Saudi Aramco Upstream Technology Company (SAUTC), subsidiary of Saudi Aramco, has signed an memorandum of understanding (MoU) with Russian Lomonosov Moscow State University (MSU) for joint research focusing primar ...
Saudi Aramco has doubled its scientific employee base to 1,300, and has greatly increased its patented technologies over the past five years.
Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee.
The Saudi government has offered state-owned oil company Saudi Aramco a 40-year concession term for the kingdom's oil reserves, replacing its current evergreen contract which permits it indefinite exclusive rights ...
OPEC and non-OPEC petroleum producing countries will agree to introduce a mechanism for monitoring crude oil production before the end of 2018, Kuwaiti Oil Minister Bakheet Al-Rashidi stated.
Saudi Arabia's sovereign wealth fund has borrowed $11 billion from international banks after plans for an initial public offering (IPO) of state-owned oil firm Saudi Aramco were delayed indefinitely.
Iran plans to sell discounted oil to the Asian market as a way to mitigate losses caused by US sanctions on the country.
Saudi Arabia was forced to cut oil production by more than 200,000 barrels per day (b/d) last month after OPEC’s forecasted demand figures were lower than expected, raising concerns about oversupply.
Saudi Arabia’s petroleum exports worldwide will not be affected by the ongoing diplomatic dispute between the kingdom and Canada, Energy Minister Khalid Al-Falih affirmed on Thursday.
Rowan Companies jack-up rigs joint-venture ARO Drilling has been awarded six three-year contracts by Saudi Aramco for Rowan rigs.
