Company Insights Saudi Aramco Oil & Gas Saudi Aramco News Energy Aramco will complete Valvoline unit buyout by early 2023 Saudi Arabian Oil Company (Aramco) plans to complete the acquisition of Valvoline Global Products (VGP) by early 2023, Arab News reported, citing its downstream senior vice president Mohammed Y. Al-Qahtani. In August, the company signed a SAR 9.9 billion ($2.65 billion) equity purchase agreement to acquire the US-based company. Al-Qahtani said Aramco would expand its […] August 21, 2022 Analysis Energy Oil firms ride high but sector braces for more ‘realistic’ prices The Middle East’s oil and gas sector will remain buoyant into 2023, even as global oil prices become more “realistic” after surpassing a 15-year high of $123 per barrel in March, according to analysts. Oil prices hovered just below $90 per barrel on Tuesday, having gradually come down from $100/barrel at the end of July […] August 16, 2022 Opinion Energy The answer to OPEC’s investment dilemma is in its own hands OPEC members worried about 'years of underinvestment' have a choice: open up to more international partners or increase their oil output August 15, 2022 Energy Aramco’s Nasser: a homegrown engineer who reached the top At an industry event this year in Riyadh, the Saudi energy minister paused at about 9pm in front of some 1,000 people and told them it was bedtime for Amin Nasser, the chief executive of state-owned oil producer Saudi Aramco. He was not joking. Over a career of four decades, Nasser has earned a reputation […] August 15, 2022 Energy Aramco posts record earnings and predicts robust oil demand to 2030 The Saudi Arabian Oil Company, better known as Aramco, has set a new quarterly earnings record since its initial public offering in 2019, primarily driven by higher crude oil prices and volumes sold and higher refining margins. The energy giant posted a 90 percent year-on-year increase in net income and declared a dividend of $18.8 […] August 15, 2022 Economy China unclear on report that President Xi is to visit Saudi Arabia A Chinese foreign ministry spokesperson told Reuters on Thursday that he had no information to offer at the moment when asked to comment on a media report that President Xi Jinping will visit Saudi Arabia next week. The Guardian in the UK reported on Thursday that plans are underway in Saudi Arabia for a gala […] August 11, 2022 Energy Dubai utility DEWA’s Q2 profit up 37% on growing energy demand Dubai Electricity and Water Authority (DEWA) reported a net profit of AED 2.61 billion ($707.9 million), up 37 percent year-on-year, in the second quarter of 2022 on higher energy demand. Revenue rose 14 percent year-on-year to AED 7.01 billion during the three month period ended June 30, 2022. The utility provider’s first half of 2022 […] August 11, 2022 Energy Aramco partners with Chinese giant for projects in Saudi Saudi Arabian Oil Company (Aramco) on Wednesday signed an agreement with China Petroleum and Chemical Corporation (Sinopec) to develop projects in the kingdom, underscoring the strong investment links between the two countries. The Memorandum of Understanding (MoU) covered a number of areas including potential collaborations across upstream and downstream businesses, engineering and construction, oilfield services, […] August 4, 2022 Energy Aramco buys Valvoline unit for $2.6bn The Saudi Arabian Oil Company, better known as Aramco, has announced the signing of an equity purchase agreement to acquire the global products business of US-based Valvoline Inc for $2.65 billion. Valvoline Global Products (VGP) is an independent producer and distributor of premium branded automotive, commercial and industrial lubricants and automotive chemicals. Aramco said it […] August 2, 2022 Analysis Development Middle East nets half of China’s Belt and Road funding The Middle East received the largest share of China’s $28.4 billion investments through its Belt and Road Initiative (BRI) during the first half of 2022, with Saudi Arabia the single biggest recipient. The BRI was launched by Chinese president Xi Jinping in October 2013. Over the last nine years a total of $932 billion has […] July 27, 2022 Posts navigation Previous 1 … 48 49 50 … 52 Next
Energy Aramco will complete Valvoline unit buyout by early 2023 Saudi Arabian Oil Company (Aramco) plans to complete the acquisition of Valvoline Global Products (VGP) by early 2023, Arab News reported, citing its downstream senior vice president Mohammed Y. Al-Qahtani. In August, the company signed a SAR 9.9 billion ($2.65 billion) equity purchase agreement to acquire the US-based company. Al-Qahtani said Aramco would expand its […] August 21, 2022
Analysis Energy Oil firms ride high but sector braces for more ‘realistic’ prices The Middle East’s oil and gas sector will remain buoyant into 2023, even as global oil prices become more “realistic” after surpassing a 15-year high of $123 per barrel in March, according to analysts. Oil prices hovered just below $90 per barrel on Tuesday, having gradually come down from $100/barrel at the end of July […] August 16, 2022
Opinion Energy The answer to OPEC’s investment dilemma is in its own hands OPEC members worried about 'years of underinvestment' have a choice: open up to more international partners or increase their oil output August 15, 2022
Energy Aramco’s Nasser: a homegrown engineer who reached the top At an industry event this year in Riyadh, the Saudi energy minister paused at about 9pm in front of some 1,000 people and told them it was bedtime for Amin Nasser, the chief executive of state-owned oil producer Saudi Aramco. He was not joking. Over a career of four decades, Nasser has earned a reputation […] August 15, 2022
Energy Aramco posts record earnings and predicts robust oil demand to 2030 The Saudi Arabian Oil Company, better known as Aramco, has set a new quarterly earnings record since its initial public offering in 2019, primarily driven by higher crude oil prices and volumes sold and higher refining margins. The energy giant posted a 90 percent year-on-year increase in net income and declared a dividend of $18.8 […] August 15, 2022
Economy China unclear on report that President Xi is to visit Saudi Arabia A Chinese foreign ministry spokesperson told Reuters on Thursday that he had no information to offer at the moment when asked to comment on a media report that President Xi Jinping will visit Saudi Arabia next week. The Guardian in the UK reported on Thursday that plans are underway in Saudi Arabia for a gala […] August 11, 2022
Energy Dubai utility DEWA’s Q2 profit up 37% on growing energy demand Dubai Electricity and Water Authority (DEWA) reported a net profit of AED 2.61 billion ($707.9 million), up 37 percent year-on-year, in the second quarter of 2022 on higher energy demand. Revenue rose 14 percent year-on-year to AED 7.01 billion during the three month period ended June 30, 2022. The utility provider’s first half of 2022 […] August 11, 2022
Energy Aramco partners with Chinese giant for projects in Saudi Saudi Arabian Oil Company (Aramco) on Wednesday signed an agreement with China Petroleum and Chemical Corporation (Sinopec) to develop projects in the kingdom, underscoring the strong investment links between the two countries. The Memorandum of Understanding (MoU) covered a number of areas including potential collaborations across upstream and downstream businesses, engineering and construction, oilfield services, […] August 4, 2022
Energy Aramco buys Valvoline unit for $2.6bn The Saudi Arabian Oil Company, better known as Aramco, has announced the signing of an equity purchase agreement to acquire the global products business of US-based Valvoline Inc for $2.65 billion. Valvoline Global Products (VGP) is an independent producer and distributor of premium branded automotive, commercial and industrial lubricants and automotive chemicals. Aramco said it […] August 2, 2022
Analysis Development Middle East nets half of China’s Belt and Road funding The Middle East received the largest share of China’s $28.4 billion investments through its Belt and Road Initiative (BRI) during the first half of 2022, with Saudi Arabia the single biggest recipient. The BRI was launched by Chinese president Xi Jinping in October 2013. Over the last nine years a total of $932 billion has […] July 27, 2022
