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HomeSaudi Aramco

Saudi Aramco

Q1 2025 Saudi Aramco earnings
Big Oil Companies

Saudi Aramco’s $12 billion share sale sells out in mere hours

June 3, 2024 Mariel Alumit

(Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. […]

Saudi Aramco
International News

Exclusive: Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say

June 3, 2024 Mariel Alumit

LONDON, March 6 (Reuters) – Gulf oil giants Saudi Aramco (2222.SE), opens new tab and Abu Dhabi National Oil Company (ADNOC) (ADNOC.UL) are in talks to invest in U.S. liquefied natural gas projects, as they step up […]

Shell
Downstream

Saudi Aramco in Talks to Buy Shell Gas Stations in Malaysia

May 6, 2024 Mariel Alumit

Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell’s billion-dollar gas station business in Malaysia, where the Dutch supergiant owns a network of nearly 1,000 […]

Big Oil Companies

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

April 28, 2024 Stu Turley

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 […]

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 […]

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