Aramco | Egypt Oil & Gas - Part 4
Aramco Successfully Acquires 50% of APQ’s Interests in BHIG
Aramco and Air Products Qudra (APQ) announced that Aramco completed the acquisition of a 50% equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG). The agreement brings together experts in ...
Aramco Reports 12% Profit Decline in 2024 Amid Lower Crude Prices
Aramco has reported a 12.4% decline in net income in its fiscal year results of 2024, reaching 398.4 billion riyals ($106.25 billion), from 454.8 billion riyals ($121 billion) recorded in 2023 due to lower realized cr...
Baker Hughes Secures Gas Technology Order for Jafurah Gas Field’s Third Expansion Phase
Baker Hughes has secured an order to provide six gas compression trains and six propane compressors for the third expansion phase of Aramco’s Jafurah gas field in Saudi Arabia. The order awarded by Tecnicas Reunidas i...
Aramco Secures First US Crude Cargo, Shaping Brent Oil Market
Aramco has purchased its first cargo of WTI Midland, a US crude oil grade that underpins the global Brent benchmark, according to Reuters. The transaction took place on Tuesday in the Platts trading window, with Aramc...
Sinopec, Aramco Start Building Petrochemical Complex in China
Sinopec has announced the start of constructing a refinery and a petrochemical complex in cooperation with Aramco in Southeast China’s Fujian province, according to Reuters. The project will include a refinery capacit...
Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
Arabian Drilling, a drilling services provider in Saudi Arabia, has secured a 10- year extension contract for one of its land rigs operating for Saudi Aramco. “We are very pleased with the contract extension as we con... Aramco Reports $27.6B Net Income for Q3, Beating Estimates
Aramco announced a net income of $27.6 billion for the three months ending September 30, exceeding the company-provided median estimate of $26.9 billion. It also surpassed Citi’s forecast of $26.3 billion in a r...
Aramco Signs Agreement with Petrovietnam for Energy, Petrochemical Cooperation
Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group, Petrovietnam, to explore opportunities for cooperation in storage and the supply and trading of energy and petrochemical products. ...
