Aramco Discovers New Oil, Gas Fields
The world’s largest oil company, Saudi Aramco, has discovered two new oil and gas fields in the north of Saudi near Arar.
Saudi Aramco | Egypt Oil & Gas - Part 3
Aramco Establishes Integrated Corporate Development Organization
The world’s largest oil company, Saudi Aramco, has announced the establishment of an integrated Corporate Development organization in an effort to optimize the company’s portfolio.
Saudi Aramco Plans to Cut Capital Spending Further
Saudi Aramco plans to further cut capital expenditure (Capex) in an attempt to try and pay for the $75 billion dividends that were promised to investors.
Saudi Aramco Intends to Boost Capacity by 1 MMBBL/D
Saudi Aramco has announced its intention to boost crude output by an estimated 1 million barrels of oil per day (mmbbl/d) to a total of 13 mmbbl/d, despite the company’s recent cuts in capital expenditure (Capex). ...
Aramco to Redesign Downstream Business
The world’s largest oil company, Saudi Aramco, is set to reorganize its downstream business and enhance integration across the hydrocarbon value chain in order to enhance financial performance and value creation.
Aramco Completes Acquisition of 70% Stake in SABIC
Saudi Aramco, the world’s largest oil company, has announced the acquisition of a 70% stake in the petrochemical company Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF).
Aramco Maintains Dividend Payout Despite 25% Q1 Profit Drop
Saudi Aramco, the world’s largest oil exporting company, announced that it will maintain its promise to deliver its $18.75 billion dividend payout Q1 even though the company recorded 25% drop in profit.
Saudi Arabia to Reduce Oil Production Worth 1% of Daily Global Supply
A Saudi Ministry of Energy Official stated that Saudi Aramco will reduce its crude oil production in June by a voluntary amount of 1 million barrels of oil per day (mmbbl/d) or 1% of daily global oil supply.
Saudi Aramco Lowers Fuel Prices in May
Saudi Aramco has announced on May 10 new reduced prices for fuel in the Kingdom of Saudi Arabia.
Saudi Arabia Sells Crude to Belarus for First Time
Belarus’ state refiner Beleneftkhim has purchased its first batch of crude from the Kingdom of Saudi Arabia.
