Key Points Research suggests Saudi Aramco\’s Q1 2025 earnings reflect lower oil prices and production cuts. Net income dropped to $26 billion, down from $27.3 billion in Q1 2024, due to market conditions. Dividends include a $21.1 billion base, up 4.2%, but performance-linked dividends fell sharply. The evidence leans toward ongoing challenges from global oil […]
Continue ReadingARO Drilling, a joint venture of New York-listed offshore driller Valaris, has signed extensions for five jackup rigs with Saudi giant Aramco. The extensions, all for five years, were signed for the Valaris 250, Valaris 116, Valaris 146, Valaris 140, and Valaris 141 or as ARO Drilling referred to them in its statement, the Bob […]
Continue ReadingWeekly Daily Standup Top Stories Clean Energy Projects in the United States have been lost in the wind to the tune of $8 Billion – But how much cheaper will be our electricity? April 20, 2025 Clark Savage In the first quarter of 2025, 16 large-scale clean energy projects in the U.S. were canceled, downsized, or […]
Continue ReadingDaily Standup Top Stories Critical Minerals are not the problem that China controls. It is the processing of the mineral ore that they control. April 21, 2025 Clark Savage Examining the energy markets today, we must consider the tariff war currently underway between the United States and the rest of the world. Make no mistake, this […]
Continue ReadingENB Pub Note: This article from Rystad Energy is essential as it discusses the oil and gas operators in the MENA region. These points highlight some critical benefits of the trade wars for Saudi Aramco, Iran, and other producers in the area. What this does not cover is the importance that the tariffs are impacting […]
Continue ReadingThe Saudi giant has renewed long-term agreements with the Italian offshore engineering and construction giant Saipem and UAE-based fabricator Lamprell. Saipem’s agreement with the Saudi firm is now set to run until the end of 2027. With this renewal, the company is confirmed in the exclusive list of contractors selected by Saudi Aramco, which are […]
Continue ReadingThe world’s biggest crude oil exporter, Saudi Aramco, bought this week its first cargo of U.S. WTI Midland, the crude grade which is now part of the dated Brent benchmark, S&P Global Commodity Insights told Reuters. The Saudi oil giant, which is also the world’s biggest oil company, bought the cargo in the Platts window from […]
Continue ReadingDaily Standup Top Stories Biden Grants First New LNG Approval Since Freezing Permits September 3, 2024 Stu Turley New Fortress Energy receives five-year license to sell LNG Climate groups blast White House, permit-pause appeal ongoing The Biden administration granted the first liquefied natural gas export license since the Energy Department halted LNG export permits in […] Saudi Aramco Continues […]
Continue ReadingWeekly Daily Standup Top Stories Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 August 2, 2024 Mariel Alumit ENB Pub Note: We recommend following and subscribing to Robert Bryce’s Substack. I have thoroughly enjoyed my conversations with him on my podcasts. Electricity is the world’s most important and fastest-growing form […]
Continue ReadingDaily Standup Top Stories In 2024, Biden Admin Churned Out $1.2 Trillion In New Regulations August 7, 2024 Mariel Alumit Biden’s administration has added over a trillion dollars in compliance costs for new regulations in 2024 alone. President Joe Biden’s administration has added over a trillion dollars in compliance costs for new regulations so far […] DAVID […]
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