil Giant Aramco's First Quarter Profit Down 19%
Aramco's first quarter profits were still higher than the fourth quarter.
OTC: OGCI Raising Second Investment Fund for Decarbonization
The Oil and Gas Climate Initiative, formed by 12 oil and gas majors, is now attracting more E&Ps and service companies.
A&D Minute: Canada's Baytex Energy Expands in Eagle Ford in a Big Way [WATCH]
Also in this week's A&D Minute: Aramco completed its acquisition of Valvoline's global products business for $2.65 billion and pipeline operator Enbridge acquired a 5-Bcf salt cavern storage facility in Texas for $335 million.
Aramco Acquires Valvoline Global Operations for $2.65 Billion
Aramco’s acquisition of the storied Valvoline brand will advance its lubricants business to global markets.
Saudi Aramco Joins Oil Results Bonanza with 39% Jump in Net Income
Saudi Aramco's net income for third-quarter 2022 increased from $30.4 billion a year prior to $42.4 billion, beating analysts' median forecast of $41.7 billion.
Aramco CEO Says Europe's Energy Crisis Plans Only Short-term Solution
"Freezing or capping energy bills might help consumers in the short term, but it does not address the real causes and is not the long-term solution," Aramco's Amin Nasser said of Europe's energy bill cap plans.
WSI Announces Joint Development of Seismic While Drilling System
Wireless Seismic's DrillCAM system will be available for deployment to operators.
Opinion: Policy Options For Saudi Arabia’s New Energy Minister
Prince must balance production restraint against the need for more revenue.