Tag: Aramco

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)....