#Saudi Aramco
11 articles with this tag
EconomySaudi Aramco Achieves 34% Profit Surge in Q3 Amidst Infrastructure Attacks
Saudi Aramco reported a 34% increase in third-quarter net income, reaching $36.25 billion, despite facing disruptions and attacks on its energy infrastructure. The company highlighted its system's flexibility in ensuring reliable customer delivery.
EconomyNMDC Energy Secures $763 Million in Offshore Projects from Saudi Aramco
Abu Dhabi's NMDC Energy has secured new offshore EPC projects worth $763 million from Saudi Aramco, expected to be completed within 18-23 months. This adds to the company's substantial project backlog and recent financial performance.
Breaking NewsDrone Attack on Saudi Oilfield Kills Two, Prompts US Evacuation Order
A drone interception in Saudi Arabia resulted in two fatalities and two injuries after falling debris hit near a Saudi Aramco oilfield. The incident prompted the US State Department to order non-essential personnel and their families to leave the kingdom.
Breaking NewsHouthi Strikes Target Saudi Aramco and Oil Sites Amid Escalating Yemen Conflict
A strike caused a small fire at a Saudi Aramco building in Dhahran with no reported injuries, following Houthi warnings to evacuate oil sites. The Saudi-led coalition has retaliated with strikes on Houthi targets in Yemen.
EconomySaudi Aramco Cuts Asian Crude Prices to Six-Year Low Amid Rebounding Oil Flows
Saudi Aramco has reduced its Arab Light crude prices for Asian buyers to a six-year low, offering a $5-per-barrel discount for November to boost sales as Middle East oil shipments recover.
EconomySaudi Arabia Relieves Asian Oil Markets with Massive 100 Million Barrel Sale
Saudi Arabia has sold nearly 100 million barrels of oil to Asian buyers in a week to avert a supply crunch, routing shipments through the Strait of Hormuz as pipeline repairs continue.
EconomyGlobal Oil Prices Drop Below $100 Amid Hopes of Strait of Hormuz Reopening and Saudi Pipeline Restart
Oil prices dropped below $100 a barrel as expectations grew for the reopening of the Strait of Hormuz and the restart of Saudi Arabia's East-West pipeline.
PoliticsFrance and Saudi Arabia Urge Safe Navigation in Strait of Amid Regional Tensions
French President Emmanuel Macron and Saudi Crown Prince Mohammed Bin Salman concluded a two-day Paris visit with a joint call to restore normal navigation in the Strait of Hormuz and signed multiple bilateral agreements.
EconomyMacron and Saudi Crown Prince to Focus on Oil Pipelines Bypassing Strait of Hormuz
French President Emmanuel Macron and Saudi Crown Prince Mohammed Bin Salman are set to discuss expanding alternative oil pipelines to bypass the closed Strait of Hormuz during talks in Paris.
TechnologyNew Heat-Sensing Satellites Track Oil Pipeline Damage and Energy Infrastructure in Real-Time
New high-resolution heat-sensing satellites from British start-up SatVu are enabling near real-time tracking of oil pipeline damage, operational changes, and environmental conditions across the Gulf region.
EconomySaudi Aramco and Maaden Join Forces to Unlock $2.5 Trillion in Mineral Wealth
Saudi Aramco and Maaden have formed a joint venture to explore critical minerals across a 182,000-square-kilometre area, supporting Saudi Arabia's goals to diversify its economy and tap into $2.5 trillion of mineral wealth.