HOUSTON, TEXAS (By Sharon Kimathi, Reuters, 24.Mar.2026, Words: 1,082) â Hello! I canât believe itâs already CERAWeek. Itâs one of the biggest annual energy conferences that takes place in Houston, Texas. The conference, organized by S&P Global, draws oil, gas and power company executives from â around the world. Itâs been off […]
Tag: Aramco
Arameo, Baker Hughes ink deal to expand coiled tubing drilling operations across the Kingdom
HOUSTON, TEXAS and LONDON, ENGLAND (By Baker Hughes, 24.Oct.2025, Words: 337) â Baker Hughes announced an award from Aramco to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabiaâs natural gas fields. The order was booked in the third quarter of 2025. Under the multi-year agreement, Baker Hughes will expand its […]
US-Saudi Business Council names Olayan and Fraser to BODs
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 21.Oct.2025, Words: 440) â The US-Saudi Business Council announced appointment of Ms. Lubna S. Olayan, chair of the corporate board of The Olayan Group, and Ms. Jane Fraser, chief executive officer of Citi, as co-chairs of the Council’s board of directors, representing […]
Aramco announces second quarter and half-year 2025 results [pdf download]
DHAHRAN, KINGDOM SAUDI ARABIA (By Aramco, 6.Aug.2025, Words: 359) â “Aramcoâs resilience was proven once again in the first half of 2025 with robust profitability, consistent shareholder distributions and disciplined capital allocation. Despite geopolitical headwinds, we continued to supply energy with exceptional reliability to our customers, both domestically and around […]
Sempra’s Port Arthur LNG Phase 2 gets non-FTA export authorization from US DOE
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 29.May.2025, Words: 473) â The US Department of Energy (DOE) issued a permit to Sempra subsidiary Sempra Infrastructure for the Port Arthur LNG (PALNG) Phase 2 development project. This will allow for export of up to 13.5 million tonnes per annum (MTPA) of US-produced liquefied […]
Woodside inks non-binding collaboration agreement with Aramco
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.May.2025, Words: 234) â Woodside Energy Ltd and Aramco entered into a non-binding collaboration agreement to explore global opportunities, including Aramco’s potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project. Both companies are also exploring opportunities for […]
NextDecade and Aramco execute 1.2 MTPA LNG SPA for Rio Grande LNG Train 4
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 8.Apr.2025) â NextDecade Corporation executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of Aramco for offtake of 1.2 million tonnes per annum (MTPA) of LNG from Train 4 at the Rio Grande LNG (RGLNG) facility. The agreement follows […]
Aramco finalizes purchase of 50% interest in Blue Hydrogen Industrial Gases Company (BHIG)
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 24.Mar.2025, Words: 204) â Aramco and Air Products Qudra (APQ) announced that Aramco has completed the acquisition of a 50% equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG). BHIG targets the production of hydrogen, including lower-carbon hydrogen from natural gas, […]
Aramco Launches Saudi Arabia’s First CO2 Direct Air Capture Test Unit
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Mar.2025) â Aramco launched the Kingdom’s first CO2 Direct Air Capture (DAC) test unit, capable of removing 12 tons per year (t/y) of carbon dioxide from the atmosphere. The pilot plant, developed in collaboration with Siemens Energy, represents a significant step in Aramco’s […]
Aramco to Acquire 25% Interest in Unioil, Enter Philippines Retail Market
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 19.Feb.2025) â Aramco signed definitive agreements to acquire a 25% equity stake in Unioil Petroleum Philippines, one of the largest petroleum companies in the Philippines. The acquisition aims to capitalize on anticipated growth of the high-value fuels market in the Philippines. It represents […]
EAI’s NRGBriefs Dec. 2024: Exxon Guyana, Venture Global IPO, Rio Tingo Argentina
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2024) â Energy briefs as well as others related to finance and projects during Dec. 2024 including Venture Global filing for IPO; Rio Tinto approving $2.5bn to expand the Rincon project in Argentina; ExxonMobil, with the announcement of the Hammerhead and Longtail projects offshore Guyana, […]
Aramco, SINOPEC, and Fujian Break Ground on Refining Project in China
(Aramco, 18.Nov.2024) â  Aramco, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have broken ground on a new integrated refining and petrochemical complex in Fujian Province, China. The facility is planned to have a 16 million tons-per-year oil refining unit (320,000 barrels per day), a 1.5 million […]
Aramco and NextDecade execute HoA for Rio Grande LNG (RGLNG)
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 13.Jun.2024) â The respective subsidiaries of Aramco and NextDecade Corporation executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Train 4 at the Rio Grande LNG (RGLNG) facility at the Port […]
