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Saudi Aramco

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About

Saudi Aramco, officially the Saudi Arabian Oil Co., is a Saudi Arabian national petroleum and natural gas company based in Dhahran. It is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world.

Transactions

Report Date Amount (MM) Description
2021-04-09 $12,400.00

Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

Report Date Amount (MM) Description
2020-06-16 $69,100.00

Saudi Aramco Set To Buy $69 Billion Majority Stake In SABIC

Saudi Aramco Set To Buy $69 Billion Majority Stake In SABIC

Report Date Amount (MM) Description
2019-08-19 --

Aramco’s Motiva To Buy Port Arthur, Texas Chemical Plant

Aramco’s Motiva To Buy Port Arthur, Texas Chemical Plant

Report Date Amount (MM) Description
2018-06-28 --

Saudi Aramco, NOV Form JV To Make Onshore Oil Rigs, Equipment

Saudi Aramco, NOV Form JV To Make Onshore Oil Rigs, Equipment

Report Date Amount (MM) Description
2016-11-21 $50.00

Rowan And Saudi Aramco Will Form Offshore Drilling JV

Rowan And Saudi Aramco Will Form Offshore Drilling JV

Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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News

Baker Hughes Awarded Saudi Pipeline Technology Contract

Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions

CERAWeek: Saudi Aramco CEO Says No Peak in Oil Demand for Some Time to Come

Reducing greenhouse gas emissions from hydrocarbons through carbon capture and other technologies achieves better results than alternative energies, Saudi Aramco CEO Amin Nasser said.

Aramco Reports Second Highest Net Income for 2023

The year-on-year decline was due to lower crude oil prices and volumes sold and lower refining and chemicals margins.

E&P Highlights: March 11, 2024

Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.

‘Growth Story’ for Oil: Rice's Kenneth Medlock on Demand Trends

Economics drive oil demand, not politics, Rice University’s Kenneth Medlock said during the International Drilling Conference and Exhibition in Galveston.

Proven Volumes at Aramco’s Jafurah Field Jump on New Booking Approach

Aramco’s addition of 15 Tcf of gas and 2 Bbbl of condensate brings Jafurah’s proven reserves up to 229 Tcf of gas and 75 Bbbl of condensate.

Majors Aim to Cycle-proof Oil by Chasing $30 Breakevens

Majors are shifting oilfields with favorable break-even points following deeper and more frequent boom cycles in the past decade and also reflects executives' belief that current high prices may not last.

WoodMac: Market Likely to Absorb Aramco’s Downshift in Oil Production

Saudi Aramco’s move from a targeted 13 MMbbl/d capacity by 2027 is not expected to tighten the supply and demand balance this decade, Wood Mackenzie analysts said.

Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs

Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.

Column: Don’t Give Up on Energy Investors Just Yet

The energy transition may just lure investors back into the fossil fuel fold.

Saudi Aramco Aims to Lead in Carbon Capture, Not Just Oil

Aramco looks to stay at the forefront of the energy transition with new projects revealed during the World Petroleum Congress.

Aramco Completes $3.4B Purchase of Rongsheng Petrochemical Stake

Armco will also supply Zhejiang Petroleum and Chemical Co. Ltd. with 480,000 bbl/d of crude oil in a long-term sales agreement.

Saudi Aramco to Develop Iraqi Gas Field: Iraq Oil Minister

The Iraqi oil ministry announced that Aramco will invest and develop Akkas gas field in the western Iraqi Anbar province. 

Aramco’s Dividend Proposition Eyes $78 Billion in 2023

Aramco plans to pay a dividend of $78 billion in 2023 compared to $75 billion in 2022 as part of the company’s dividend proposition.

Tech Trends: What Can Aramco's New Robots Do? [WATCH]

In this week's Tech Trends, find out how Saudi Aramco is using sensing and robotics technology to optimize its upstream operations.