Tag Archives: Saudi Aramco

The Saudi Ministry of Energy has announced a substantial increase in gas reserves at the Jafurah field, operated by state-owned Aramco, marking a significant boost for the country’s energy sector. As per the Saudi Press Agency (SPA), the additional reserves comprise 15 trillion standard cubic feet of gas and two …

Saudi state oil giant Aramco may issue a new bond this year to optimize its capital structure, according to its chief financial officer Ziad Al-Murshed. In the bond issue, Saudi Aramco would be looking at longer bond terms of up to 50 years, the executive said at the Saudi Capital …

Shareholders in Saudi Aramco will decide whether the world’s largest oil firm will proceed with a new share offering this year, Aramco’s chief executive Amin Nasser said on Monday, as carried by Reuters. Currently, the Kingdom of Saudi Arabia owns just over 98% of Aramco after selling 1.7% in the …

Saudi Arabia’s energy ministry instructed the oil giant to increase production to 13 million barrels per day on Tuesday. Saudi Arabia’s oil giant Saudi Aramco said on Tuesday that it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order …

Saudi Aramco is more than doubling funding to its venture capital arm by injecting an additional $4 billion funding, the Saudi state oil giant said on Wednesday. The fresh funding will raise Aramco’s total investment allocation to its unit Aramco Ventures from $3 billion to $7 billion. The decision to …

Saudi oil giant Aramco is boosting its big data and artificial intelligence unit that links up its assets to help maximise profit, assisting on decisions from trading to acquisitions, a senior executive told Reuters. “We have 70 people working on this, we’re still adding more,” Yasser Mufti, Aramco’s executive vice …

Speaking at COP28 in Dubai, Saudi Aramco CEO Amin Nasser repeated calls for more upstream investment in the interests of both energy security and to meet growing global demand. Those arguing against fossil fuels have criticized oil and gas industry expansion plans. However, the United Arab Emirates — a fellow …

Saudi oil giant Aramco’s Chief Executive on Monday told a panel on the sidelines of the COP28 climate summit in the UAE that that all the renewable energy coming to market is still not enough to handle additional demand. Aramco CEO Amin Nasser added that more investment in the oil …

Saudi Aramco is forecast to cut the price of its flagship oil grade to Asia for the first time since June as an influx of cheaper US and European barrels drives up competition in the world’s biggest importing region. The state-owned Saudi Arabian producer will reduce the official selling price …

Saudi Arabia’s national petroleum and natural gas company Aramco has started producing unconventional tight gas from its South Ghawar field in Al Hasa Province, 200km east of Riyadh. Aramco has started production two months ahead of schedule, which supports its strategy to increase gas production by more than half from …