Aramco considers Asset Sales to Raise Cash
Saudi state-owned oil major, Aramco, is considering selling up to five gas-fired power plants to raise cash, Reuters reported, quoting three people familiar with the situation.
Saudi Arabia | Egypt Oil & Gas - Part 3
Ganope Signs 2D Seismic Survey Project Agreement with Ardiseis
Ganoub El Wadi Petroleum Holding Company's (Ganope) signed a new agreement with the Egyptian Branch of the Saudi company Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), in presence of ...
Falling Crude Prices Slows Down an Oil-Backed Deal between Aramco and Nigeria
Nigeria and Saudi Arabia’s state oil giant, Aramco, are facing challenges in finalising a landmark $5 billion oil-backed loan, according to Reuters. The falling crude prices have raised concerns among banks expect ...
Aramco Completes $5Bn Bonds Issuance
Aramco, a world leader in integrated energy, announced the successful completion of a $5 billion bonds issuance.
The issuance was carried out in three tranches at the London Stock Exchange, under its Global ...
Saudi Arabia, Kuwait Make First Major Oil Discovery in Neutral Zone Since 2020
The governments of Saudi Arabia and Kuwait have announced a new oil discovery by Wafra Joint Operations (WJO) in the North Wafra Wara-Burgan field, situated five kilometers north of the Wafra field, according to S ...
Aramco Deploys First-Ever Iron-Vanadium Flow Battery for Natural Gas Operations
Aramco, one of the world’s leading integrated energy and chemicals companies, launched the first megawatt (MW)-scale renewable energy storage system using Iron-Vanadium (Fe/V) flow battery to store solar power for ...
EDC Drills 200 Wells in 2024, Targets Expansion in New Markets
The Chairman of the Egyptian Drilling Company (EDC), Osama Kamel, revealed that the company was able to drill 200 new wells and repair over 600 in 2024. He showcased the company's performance, noting that it added ...
Aramco’s net profit fell by 4.6 % in Q1 2025
Saudi oil giant Aramco reported a 4.6 % decline in its net profits during the first quarter (Q1) of 2025 to reach $26 billion. The retreat in profits came on the back of increased capital expenditures, which incre ...
ADES Inks Contract Renewal for Offshore Jackup Rigs in Saudi Arabia
ADES Holding Company announced that it renewed the contract for one of its standard offshore jackup rigs.
Aramco Makes New 14 Discoveries in the Eastern Region, Empty Quarter
Saudi Minister of Energy, Abdulaziz bin Salman bin Abdulaziz, announced that the Saudi Arabian Oil Company (Aramco) has discovered 14 Arabian oil and natural gas fields and reservoirs in Eastern Region and the Emp ...
