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HomeSaudi Aramco

Saudi Aramco

Aramco
Crude Oil News

Aramco Discovers 2 New Unconventional Gas Fields

December 2, 2022 Mariel Alumit

Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, announced that Saudi Aramco has discovered two new unconventional natural gas fields in the eastern region, the Saudi Press Agency (SPA) reported this week. […]

A flame from a Saudi Aramco oil installation known as “Pump 3” burns brightly during sunset in the desert near the oil-rich area Al-Khurais.
Crude Oil News

Saudi Arabia’s “Green New Agenda” Doesn’t Include Cutting Oil Production

November 19, 2022 Mariel Alumit

The world’s biggest petroleum exporter, a country built with oil money, and a founding member of the most powerful oil cartel on Earth, is now styling itself as a pioneer of climate change solutions. At […]

Saudi
Earnings

Saudi Aramco Joins Oil Results Bonanza with 39% Jump in Net Income

November 1, 2022 Mariel Alumit

Saudi Arabian state oil producer Aramco beat forecasts on Nov. 1 with a 39% jump in third-quarter net income and reported record free cash flows, joining rivals in benefiting from higher prices and robust demand. Aramco’s net income rose to $42.4 billion for the three months to Sept. 30 from […]

Saudi Aramco
Crude Oil News

Saudi Aramco Q3 output reaches 14.4 mil b/d of oil equivalent

November 1, 2022 Mariel Alumit

Saudi Aramco’s total hydrocarbon output reached 14.4 million b/d of oil equivalent in the third quarter of 2022, as Saudi Arabia, the world’s largest oil exporting country brought on more supply to the oil markets […]

Saudi
Exploration and Production

Saudi giant unveils $1.5 bln fund to support ‘stable and inclusive’ energy transition

October 26, 2022 Mariel Alumit

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
Crude Oil News

Asian refiners aim to fix minimum guaranteed Middle East term crude supply amid OPEC+ output jitters

October 6, 2022 Mariel Alumit

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 […]

Shell, Aramco heads warn of gas, oil supply squeeze
Crude Oil News

Shell, Aramco heads warn of gas, oil supply squeeze – “We are heading in the wrong direction.”

October 4, 2022 Mariel Alumit

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 […]

Saudi Arabia
Crude Oil News

Saudi Arabia to discuss Investment in Africa with large Energy Delegation including Ministry, Saudi Basic Industries Corporation (SABIC), ARAMCO to Africa Energy Week in Cape Town

October 3, 2022 Mariel Alumit

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
Climate Crisis

Aramco CEO says current energy transition plan not credible

September 22, 2022 Mariel Alumit

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
Crude Oil News

Saudi drilling company eyes fast growth in oil, gas production

September 19, 2022 Mariel Alumit

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 […]

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