Tag: Aramco

Energy, Oil & Gas

Fluor snaps up long-term PMC agreement from Aramco

Fluor Corporation, a leading provider of engineering, procurement, construction and maintenance services, has announced that it has been selected by Saudi oil giant Aramco as a programme management consultancy (PMC) contractor to support its global capital projects portfolio. ...

Energy, Oil & Gas

Worley secures five-year Aramco deal for Saudi energy projects

Worley has secured a five-year agreement among 11 contractors selected by Aramco to support major Saudi projects, delivering energy infrastructure, consultancy services, and digital solutions across engineering, construction, and talent development....

Energy, Oil & Gas

Wood secures long-term Aramco engineering deal

Wood has secured a five-year Long-Term Agreement with Aramco, extendable by three years, to provide engineering, design and project management services for oil, gas, refining, petrochemical and lower-carbon hydrogen projects in Saudi Arabia....

Energy, Oil & Gas

Aramco ecosystem SMEs to access $400m in funding

SME Bank, Aramco Taleed and fintech firm Manafa have launched new financing solutions for SMEs in Saudi Arabia’s industrial sector and Aramco ecosystem, aiming to improve funding access, liquidity and growth, with opportunities expected to reach SAR1.5 billion ($400 million) over five years....

Energy, Oil & Gas

Kepco secures $1.4bn Saudi cogeneration project from Aramco

Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity. ...

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. ...