Aramco to Finalize Phase 1 of Expanded Gas Pipeline

• Thursday, 27th July 2017
• by Editorial Team

Saudi Aramco is going to finalize the first phase of the expansion of the main gas pipeline across Saudi Arabia by the end of 2017, the company announced in its weekly magazine, in line with the Kingdom’s plan to sati...

Aramco Opens Tender for Security Upgrade

• Tuesday, 25th July 2017
• by Editorial Team

National oil giant Saudi Aramco plans to upgrade the security in its offshore facilities and has received bids for the work from defense companies, Reuters reported. The contract includes installing long range integra...

Saudi Aramco’s SAMREF not Disturbed by Fire

• Monday, 24th July 2017
• by Editorial Team

Operations at  Saudi Aramco Mobile Refinery (SAMREF), located at Yanbu, hasn’t been disturbed by the fire that broke on July 17th, hitting a power transformer at the gate of the facility, a spokesman for a Saudi gover...

Aramco to Invest $18b in Expansion in the Americas

• Sunday, 28th May 2017
• by Editorial Team

Saudi Aramco plans to spend $18b in the next five years to expand its operations in the Americas, focusing on its US oil-refining subsidiary Motiva Enterprises, The Edge Markets informed, citing Motiva’s statement. Ac...

Higher Oil Prices Shrink Saudi Deficit

• Sunday, 14th May 2017
• by Editorial Team

Higher international oil prices helped Saudi Arabia shrink its budget deficit by 71% from the first quarter of 2016 to $6.9b as of end-March 2017, Oil Price reported. State revenues jumped by a similar rate, 72%, to $...

Brunswick Joins Saudi Aramco IPO

• Monday, 8th May 2017
• by Editorial Team

Saudi Aramco has appointed advisory firm Brunswick to join FTI Consulting in running media and investor relations for what is set to be the world’s largest initial public offering (IPO), sources stated to Reuter...

China’s ZTT to Provide Cables to Saudi Aramco

• Wednesday, 19th April 2017
• by Editorial Team

Chinese submarine cable manufacturer ZTT Group was awarded a contract from EMAS Chiyoda and Italy’s Saipem and has been confirmed as the bidder of three projects with Saudi Aramco, Subsea World News informed. Accordin...

Aramco Signs MoUs for Petroleum, Energy Collaboration

• Wednesday, 5th April 2017
• by Editorial Team

Saudi Aramco signed early April two different memorandums of understandings (MoU) covering energy and oil and gas technology, Hellenic Shipping News reported. Hellenic Shipping added that the first MoU was signed with...

Saudi Aramco Invites China’s Sinopec to Invest in IPO

• Thursday, 30th March 2017
• by Editorial Team

China Petroleum & Chemical Corp. (Sinopec) said it was invited to invest in Saudi Aramco as part of what could be the world’s biggest initial public offering (IPO), Oil and Gas People informed. Sinopec’s Chairman,...

Aramco to pay Shell $2.2b to Dissolve JV

• Wednesday, 8th March 2017
• by Editorial Team

Saudi Aramco finalized the execution of definitive agreements with Royal Dutch Shell plc to separate and transfer the assets, liabilities and businesses of the Motiva Enterprises LLC joint venture (JV), Al Bawaba repo...