Aramco, one of the world’s leading integrated energy and chemicals companies, has announced 17 memoranda of understanding (MoUs) and agreements with a potential total value of more than $30 billion with major companies in the US, through its Aramco Group Companies.
Baker Hughes has announced that it has secured a multi-year contract along with China Petroleum Engineering & Construction for the MGS project of Saudi oil giant Aramco. The work involves deployment of asset performance management suite across four booster gas compression stations (BGCS) in the kingdom.
Abdul Hameed Al-Dughaither, Aramco Executive Vice President of EXPEC & Drilling, emphasised the transformative role of geomechanics coupled with artificial intelligence (AI) and automation in advancing drilling, production, reservoir management practices, and the mining industry.
Senior Aramco executives have highlighted the transformational potential of artificial intelligence (AI), its role in overcoming long-established issues related to corrosion — and possibilities it presents for developing innovative new materials on an industrial scale.
Saudi oil giant Aramco has announced that one of its key units has acquired a 49% stake in Humain, an artificial intelligence company owned by the kingdom’s sovereign wealth fund PIF, in a deal aimed at accelerating the company’s growth and its plan to deploy 3 gigawatts of AI data centre capacity by 2030.
Aramco has advanced its strategic downstream expansion with the acquisition of an additional 22.5 per cent stake in Rabigh Refining and Petrochemical Company (Petro Rabigh) from Sumitomo Chemical Corporation (Sumitomo) for $702 million (SAR 7 per share).
National Energy Services Reunited (NESR) announced that its business segment, NESR Environmental and Decarbonization Applications (NEDA), has entered into an agreement with Aramco to execute the Aramco 2027 Lithium Demonstration Project in Saudi Arabia.
Global oil inventories have depleted to "scarily thin" levels, and rebuilding the world's energy buffers could take up to two years once vital shipping lanes reopen, Saudi Aramco President and CEO Amin Nasser warned Monday.
KBR has secured a project from Aramco to support the upgrade of facilities across the Marjan offshore field in the Arabian Gulf. Under the contract, KBR will provide engineering and project execution services for key offshore processing, gas compression and power infrastructure.
Amin Nasser, Aramco President and CEO, has called for closer coordination among governments, energy suppliers and customers to strengthen global energy resilience and better withstand geopolitical disruptions.
