Aramco

Aramco Boosting Petroleum Production as Demand Recovers, Using Natural Gas to Expand Hydrogen Options

Aramco Boosting Petroleum Production as Demand Recovers, Using Natural Gas to Expand Hydrogen Options

Global petroleum demand should reach pre-pandemic levels by early 2022, putting Saudi Arabia’s state-owned oil company in a sweet spot as it boosts production, executives said Monday.  Saudi Arabian Oil Co., aka Aramco, saw a 288% jump in profits from a year ago as oil prices jumped. Petroleum consumption is rising as vaccination rates improve…

August 10, 2021
Aramco CEO Touts Positive Signs for Increasing Oil, Gas Demand as Global Economies Recover

Aramco CEO Touts Positive Signs for Increasing Oil, Gas Demand as Global Economies Recover

As the global economy awakens from the coronavirus-induced slumber, Saudi Arabia Oil Co., aka Aramco, is springing back as well, reporting its first quarter profits jumped 30% from a year ago, sharply surpassing expectations. “Given the positive signs for energy demand in 2021, there are more reasons to be optimistic that better days are coming,”…

May 4, 2021
Aramco Raises $12B-Plus in Oil Pipeline Deal with EIG-Led Consortium

Aramco Raises $12B-Plus in Oil Pipeline Deal with EIG-Led Consortium

Saudi Arabia Oil Co., better known as Aramco, has struck a $12.4 billion transaction to sell a minority stake in its oil pipeline operations to a consortium led by U.S.-based EIG Global Energy Partners.  The global investment group agreed to take 49% equity interest in newly created Aramco Oil Pipelines Co. Aramco today operates more…

April 13, 2021
Oil Price Improvement ‘Faster’ Than Expected, Says Aramco CEO

Oil Price Improvement ‘Faster’ Than Expected, Says Aramco CEO

Saudi Arabia’s state-owned oil and gas company is using technology and reservoir management to segue into an “unprecedented moment” in history, as it works to supply necessary energy while reducing emissions, CEO Amin Nasser said earlier this month. Nasser and his management team held a conference call to discuss the 2020 results for Saudi Arabia…

March 24, 2021
Aramco Looking to Skip LNG Exports, Focus on Blue Hydrogen Transport

Aramco Looking to Skip LNG Exports, Focus on Blue Hydrogen Transport

Saudi Arabia’s state-owned oil company is looking to expand its natural gas business by skipping over the traditional export route and going for a growing market in blue hydrogen, executives said Monday. Saudi Arabia Oil Co., better known as Aramco, is the largest oil exporter in the world. It also has a plethora of natural…

March 22, 2021
Saudi Aramco Reports Increasing Natural Gas Output, with Earnings Climbing in 3Q

Saudi Aramco Reports Increasing Natural Gas Output, with Earnings Climbing in 3Q

Saudi Arabia Oil Co., aka Aramco, achieved record natural gas production of 10.7 Bcf/d on one day in early August from conventional and unconventional fields, management said Wednesday. The recordbreaking figure was set on Aug. 6, executives said during a third quarter conference call. There also are hints of improving demand for oil and gas.…

November 5, 2020
Sempra, Aramco Move Closer to FID on Port Arthur LNG

Sempra, Aramco Move Closer to FID on Port Arthur LNG

Sempra Energy and Saudi Arabia Oil Co., aka Aramco, have taken another step toward developing the Port Arthur LNG export project in Jefferson County, TX, east of Houston.

January 6, 2020

Motiva Expanding into U.S. Petrochemicals with Purchase of Flint Hills Cracker

Saudi-owned Motiva Enterprises, which owns North America’s largest refinery, plans to add to its portfolio east of Houston with the purchase of Flint Hills Resources’ ethylene cracker.

August 20, 2019

Novatek’s Arctic LNG 2 Eyeing Asia Pacific for Final Customer

Russia’s largest independent gas producer Novatek said Wednesday its final partner in the massive Arctic LNG 2 project will likely be an Asia-Pacific customer, with a deal possibly completed in days.

June 26, 2019
Saudi Aramco Gaining Hold in U.S. LNG with Deal to Buy Stake, Supplies from Sempra Port Arthur Project

Saudi Aramco Gaining Hold in U.S. LNG with Deal to Buy Stake, Supplies from Sempra Port Arthur Project

State-owned Saudi Arabia Oil Co., aka Aramco, on Wednesday said it has signed a heads of agreement (HOA) to negotiate buying a 25% stake in Phase 1 of Sempra Energy’s natural gas export project in Port Arthur, near Houston.

May 22, 2019
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