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HomeSaudi Aramco

Saudi Aramco

oil and gas
Big Oil Companies

How and why big oil is strengthening its oil and gas exposure

April 25, 2024 Mariel Alumit

Size usually matters in oil and gas. Eight of the sector’s biggest companies feature in WoodMac’s benchmarking analysis – the five Supermajors and Saudi Aramco, ADNOC and Qatar Energy. These Middle East NOCs are stepping beyond their […]

Pavilion Energy
Big Oil Companies

Shell, Aramco in final stage of Pavilion Energy talks- sources

April 5, 2024 Mariel Alumit

LONDON/SINGAPORE, April 5 (Reuters) – Shell (SHEL.L), and Saudi Aramco (2222.SE),  which are competing to buy the assets of Temasek-owned liquefied natural gas (LNG) trading firm Pavilion Energy, are now locked in price negotiations after completing the […]

Aramco
Downstream

Aramco Awards Deals Worth $7.7B for Major Gas Plant Expansion

April 4, 2024 Mariel Alumit

In a statement posted on its website recently, Saudi Aramco announced that it has awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion for a “major expansion” of the company’s Fadhili Gas Plant in […]

Saudi Aramco
Big Oil Companies

Saudi Aramco CEO Amin Nasser says energy transition strategy ‘visibly failing’

March 28, 2024 Mariel Alumit

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday. “In the real world, the current transition strategy […]

Big Oil Companies

Week Recap: Cali Rail Fails, Saudi Oil And More!

March 23, 2024 Andy Del Prado

Daily Standup Top Stories California: We Need *Another* $100 Billion for High-Speed Rail – What is a few billion between friends? ‘March 17, 2024 Stu Turley source: Hot Air:     Ed Morrissey:  Hey, a hundred billion […]

Saudi Aramco CEO
Crude Oil News

Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

March 18, 2024 Mariel Alumit

HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy” of phasing out oil and gas, as demand for fossil fuels is expected to […]

Aramco
International News

CEO: Aramco in talks to invest more in LNG

March 12, 2024 Mariel Alumit

Energy behemoth Aramco is in talks to further invest in liquefied natural gas, including in US LNG projects, according to Aramco’s CEO, Amin Nasser. Saudi Arabia’s Aramco made its first international investment in LNG last […]

Aramco
Big Oil Companies

Saudi oil giant Aramco posts 25% fall in full-year profit

March 11, 2024 Mariel Alumit

KEY POINTS Saudi Arabia’s state oil giant Aramco reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1 billion in 2022. The result still represents Aramco’s second-highest ever net income. The […]

Aramco
Big Oil Companies

Aramco in Talks for US LNG Projects as Mideast Gas Race Heats Up

March 10, 2024 Stu Turley

Saudi state company in discussions with a number of entities Others in the region are also betting big on the LNG sector Saudi Aramco is in talks with companies for liquefied natural gas projects in the US […]

AI

Daily Energy Standup Episode #299 – Global Shifts, Green Crime Waves, and Strategic Moves in the Energy Landscape

February 1, 2024 Andy Del Prado

Daily Standup Top Stories America’s enemies are hoping we ‘go green’ January 31, 2024 Mariel Alumit In the shadows of American climate activism, a web of foreign interests is quietly pulling the strings in the background […]

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