Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by 2027. The EIA defines spare capacity very […]
ENB Publishers Note: As Saudi Aramco had to incur debt this year to pay its portion to support the Saudi Arabia social programs, it is not surprising that they are seeking outside investors. Unusual, but […]
Saudi Aramco is investing, alongside the country’s sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter’s largest solar project with a capacity of 1.5 GW as the world’s biggest energy company makes a […]
Saudi Aramco is bucking the trend among oil majors by spending the windfall from this year’s surge in energy prices on boosting production capacity rather than increasing returns for shareholders. While Aramco will maintain its hefty […]
The world’s largest oil company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses. The Saudi Arabian state-controlled firm created a new team to review its […]
(Reuters) – By the end of 2021, Royal Dutch Shell Plc (RDSa.L) will have just one operating crude oil refinery in the United States: The 227,400 barrel-per-day (bpd) refinery in Norco, Louisiana. Sources familiar with Shell’s plans […]
Saudi Aramco has a smart management team. While the other supermajors are publicly running away from oil, Saudi Aramco embraces all forms of energy. At least they are upfront about their intentions. The largest oil […]
New Delhi: Saudi Arabian oil giant Aramco has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. Aramco has borrowed tens of billions of dollars in the […]
BENGALURU: Reliance Industries Ltd said on Thursday Saudi Aramco chairman Yasir Al-Rumayyan will join the Indian conglomerate’s board. Reliance had announced a sale of a 20% stake in its oil-to-chemicals business for $15 billion in 2019 to Aramco, the world’s […]
Energy News Beat Publishers Note (ENB): This information from Bloomberg is very telling. Just because the supermajors are being pushed aside, their replacements will not be any more accountable. The state-owned oil companies have even […]
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