Saudi Aramco

Saudi Arabia Oil Co., better known as Aramco, is buying the trading unit of U.S. refiner Motiva Enterprises LLC to expand its commodity business across North and South America. Under the agreement, Houston-based Aramco Trading Americas (ATA) would take over Motiva Trading and become the sole supplier and offtaker of Motiva Enterprises, North America’s largest…

The world’s largest oilfield services company and the world’s largest oil company are partnering to develop a digital platform to help decarbonize hard-to-abate industrial sectors. Schlumberger Ltd. and Saudi Arabian Oil Co. (Aramco) said this week that, “The proposed platform will enable companies in industries such as oil and gas, chemicals, utilities, cement and steel…

Policymakers must ensure the supply of conventional energy sources alongside lower carbon ones as the energy transition marches on, according to Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser. The head of the state-owned oil behemoth has been warning of the threats to global energy security posed by underinvestment in oil and natural gas. “Many…

Saudi Arabian Oil Co., aka Aramco, on Tuesday agreed to take $15.5 billion for a 49% interest  in its natural gas pipeline infrastructure to a consortium led by BlackRock Inc. In the transaction, newly formed Aramco Gas Pipelines Co. would have lease and leaseback usage rights of the network over a 20-year period. BlackRock clinched…

Sempra has scaled back plans to expand the Cameron liquefied natural gas (LNG) export facility in Louisiana, citing design innovations and the “high performance” of the existing three-train plant. The expansion originally called for two trains and two new storage tanks, adding 9.97 million metric tons per year (mmty) of capacity. However, Sempra (formerly Sempra…