Company Insights Saudi Aramco Oil & Gas Saudi Aramco News Analysis Energy Ukraine war brings oil and gas underinvestment into sharp focus Oil and gas companies have slashed capital expenditure since a 2014 price crash and underinvestment will likely persist, despite the sector’s record profits this year, industry experts have warned. Saudi Aramco’s second-quarter net income of $48.4 billion was its largest since going public in 2019. ExxonMobil and Chevron and many other international oil companies also […] October 28, 2022 Analysis Energy Aramco, Adnoc and the long road to decarbonisation As some of the world’s biggest carbon emitters, the Gulf’s national oil companies have come under considerable scrutiny in recent years. Several are now ramping up their decarbonisation efforts in response to the deepening climate crisis and tougher targets for environmental, social, and corporate governance. In October last year Saudi Aramco, the world’s largest oil-exporting […] October 28, 2022 Banking & Finance PIF launches regional entities to invest $24bn in multiple sectors Saudi Arabia’s Public Investment Fund (PIF) plans to set up five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, crown prince and fund chairman Mohammed bin Salman said in a statement. The announcement, made on the second day of Riyadh’s flagship Future Investment Initiative (FII) conference, comes after the PIF established an investment […] October 27, 2022 Sustainability Aramco unveils $1.5bn sustainability fund Saudi Aramco has announced the creation of a $1.5 billion Sustainability Fund to invest in technology to support energy transition. Unveiled at the Future Investment Initiative currently taking place in Riyadh, Aramco said it is among the largest sustainability-focused venture capital funds globally. Managed by Aramco Ventures, its venture capital arm, the Sustainability Fund is […] October 26, 2022 Analysis GCC and South Korea kick off fresh round of trade talks The sixth round of trade talks between the GCC and South Korea has started in Seoul. The negotiations began on Monday and are scheduled to run until Friday. The two sides resumed talks on a free trade agreement earlier this year, following a 13-year hiatus. The agenda for the sixth round includes goods and services, […] October 25, 2022 Energy Saudi Arabia and China discuss stability of global oil market Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman and China’s National Energy Administrator Zhang Jianhua have agreed to work jointly to support the stability of the international oil market, state-owned Saudi Press Agency (SPA) reported. The officials agreed to continue close communication and strengthen co-operation to address emerging risks and challenges, the report said, […] October 23, 2022 Energy Saudi Aramco’s trading unit said to list on Tadawul by early 2023 Saudi Aramco is working with advisers for a possible listing of Aramco Trading, its energy-trading business, on the Saudi Exchange (Tadawul) by year-end or early 2023, Bloomberg reported, citing sources. The Saudi-listed oil company is adding more banks to the IPO, which could value the unit at more than $30 billion. In May, the news […] October 20, 2022 Manufacturing Aramco to build two offshore fabrication yards in Ras Al Khair Saudi Arabian Oil Company will establish two offshore fabrication yards with international partners – National Petroleum Construction Company (NPCC) and McDermott International – to boost Saudi Arabia’s offshore fabrication capacity. The new yards, constructed in Ras Al Khair, are expected to fabricate and assemble offshore platforms, jackets and structures for subsea pipelines, the company said in […] October 18, 2022 Energy Aramco warns China reopening will wipe out spare oil reserves The spare capacity of oil-producing nations will be wiped out the moment China ends its ‘zero-COVID strategy’, Saudi newsapper Arab News reported, citing Saudi Aramco president and CEO Amin Nasser. The spare capacity stands at 1.5 percent of global demand, he said at the Energy Intelligence Forum in London, adding this will be used up […] October 5, 2022 Tech Saudi tech firm wins funding to ‘shape the future of HR’ Elevatus, a Saudi-based technology company specialising in video interviewing and recruitment software for the human resources sector, is looking to enter new markets after a $10.5 million Series A fundraising. The HR tech provider aims to accelerate its business expansion and its market share by investing in product innovation, its co-founder and CEO Yara Burgan […] October 3, 2022 Posts navigation Previous 1 … 46 47 48 … 52 Next
