The Marjan oil and gas field is located in the Arabian Gulf, off the eastern coast of Saudi Arabia. Owned and operated by Saudi Arabia’s state-owned oil and gas company Saudi Aramco, the offshore field is being expanded as part of the Marjan Crude Increment project. With a total budget of $21 billion, the project […]
Saudi Aramco
Saudi Aramco’s first-quarter profits drop to $32 billion on lower crude prices
Saudi oil giant Aramco reported a first-quarter net profit of $31.88 billion, plummeting by 19% compared to the same period last year. Aramco said the drop was mainly driven by lower crude prices, although partially offset by lower taxes and Zakat and a rise in finance and other income. Commenting on the results, Aramco President and CEO […]
Saudi Aramco, Sabic ship low-carbon Ammonia to Japan
The ammonia is categorised as low-carbon because CO2 from the associated manufacturing process was captured and utilised in downstream applications
Saudi Aramco to develop carbon capture facility in Jubail
The hub will potentially store up to 9 million tonnes of CO2 a year by 2027
Saudi National Day: How high energy prices led Saudi Arabia to become the world’s fastest growing economy
On the occasion of Saudi Arabia’s 92nd National Day, we take a look at how the Kingdom is reaping the rewards of high global energy prices with a strong focus on increased energy production
Saudi oil giant ready to boost crude oil output, if needed
The world’s largest exporter of crude oil said it stands ready to accelerate production to its maximum capacity of 12.3 MMbbl/d over the next three years
Saudi Aramco details next steps towards operational net-zero ambition
Saudi Aramco aims to reduce its upstream carbon intensity by 2035, which is already one of the lowest in the industry
Saipem, Nasser S. Al Hajri Corporation sign an EPC agreement with Saudi Aramco
The initiative by Saipem follows the MoU signed and announced in September 2021, under Aramco’s Namaat Investment Industrial Programs
How can AI help decarbonise oil & gas?
KAUST in Saudi Arabia is working on custom AI algorithms for process control and optimisation, which will eventually help oil and gas firms with green hydrogen generation
JGC Arabia awarded EPC contract for Saudi Arabia’s Zuluf field
JGC has emerged as the single largest contractor on the Zuluf megaproject, with the combined value of its contracts estimated to be more than $3bn