Saudi oil and gas giant Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support “a stable and inclusive” energy transition. Aramco disclosed the creation of “one of the world’s largest […]
Asian refiners are poised to conduct rigorous discussions and negotiations with major Middle Eastern crude producers in an effort to secure a steady inflow of Persian Gulf supplies on a longer term contractual basis amid […]
The lack of fungibility of the gas market is set to pose a major challenge for Europe in the near term, the heads of Saudi Aramco and Shell agreed today. Aramco’s Amin Nasser was relatively sanguine on […]
With Africa seeking to maximize the exploitation of its entire resource base including oil, gas, coal and renewable energy for a secure and sustainable energy mix that will support the continent’s efforts to accelerate electrification […]
Aramco president and CEO Amin Nasser highlighted the need for a much more credible energy transition plan, as he delivered a keynote speech at the Schlumberger Digital Forum. During the event, he stressed the importance […]
Saudi Arabia’s Arabian Drilling Co. is looking for growth in the kingdom’s crude oil and natural gas production as the country will be “critical” to meet demand for hydrocarbons that it sees from the Middle […]
(Bloomberg) — Saudi Arabia told OPEC that it raised its crude production to just over 11 million barrels a day last month, exceeding the symbolic level for the first time in two years as the […]
Underinvestment in oil and natural gas supply could threaten global energy security and decarbonization efforts over the coming years, according to the CEO of Saudi Arabia’s state-owned oil behemoth. Saudi Arabian Oil Co. (Aramco) CEO […]
[Scene: Suburbia. A harried wife returning home from work. Angry slamming of a front door.] “I’m home! Where are you? What the hell is going on? Why is the garage full of cash? I can’t […]
Saudi Aramco, one of the world’s biggest oil producers, is yet another oil giant to see its profits soar this year due to high energy prices. The company announced on Sunday that its net income had jumped […]
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