Tag: Aramco

Energy, Oil & Gas

Emerson, Aramco to co-develop advanced corrosion management solutions

Emerson has announced a collaboration with Aramco to co-develop next-generation corrosion management solutions for use across the company’s operations. The initiative aims to support more consistent and data-driven approaches to corrosion monitoring....

Energy, Oil & Gas

Aramco exits PRefChem venture, Petronas assumes full ownership

Aramco and Petronas signed an agreement for Petronas to acquire Aramco’s equity stakes in Pengerang Refining Company and Pengerang Petrochemical Company (PRefChem), located within the Pengerang Integrated Complex in Johor, Malaysia....

Energy, Oil & Gas

Arabian Pipes Company wins pipes deal from Aramco

Arabian Pipes Company (APC) has announced the signing of a contract with Saudi Aramco for the manufacturing and supply of steel pipes, with a total value of around SR48 million ($12.83 million)....

Energy, Oil & Gas

Aramco, Pasqal launch Saudi Arabia’s first quantum computer

Aramco, one of the world's leading energy and chemicals companies, in partnership with Pasqal, a global leader in neutral-atom quantum computing, on Monday officially inaugurated Saudi Arabia’s first quantum computer. ...

Energy, Oil & Gas

Aramco CEO sees Hormuz risks delaying oil recovery to 2027

Amin Nasser, President and CEO of Aramco, warned that ongoing disruptions to oil exports through the Strait of Hormuz could postpone the global oil market’s recovery until 2027, according to a report by Reuters....

Energy, Oil & Gas

Aramco Q1 net income rises to $33.6bn despite disruptions

Oil giant Saudi Aramco reported a sharp rise in first-quarter profit on Sunday, citing strong operational resilience and the ability to maintain exports despite disruptions to shipping through the Strait of Hormuz....

Energy, Oil & Gas

ASMO begins construction of 1.4m sq m logistics hub at SPARK

ASMO, a joint venture between Aramco and DHL, has commenced construction of its first purpose built logistics hub at King Salman Energy Park (SPARK), marking a significant milestone in the development of long term logistics infrastructure supporting Saudi Arabia’s energy and industrial sectors....

Energy, Oil & Gas

IBM, Aramco explore AI collaboration in Saudi Arabia

Aramco and IBM announced their intended collaboration on opportunities to advance AI, agentic AI, automation, material science and other mutually agreed domains in the industrial sector. ...

Energy, Oil & Gas

Emerson, Aramco deploy AI for improved refining performance

Emerson deployed an AI optimisation solution for Aramco by integrating Aspen Hybrid Models into refinery planning, creating a large-scale optimisation system and achieving up to 98.5 per cent accuracy in yield and quality predictions....

Energy, Oil & Gas

Petro Rabigh cuts accumulated losses to 14.77% of share capital

Petro Rabigh, a leading petrochemical company jointly owned by oil giant Aramco and Japan's Sumitomo Chemical, has announced that it has cut its accumulated losses to 14.77% of share capital, dropping below a key regulatory threshold after a capital reduction and a return to profit. ...

Energy, Oil & Gas

Attacks disrupt East-West pipeline, cut oil output, says Saudi Arabia

Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per ​day and throughput on its East-West Pipeline by about 700,000 bpd, Saudi Press Agency reported, citing an official source ‌at the Ministry of Energy....

Energy, Oil & Gas

Aramco-Dow Chemicals JV shuts down production at Saudi plant

Sadara Chemical, a joint venture between Saudi oil ​giant Aramco and US chemicals firm Dow, has announced that it has temporarily shut down production at its parent-operated plant. Sadara Chemical operates a ‌complex in Jubail with an ​annual production ⁠capacity of 3 million MT of chemicals and plastics. ...

Energy, Oil & Gas

Aramco cuts oil supply to Asia for second month in April

Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month ‌in April, two sources with knowledge of the matter said, after the US-Israeli war with Iran disrupted trade via the Strait of Hormuz....

Energy, Oil & Gas

Aramco reports strong 2025 results with $104.7bn net income

Aramco reported strong 2025 results with adjusted net income of $104.7 billion, including $25.1 billion in Q4. Operating cash flow reached $136.2 billion for the year and $40.8 billion in Q4, with free cash flow of $85.4 billion....