Saudi Aramco, the world’s largest oil firm, purchased the largest number of credits
Aramco
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Weatherford awarded drilling contract from Saudi Aramco
Weatherford International has been awarded a three-year contract with Saudi oil giant Aramco to deliver drilling services, the company announced in a press release. Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines real-time information analysis and drilling tools to maximize efficiency. Deploying these service and technology offerings […]
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Saudi Arabia awards construction contract for dry gas network in Dammam
Saudi Arabia’s Ministry of Energy has announced that the National Gas Co (NATGAS) has been awarded the contract to establish and manage a dry gas network in Dammam Third Industrial City. The city is a prominent industrial hub in the country, housing around 176 existing or upcoming factories, as stated in an Arabic announcement on […]
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Aramco awards $7.2 million contract to Arabian Pipes
Dubai-headquartered Arabian Pipes Co was awarded a supply contract worth around $7.2 million by Saudi Aramco, according to a statement to Tadawul. According to the contract, Arabian Pipes will supply steel pipes to Saudi Aramco over a period of seven months. The pipe maker pointed out that the financial impact of the contract will show on Q1 […]
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Kuwait’s HEISCO wins $133 million contract from Aramco in Ras Tanura
HEISCO will execute main civil and mechanical construction works for Aramco’s project
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Saudi Aramco to supply full oil volumes to Asian refiners
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, Reuters reported, citing several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce its production […]
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McDermott progressing construction work on Aramco’s $21 billion Marjan expansion
Houston-based firm McDermott is advancing construction of Aramco’s Marjan expansion project aiming to complete it by 2025, data by DMS Projects shows. In July 2019, McDermott announced the award of two engineering, procurement, construction and installation (EPCI) contracts for the Marjan field expansion project. The first EPCI contract, valued at $3 billion, was for the Marjan […]
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Aramco’s Namaat program progresses work on launching $25 billion companies
Aramco’s Industrial Investments Program, Namaat, is progressing work on launching a cloud storage company, an iron sheet manufacturer, and a logistics management center among several other firms. The initiative, launched by the oil giant in 2021, is helping launch 31 local and international companies with an estimated total value of $24.53 billion, Arab News reported. Of […]
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Aramco, PIF set to own star-studded Saudi football clubs
Saudi Arabia’s oil diversification push continues to gain significant momentum as its $700 billion sovereign wealth fund PIF and state oil company Aramco prepare to assume controlling stakes in a number of local football clubs. The Public Investment Fund (PIF) will take control of four of the kingdom’s top soccer clubs including Al-Nassr, which Cristiano […]
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Saudi Aramco and Eni invest $22.7 million in UK’s clean energy start-up
Oil giants Saudi Aramco and ENI, together with United Airlines are investing a staggering $22.7 million in British startup OXCCU through their venture units to tackle the astronomical costs of eco-friendly aviation fuel. This bold venture aims to transform the aviation industry’s carbon emissions, which currently contribute 2% to the world’s alarming climate crisis. Led […]
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