Saudi Arabia
News
October 27, 2024
(Bloomberg) — Saudi Aramco’s venture arm has earmarked $100 million to invest in artificial intelligence startups as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI.
News
October 21, 2024
TAQA, a Middle East-based well solutions provider, has introduced a new inflow control system to optimize reservoir performance while enabling operators to sustainably manage fluid production.
News
October 15, 2024
OMMICA has supplied portable testing kits to one of Saudi Arabia’s leading oil and gas producers, a landmark achievement after almost 15 years utilizing its in-house chemical testing methodology.
News
October 07, 2024
Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel, according to people familiar with the matter.
News
September 18, 2024
Saipem’s scope of work involves the engineering, procurement, construction and installation of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic cables.
News
August 20, 2024
The platform is the heaviest and most powerful China-made international offshore oil and gas platform in Qingdao, Shandong.
News
August 16, 2024
Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade.
News
July 04, 2024
The discoveries include two unconventional oil fields, one light Arabian oil reservoir, two natural gas fields, and two natural gas reservoirs.
News
June 30, 2024
The contracts relate to phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco’s Master Gas System, new gas rigs and ongoing capacity maintenance.
News
June 02, 2024
Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan.
News
May 29, 2024
ABL will provide MWS to review, survey and approve all operations relating to the transportation & installation (T&I) of 13 shallow water steel jackets, associated piles, conductors and other project critical items.
News
May 21, 2024
The International Maritime Industries (IMI) already has signed offtake agreements totaling $10 billion over 10 years with partners Aramco and Bahri, for the delivery of 20 rigs and 52 vessels acquiring at least 75% of Bahri commercial vessel needs over the period from the shipyard.
News
May 20, 2024
The agreement will see Pasqal install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025.
News
April 23, 2024
Baker Hughes will supply 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbines for Aramco’s project. The new 4,000-km pipeline is vital to the Kingdom’s energy transition, with expectations to increase domestic gas distribution and contribute to a reduction of carbon emissions and oil consumption.
News
April 23, 2024
The fund projects Saudi oil production will reach 10 MMbpd in early 2025, from what’s now a near three-year low of 9 MMbbl. Saudi Arabia says its production capacity is around 12 MMbpd and it’s rarely pumped as low as today’s levels in the past decade.
News
April 07, 2024
Valaris Limited announced that ARO Drilling, its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143. The rig’s contract was previously scheduled to end in December 2024.
News
April 04, 2024
In March, Saudi Aramco announced plans to reduce capital investment by roughly $40 billion between 2024 and 2028. This was mostly due to the Kingdom’s decision to maintain productive capacity at 12 MMbpd. As part of the decision, Aramco has suspended 17 rigs to date, with a potential for additional releases in the near term.
Article
February 2024
Saudi Arabia suspends oil expansion as neighboring producers plan to raise output
News
March 05, 2024
The MGS‐3 aims to expand the existing natural gas network in order to provide gas supply to various industrial consumers in the region. This expansion of the natural gas network is expected to enhance the ability to meet the growing energy demand in Saudi Arabia and replace liquid fuel burning, contributing to Saudi Arabia’s drive towards a diverse energy mix.
News
February 27, 2024
The company has booked 15 Tcf of raw gas and 2 Bbbl of condensate as proven reserves at Jafurah. It now estimates that Jafurah contains a total resource of 229 Tcf of raw gas, alongside an estimated 75 Bbbl of condensate.
