Tagged With Saudi Aramco
Riyadh doubles down on Chinese downstream partnership
16 January 2023
A flurry of petchems co-investments reflects Aramco’s drive to preserve long-term market share in both crude and its products
Oman enters 2023 on a high
5 January 2023
International commitments to its expanding petchems and LNG industries are a huge boon
Aramco pushes crude-to-chemicals frontiers
8 December 2022
A trio of major project announcements signal the Saudi heavyweight’s renewed focus on maximising petchems yield
Aramco windfall trickles downstream
10 November 2022
Refining, petchems and distribution businesses are feeling the investment impact of sustained oil market strength
Future-proofing Aramco
16 August 2022
Record profits allow for investment drive not just in the upstream but also the downstream and in lower-carbon
Reading too much into the Saudi capacity ceiling
1 August 2022
MbS almost certainly did not mean what oil bulls have convinced themselves he did
Gulf’s oil heavyweights shop local
19 July 2022
Aramco and Adnoc are channelling windfall oil revenues into furthering their government owners’ domestic economic development drives
Aramco hits fresh financial highs
17 May 2022
The Saudi oil behemoth is funnelling record earnings into domestic upstream
Aramco ready to splash cash upstream
25 March 2022
Soaring annual profits to be channelled into unapologetic expansion of output capacity
Aramco pursues downstream agenda
2 March 2022
The Saudi titan’s renewed plans to lock in demand through downstream developments coincide with consumers seeking to guarantee supply
PKN springs surprise among divestment buyers
14 January 2022
The Polish refiner strikes deals to meet conditions of its Grupa Lotos takeover, including with a non-regional player
Aramco opens wallet
10 January 2022
Soaring revenues have enabled awards on two flagship upstream projects as efforts to recycle the windfall in-Kingdom intensify
Letter from the Middle East: Gas businesses see swift evolution
7 December 2021
Self-sufficiency targets and opportunities to shift to renewables are driving big upsurge in gas production
Aramco back to petchems drawing board
3 December 2021
The Saudi heavyweight’s international downstream expansion strategy will need another reboot
Aramco’s domestic petchems path remains bumpy
2 December 2021
The firm still faces challenges balancing economics with politics
Aramco resumes upstream action
11 May 2021
Oil market recovery is financing a cautious renewal of spending on core domestic projects
Aramco rolls with the Covid punches
23 March 2021
The Saudi heavyweight posts an eye-watering drop in profits but pays its dividends and remains in the black
Letter from the Middle East: Selling off the family silver
24 September 2020
Auctioning minority stakes in NOCs’ assets may fill short-term budget holes, but they are no guarantee of long-term change
Aramco reassesses priorities
1 September 2020
An income squeeze is forcing upstream delays and a reappraisal of the company’s downstream portfolio
Aramco advances plan to lease out pipelines
5 August 2020
The cash-strapped Saudi NOC is looking to replicate the recent divestment success of its Emirati counterpart Adnoc
Saudi Aramco pins its hopes on petchems
23 July 2020
The NOC heavyweight wants to the biggest of beasts in the petrochemicals world too
Gulf NOCs bank on chemical cure
21 July 2020
The current oil market slump validates the increasing focus of the Gulf’s main upstream producers on petrochemicals
Saudi Arabia’s pyrrhic oil war triumph
24 April 2020
The kingdom may consider it has prevailed over Russia and US shale producers in the short-term, but its longer-term prospects are clouded in uncertainty
Aramco’s upstream comes into focus
20 March 2020
Saudi heavyweight must achieve ambitious government pledge despite revenues feeling the squeeze
Aramco's Jafurah shale gas faces obstacles
12 March 2020
Water scarcity and a lack of transport infrastructure work against the recovery of gas from the shale field. Once overcome, its output may be better suited to displacing crude domestically than for LNG exports
Saudi production hike heading for Asia
9 March 2020
Riyadh’s plan to boost market share by unleashing a tidal wave of crude onto the Asian market would be a boon for local refiners as the region recovers from Covid-19
Sub-$30 Brent looming on Opec+ tension
9 March 2020
Wide differences in strategy, breakeven prices and national finances all contributed to failure to agree production cuts in face of US shale competition and sagging demand
Opec+ deal failure sends oil spiraling
9 March 2020
Brent price falls from $45/bl to $25/bl in early trade, before partial recovery to $36/bl at 10am, as production surge threatened amid weak demand
The rise of the Mid-East 'INOC'
6 March 2020
State-controlled Mid-East Gulf oil and gas firms are evolving in a changing world
Saudi gas drive goes unconventional
11 February 2020
Aramco’s gas development is stepping up a gear after several false starts
A long way to go for Aramco
14 January 2020
The successful initial domestic listing of Saudi Aramco cannot disguise potential challenges—not least security and geopolitical threats—facing the IPO further down the line
Saudi Arabia’s bear hug
10 January 2020
The kingdom is strengthening its ties with Russia as it nervously watches US political developments
Saudi oil diversification hits turbulence
1 December 2019
Vision 2030 spearhead PIF damaged by high profile investment setbacks at key MbS ally Softbank
Aramco rethinks downstream priorities
22 November 2019
Riyadh's stuttering attempt to attract international investors to state oil firm Saudi Aramco's chimeric initial public offering (IPO) is forcing a re-evaluation of downstream projects
Aramco IPO part of a bigger plan
15 November 2019
The Saudi state-owned producer is aiming for a formidable network of midstream and downstream assets
Domestic only—the key aspect of Aramco IPO
6 November 2019
The state energy giant’s decision to proceed with a share sale is no surprise, but the lack of an international listing is a crucial point
Oil and trouble in the Gulf
24 October 2019
Gulf producers learn that regional instability no longer guarantees high oil prices
Putin re-energises Russia’s Mid-East Gulf ties
21 October 2019
The deals thus far are mostly modest, but the Russian president’s Gulf visit laid the ground for wider cooperation
Saudi Arabia picks up the pieces
27 September 2019
Saudi Arabia faces a variety of challenges emanating from the attacks on its oil installations
Saudi Arabia in the firing line
23 September 2019
The oil facility attacks highlight potentially fatal vulnerabilities in Saudi Arabia’s critical infrastructure
M&A and NOCs to change LNG world
20 September 2019
Portfolio players and vertically integrated firms are transforming the way the industry operates
Iran seeks to read Trump's mind
16 September 2019
The devastating attacks on Saudi Arabia's oil sector have left the kingdom and its allies dazed
Prince Abdel Aziz takes the Saudi energy helm
9 September 2019
A new ministerial appointment may indicate growing Saudi impatience with its Opec+ allies
Falih moved aside as Aramco IPO looms
5 September 2019
Saudi oil giant's chairman exits as preparations for a partial sell-off limber up
More bad signs for MbS
30 August 2019
Sub-$60/bl Brent, a rising budget deficit, soft foreign direct investment and subdued growth in the non-oil sector all drag on Vision 2030
Aramco sends off IPO signals
13 August 2019
The company boosts key investor metrics, suggesting it has renewed its appetite for an IPO
Plenty more to come from Saudi Aramco
27 June 2019
Saudi Aramco’s mammoth $12bn global bond offering allowed a glimpse into its treasure chest for the first time
Saudi Arabian crude inventories sink to historic low
20 June 2019
Riyadh’s production cuts to support the oil price have caused domestic stocks to plummet
Saudi Aramco allows sneak peek into its finances
20 June 2019
The company's mammoth $12bn global bond offering allowed a glimpse into its treasure chest for the first time
The long road to the rig
11 June 2019
New entrants to Aramco’s upstream arm are trained to be multi-skilled
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