Saudi Arabia Sets up New Aramco Share Sale
(Reuters, 30.May.2024) â  Saudi Arabia’s government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal to help fund Crown Prince Mohammed bin Salman’s plan to diversify the economy. In the main part of the deal, Saudi […]
Petrobras Ranking by Poder 360
(Energy Analytics Institute, 18.May.2024) â In 2023, Petrobras was the 4th most profitable oil company. Saudi Arabia’s Saudi Aramco remains the leader, on its own, according to Poder 360. Petrobras ranked above other oil majors, including some with higher revenues. This is the case of the British BP, the Norwegian […]
Aramco Reports 2023 Net Income of $121.3bn
(Aramco, 10.Mar.2024) â The Saudi Arabian Oil Company announced its full-year 2023 financial results, reporting a net income of $121.3bn, its second-highest ever net income. The results, underpinned by Aramcoâs unique operational flexibility, reliability and low-cost production base, reflect the companyâs ongoing commitment to creating value for its shareholders. ____________________
Concacaf and Aramco Ink Multi-year Partnership
(Aramco, 23.Feb.2024) â Concacaf has agreed to a multi-year Confederation-wide partnership with Aramco, a global integrated energy and chemicals company. Aramco will become the âOfficial Energy Partnerâ for all of Concacafâs national teams and club competitions, beginning with the upcoming W Gold Cup, commencing today through to the Final on […]
Aramco Enters LNG Business by Buying Interest in MidOcean Energy
(Aramco, 28.Sep.2023) â Aramco, one of the worldâs leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500mn. MidOcean is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy […]
Aramco Enters Global LNG Business with $500mn Stake in MidOcean Energy
(Aramco, 28.Sep.2023) â Aramco, one of the worldâs leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500mn. Highlights: Aramco agrees to acquire a strategic minority stake in MidOcean Energy for $500mn, with option to increase size of shareholdingStrategic […]
Aramco Enters South American Retail Market with Esmax Acquisition
(Aramco, 15.Sep.2023) â Aramco, one of the world’s leading integrated energy and chemicals companies, has agreed to purchase a 100% equity stake in Esmax DistribusciĂłn SpA from Southern Cross Group, a Latin America-focused private equity company. The transaction is subject to certain customary conditions, including regulatory approvals. Esmax is a leading […]
Aramco and TotalEnergies Award $11bn Deals for Amiral
(TotalEnergies, 24.Jun.2023) â Aramco and TotalEnergies awarded Engineering, Procurement and Construction (EPC) contracts for the $11bn “Amiral” complex, a future world scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia. A signing ceremony took place in Dhahran attended by Amin H. Nasser, Aramco President and CEO, […]
![Saudi Aramco Reports 1Q:23 Earnings of $31.9bn [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/08/Aramco.jpg)
Saudi Aramco Reports 1Q:23 Earnings of $31.9bn [PDF Download]
(Saudi Aramco, 9.May.2023) â Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility. Aramco believes it is well positioned to withstand fluctuating commodity prices through its low-cost upstream production and strategically integrated downstream operations, and continued to deliver robust […]
Motiva Reports Operational Snag at Texas Oil Refinery
(WSJ, 6.Feb.2023) â Motiva Enterprise reported an operational disruption and above-normal flaring of gases over the weekend at its oil refinery in Port Arthur, Texas. “The Motiva Port Arthur Manufacturing Complex experienced a process incident at the refinery that resulted in flaring with emissions in excess of a reportable quantity,” […]
Aramco and TotalEnergies to Build Saudi Petrochems Complex
(TotalEnergies, 15.Dec.2022) â The Saudi Arabian Oil Company (Aramco) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The âAmiralâ complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabiaâs eastern […]
Guyana Gets 15 Bids To Market Govt Crude
(Reuters, 4.Aug.2021) â Guyana received bids from 15 different companies aiming to market the government’s share of the crude produced off the South American country’s coast, according to Guyana’s National Procurement and Tender Board Administration website on Wednesday. The government re-launched the search last month after a previous tender was […]
Over 30 Cos Vie For Guyana Oil Trading Contract
(Reuters, 21.Apr.2020) â More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese governmentâs share of the countryâs crude, the government said on Tuesday. […]
Venezuela Solicits Audit of Pacific Coast Refinery, RĂo Napo
(Energy Analytics Institute, Piero Stewart, 13.Oct.2018) â Venezuela has solicited an audit of costs related to the Pacific Coast Refinery and RĂo Napo JV in order to discuss potential investment plans with Ecuador, reported the daily Ecuadorian newspaper El Universo. In May 2018, Saudi Arabiaâs Aramco announced it was interested […]