Company Insights Saudi Aramco Oil & Gas Saudi Aramco News Oil & Gas Aramco considers LNG exports as reserves grow Saudi Aramco is looking at building a liquefied natural gas (LNG) export business, as its growing natural gas production looks likely to exceed its domestic needs. The energy giant is optimistic about its gas output. In the first quarter of the year, it announced the addition of 15 trillion cubic feet (Tcf) to its proven […] May 9, 2024 Opinion Finance Strong regional deal growth underpinned by wealth funds Middle Eastern markets have remained resilient, due to supportive government policies May 8, 2024 Oil & Gas Aramco increases dividend payouts despite falling profit Aramco will distribute higher dividends to its investors and the government, despite a drop in profit in the first quarter of this year. The state-owned energy major will pay a $31 billion dividend in the first quarter as it continues to fuel Saudi Arabia’s budget and spending on giga-projects designed to diversify the kingdom’s economy […] May 7, 2024 Artificial Intelligence Aramco leads the pack in oil and gas AI investments Saudi Aramco invested around $3.5 billion in research and development last year and leads in adopting artificial intelligence, as it rivals its regional peers in the adoption of new technology. The world’s largest energy company was active in more than 250 areas, such as AI, drones, robotics, electric vehicles and hydrogen technology, a GlobalData report […] May 6, 2024 Artificial Intelligence Presight takes majority stake in Adnoc-G42 AI venture The data analytics company Presight is acquiring a majority stake in AIQ, a joint venture between Abu Dhabi National Oil Company (Adnoc) and G42. Under the agreement, Presight, an Abu Dhabi-listed company, will own 51 percent of AIQ, with Adnoc keeping the remaining 49 percent, a statement released on Wednesday said. Previously, G42 held 40 […] May 2, 2024 Mining Manara takes a $2.5bn stake in Brazilian mining giant Manara Minerals, a joint venture between Saudi Arabian Mining Co (Maaden) and the sovereign Public Investment Fund (PIF), has completed a $2.5 billion deal to acquire a stake in a subsidiary of Brazilian giant Vale. Maaden said in a filing to the Saudi Exchange that it has acquired 10 percent of Vale Base Metals Limited […] May 1, 2024 Business of Sport Saudi Aramco signs up with Fifa as World Cup sponsor Saudi Aramco, the world’s largest oil producer, has signed a four-year global partnership with international football association Fifa. The energy giant will become Fifa’s major worldwide partner with sponsorship rights for multiple events, including the Fifa World Cup 26, co-hosted by the United States, Canada and Mexico and the Fifa Women’s World Cup 2027. The value […] April 26, 2024 Oil & Gas Aramco targets another petrochemical company in China Saudi Aramco has begun talks to acquire a 10 percent stake in Hengli Petrochemical Company, owner of a 400,000 barrel a day refinery and chemicals complex in Liaoning, north-east China. Hengli Petrochemical, a subsidiary of Hengli Group, also operates plants and production facilities in Jiangsu and Guangdong provinces. The kingdom’s state-owned oil company is looking […] April 23, 2024 Opinion Finance I have seen the future and it’s ICD Brookfield Place Abu Dhabi and Riyadh also know a good thing when they see it April 12, 2024 Analysis Renewable Energy Lithium’s highs and lows – and what they mean for the Gulf For one of the world’s most critical minerals, the past two years have been the best of times and the worst of times. First, lithium prices shot skywards, hitting around $80,000 per metric tonne in 2022 amid fears that global supply would not meet demand. Then, in just a year, the soft, silvery-white metal lost […] April 12, 2024 Posts navigation Previous 1 … 27 28 29 … 55 Next
Oil & Gas Aramco considers LNG exports as reserves grow Saudi Aramco is looking at building a liquefied natural gas (LNG) export business, as its growing natural gas production looks likely to exceed its domestic needs. The energy giant is optimistic about its gas output. In the first quarter of the year, it announced the addition of 15 trillion cubic feet (Tcf) to its proven […] May 9, 2024
Opinion Finance Strong regional deal growth underpinned by wealth funds Middle Eastern markets have remained resilient, due to supportive government policies May 8, 2024
Oil & Gas Aramco increases dividend payouts despite falling profit Aramco will distribute higher dividends to its investors and the government, despite a drop in profit in the first quarter of this year. The state-owned energy major will pay a $31 billion dividend in the first quarter as it continues to fuel Saudi Arabia’s budget and spending on giga-projects designed to diversify the kingdom’s economy […] May 7, 2024
Artificial Intelligence Aramco leads the pack in oil and gas AI investments Saudi Aramco invested around $3.5 billion in research and development last year and leads in adopting artificial intelligence, as it rivals its regional peers in the adoption of new technology. The world’s largest energy company was active in more than 250 areas, such as AI, drones, robotics, electric vehicles and hydrogen technology, a GlobalData report […] May 6, 2024
Artificial Intelligence Presight takes majority stake in Adnoc-G42 AI venture The data analytics company Presight is acquiring a majority stake in AIQ, a joint venture between Abu Dhabi National Oil Company (Adnoc) and G42. Under the agreement, Presight, an Abu Dhabi-listed company, will own 51 percent of AIQ, with Adnoc keeping the remaining 49 percent, a statement released on Wednesday said. Previously, G42 held 40 […] May 2, 2024
Mining Manara takes a $2.5bn stake in Brazilian mining giant Manara Minerals, a joint venture between Saudi Arabian Mining Co (Maaden) and the sovereign Public Investment Fund (PIF), has completed a $2.5 billion deal to acquire a stake in a subsidiary of Brazilian giant Vale. Maaden said in a filing to the Saudi Exchange that it has acquired 10 percent of Vale Base Metals Limited […] May 1, 2024
Business of Sport Saudi Aramco signs up with Fifa as World Cup sponsor Saudi Aramco, the world’s largest oil producer, has signed a four-year global partnership with international football association Fifa. The energy giant will become Fifa’s major worldwide partner with sponsorship rights for multiple events, including the Fifa World Cup 26, co-hosted by the United States, Canada and Mexico and the Fifa Women’s World Cup 2027. The value […] April 26, 2024
Oil & Gas Aramco targets another petrochemical company in China Saudi Aramco has begun talks to acquire a 10 percent stake in Hengli Petrochemical Company, owner of a 400,000 barrel a day refinery and chemicals complex in Liaoning, north-east China. Hengli Petrochemical, a subsidiary of Hengli Group, also operates plants and production facilities in Jiangsu and Guangdong provinces. The kingdom’s state-owned oil company is looking […] April 23, 2024
Opinion Finance I have seen the future and it’s ICD Brookfield Place Abu Dhabi and Riyadh also know a good thing when they see it April 12, 2024
Analysis Renewable Energy Lithium’s highs and lows – and what they mean for the Gulf For one of the world’s most critical minerals, the past two years have been the best of times and the worst of times. First, lithium prices shot skywards, hitting around $80,000 per metric tonne in 2022 amid fears that global supply would not meet demand. Then, in just a year, the soft, silvery-white metal lost […] April 12, 2024