Analysis Energy Ukraine war brings oil and gas underinvestment into sharp focus Oil and gas companies have slashed capital expenditure since a 2014 price crash and underinvestment will likely persist, despite the sector’s record profits this year, industry experts have warned. Saudi Aramco’s second-quarter net income of $48.4 billion was its largest since going public in 2019. ExxonMobil and Chevron and many other international oil companies also […] October 28, 2022
Analysis Energy Aramco, Adnoc and the long road to decarbonisation As some of the world’s biggest carbon emitters, the Gulf’s national oil companies have come under considerable scrutiny in recent years. Several are now ramping up their decarbonisation efforts in response to the deepening climate crisis and tougher targets for environmental, social, and corporate governance. In October last year Saudi Aramco, the world’s largest oil-exporting […] October 28, 2022
Banking & Finance PIF launches regional entities to invest $24bn in multiple sectors Saudi Arabia’s Public Investment Fund (PIF) plans to set up five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, crown prince and fund chairman Mohammed bin Salman said in a statement. The announcement, made on the second day of Riyadh’s flagship Future Investment Initiative (FII) conference, comes after the PIF established an investment […] October 27, 2022
Sustainability Aramco unveils $1.5bn sustainability fund Saudi Aramco has announced the creation of a $1.5 billion Sustainability Fund to invest in technology to support energy transition. Unveiled at the Future Investment Initiative currently taking place in Riyadh, Aramco said it is among the largest sustainability-focused venture capital funds globally. Managed by Aramco Ventures, its venture capital arm, the Sustainability Fund is […] October 26, 2022
Analysis GCC and South Korea kick off fresh round of trade talks The sixth round of trade talks between the GCC and South Korea has started in Seoul. The negotiations began on Monday and are scheduled to run until Friday. The two sides resumed talks on a free trade agreement earlier this year, following a 13-year hiatus. The agenda for the sixth round includes goods and services, […] October 25, 2022
Energy Saudi Arabia and China discuss stability of global oil market Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman and China’s National Energy Administrator Zhang Jianhua have agreed to work jointly to support the stability of the international oil market, state-owned Saudi Press Agency (SPA) reported. The officials agreed to continue close communication and strengthen co-operation to address emerging risks and challenges, the report said, […] October 23, 2022
Energy Saudi Aramco’s trading unit said to list on Tadawul by early 2023 Saudi Aramco is working with advisers for a possible listing of Aramco Trading, its energy-trading business, on the Saudi Exchange (Tadawul) by year-end or early 2023, Bloomberg reported, citing sources. The Saudi-listed oil company is adding more banks to the IPO, which could value the unit at more than $30 billion. In May, the news […] October 20, 2022
Manufacturing Aramco to build two offshore fabrication yards in Ras Al Khair Saudi Arabian Oil Company will establish two offshore fabrication yards with international partners – National Petroleum Construction Company (NPCC) and McDermott International – to boost Saudi Arabia’s offshore fabrication capacity. The new yards, constructed in Ras Al Khair, are expected to fabricate and assemble offshore platforms, jackets and structures for subsea pipelines, the company said in […] October 18, 2022
Energy Aramco warns China reopening will wipe out spare oil reserves The spare capacity of oil-producing nations will be wiped out the moment China ends its ‘zero-COVID strategy’, Saudi newsapper Arab News reported, citing Saudi Aramco president and CEO Amin Nasser. The spare capacity stands at 1.5 percent of global demand, he said at the Energy Intelligence Forum in London, adding this will be used up […] October 5, 2022
Tech Saudi tech firm wins funding to ‘shape the future of HR’ Elevatus, a Saudi-based technology company specialising in video interviewing and recruitment software for the human resources sector, is looking to enter new markets after a $10.5 million Series A fundraising. The HR tech provider aims to accelerate its business expansion and its market share by investing in product innovation, its co-founder and CEO Yara Burgan […] October 3, 2022
