4/29/2026 10:00:23 AM (Volume: 43 / Issue: 5)
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Tag: Aramco

Energy, Oil & Gas

Aramco, Pasqal make history with Saudi Arabia’s first quantum computer

Aramco, one of the world’s leading integrated energy and chemicals companies, in partnership with Pasqal, a global leader in neutral-atom quantum computing, have achieved a major breakthrough for the Middle East’s technology landscape with the successful deployment of Saudi Arabia’s first quantum computer — and the region’s first quantum computer dedicated to industrial applications....

Energy, Oil & Gas

ESAB, Aramco sign MoU to advance industrial capabilities

ESAB and Aramco signed a Memorandum of Understanding to advance industrial capabilities in Saudi Arabia, aligned with Vision 2030, focusing on local manufacturing, operational excellence, knowledge transfer, technical training, and sustainability in welding processes. ...

Energy, Oil & Gas

Baker Hughes awarded multi-year contract for Aramco projects

Baker Hughes has announced that it has secured a multi-year contract along with China Petroleum Engineering & Construction for the MGS project of Saudi oil giant Aramco. The work involves deployment of asset performance management suite across four booster gas compression stations (BGCS) in the kingdom. ...

Energy, Oil & Gas

Aramco Group firms seal $30bn agreements, MoUs with US firms

Saudi oil giant Aramco has announced 17 MoUs and agreements with a potential total value of more than $30 billion with major companies in the US, through its Aramco Group Companies. These are aimed at supporting Aramco’s strategic growth objectives while enhancing its shareholder value. ...

Energy, Oil & Gas

Aramco executive highlights potential of advances in geomechanics

Abdul Hameed Al-Dughaither, Aramco Executive Vice President of EXPEC & Drilling, emphasised the transformative role of geomechanics coupled with artificial intelligence (AI) and automation in advancing drilling, production, reservoir management practices, and the mining industry....

Energy, Oil & Gas

Aramco executives stress AI's impact on materials science

Senior Aramco executives have highlighted the transformational potential of artificial intelligence (AI), its role in overcoming long-established issues related to corrosion — and possibilities it presents for developing innovative new materials on an industrial scale....

Energy, Oil & Gas

Aramco reports $28bn net income for Q3

Aramco reported strong earnings in third quarter, underpinned by operating momentum as major projects progress. The energy major's adjusted net income for the quarter stood at $28 billion (Q3 2024: $27.7 billion)....

Energy, Oil & Gas

Aramco, Yokogawa commission AI agents at gas facility

Yokogawa Electric Corporation has deployed multiple autonomous control AI agents at Aramco’s Fadhili Gas Plant in Saudi Arabia, marking a milestone in industrial AI solutions and enhancing operational efficiency in process automation technology....

Energy, Oil & Gas

Aramco closes $11bn Jafurah deal with BlackRock-backed consortium

Saudi oil giant Aramco has announced the completion of an $11 billion lease and leaseback investment deal for its Jafurah gas processing facilities with a consortium of investors led by funds managed by Global Infrastructure Partners, a part of BlackRock. ...

Energy, Oil & Gas

Aramco to acquire significant minority stake in HUMAIN

Saudi Arabia's Public Investment Fund (PIF) and Aramco have signed a non-binding term sheet outlining the key terms for Aramco to acquire a significant minority stake in HUMAIN, a PIF company, advancing a full range of AI capabilities globally....

Energy, Oil & Gas

Baker Hughes lands major Aramco tubing drilling ops contract

Baker Hughes has announced that it has secured a major contract from oil giant Aramco to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order was booked in the third quarter....

Energy, Oil & Gas

KAUST, Aramco sign IP license agreement for HUCT

King Abdullah University of Science and Technology (KAUST) and Aramco have signed an IP license agreement for commercialisation of the Hybrid Unmanned Aerial Vehicle Crawler Technology (HUCT)....

Energy, Oil & Gas

Aramco will stay dominant in oil, asserts Nasser

Aramco President & CEO Amin H Nasser has emphasised the importance of energy addition to meet rising global demand and Aramco's determination to remain dominant in oil. ...

Energy, Oil & Gas

Aramco completes acquisition of additional stake in Petro Rabigh

Aramco has advanced its strategic downstream expansion with the acquisition of an additional 22.5 per cent stake in Rabigh Refining and Petrochemical Company (Petro Rabigh) from Sumitomo Chemical Corporation (Sumitomo) for $702 million (SAR 7 per share)....

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