Aramco to Finalize SABIC’s Acquisition Deal by 2020
Aramco announced on March 27 acquiring the 70% stake in SABIC for $69.1 billion to develop Aramco’s downstream growth plans.
Saudi Aramco | Egypt Oil & Gas - Part 14
Ghawar’s Field Production Reaches 58 B boe in 2018
The largest oil field in the world, Saudi Aramco’s Ghawar field, reached a production capacity of around 58 billion barrels of oil equivalent (boe) in combined reserves and 48.3 billion in liquid reserves.
SABIC to Proceed with its Growth Plans
The company’s plans will not be affected by the 70% stake purchased by Saudi Aramco for around $69.1 billion.
Aramco to Issue $10 B Bonds
As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.
Aramco, Mcdermott to Establish New Oil Facility
The facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules.
Aramco to Reduce its Carbon Footprint
Saudi Aramco has been establishing an international gas business in a way that diminishes its carbon footprint by converting more crude oil into chemicals.
Novatek to Deal with Aramco on Arctic LNG 2 Project
The talks were between Leonid Mikhelson, Novatek's CEO and Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, where they are expected to settle on an agreement soon.
Saudi Arabia Discovers Gas Fields in Red Sea
Saudi Aramco will carry out feasibility studies to determine the exploration possibilities in this area during the upcoming two years.
Aramco to Renovate Engines, Fuel amid Electric Type
The gasoline compression results in lower nitrogen oxide and soot emissions as well as a 30% improvement in fuel economy.
Aramco to Pump Crude Oil into Egyptian Refineries
Egypt has renewed the agreement with Saudi Aramco to provide Egyptian refineries with crude oil for six months starting from January 2019.
