Tag: Aramco

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....

Energy, Oil & Gas

KBR lands Saudi petchem complex maintenance contract

SATORP, a joint venture between Saudi oil giant Aramco and French multinational integrated energy TotalEnergies, has signed up KBR, a leading technology and engineering solutions company, to provide comprehensive maintenance services for its petrochemical complex in Jubail for the next seven years....

Energy, Oil & Gas

Energy crisis looms as major plants shut down, Hormuz shipping halted

A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz....

Energy, Oil & Gas

Saudi Arabia's Ras Tanura refinery shut after drone incident

A drone strike has forced the temporary closure of the Ras Tanura Refinery, one of the world’s largest oil processing facilities in Saudi Arabia, dealing a fresh blow to global energy markets already on edge over escalating regional tensions....

Energy, Oil & Gas

Aramco achieves double success in gas strategy; Jafurah & Tanajib start ops

Aramco, one of the world’s leading integrated energy and chemicals companies, on Thursday announced major progress in its ambitious gas expansion strategy, with the start of production at Jafurah, the Middle East’s largest unconventional gas field, and the commencement of operations at Tanajib Gas Plant, one of the largest gas plants in the world....

Energy, Oil & Gas

Emerson recognised by Aramco for local manufacturing excellence

Emerson, an expert in automation technology and software, has been awarded the 2026 Saudi Aramco Local Manufacturers Quality Award, in recognition of its commitment to quality, manufacturing excellence, and long-term alignment with national industrial objectives....

Energy, Oil & Gas

Saipem secures $500m EPCI contract for Aramco project

Italian group Saipem has announced that it has secured a new engineering, procurement, construction and installation (EPCI) contract for an offshore project from Saudi oil giant Aramco. The work is for a 48-inch trunkline, comprising 65 km offshore and 12 km onshore in Safaniya oil field. ...