Saudi Aramco – Energy Northern Perspective

DATUM compressors offer maximum performance for all pressure and flow applications

Siemens compressors selected for gas reservoir storage project with Saudi Aramco

31 July 2020 Editor 0

Siemens Energy has been selected to provide centrifugal compressor systems for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage (HUGRS) project. The plant includes a gas injection facility with a capacity of 1,500 million standard cubic […]

Saudi Aramco president and chief executive officer, Amin H. Nasser (photo: Saudi Aramco)

Saudi Aramco CEO Amin Nasser to receive 2020 Kavaler Award

27 July 2020 Editor 0

The Chemists’ Club Kavaler Award, sponsored by ICIS, will be presented to Amin Nasser, president and CEO of Saudi Aramco, for outstanding achievement as voted on and recognised by his peers in the ICIS Top […]

Aramco completes its acquisition of a 70% stake in SABIC

18 June 2020 Editor 0

Aramco has announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a […]

Planned E&P capex cuts by major oil players for 2020, as of 5 April (source: Rystad Energy research and analysis)

Offshore drillers to see contract cancellations of up to USD 3 billion until 2021, many to need restructuring

10 April 2020 Editor 0

The COVID-19 epidemic and the ongoing oil price war have ravaged global energy markets during the last 2 months, and offshore drilling in particular is among the most affected industry segments. A Rystad Energy impact […]

Global E&P investments by supply segment (source: Rystad Energy UCube)

Global E&P capex will reach at least a 13-year low in 2020 as COVID-19 and price war persist

31 March 2020 Editor 0

Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to drop by up to USD 100 billion this year, about 17% versus 2019 levels, under Rystad Energy’s updated base case scenario of […]

Geismar, Louisiana, has an annual production capacity of 2 million tonnes of methanol and is a key contributor to Methanex’s global supply chain

Chemical and oil companies to slash capex, slowing investment wave

26 March 2020 Editor 0

In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all slash capital spending (capex) for growth projects to preserve cash. As a result, […]

Specialising in the design, engineering and manufacture of a range of innovative well construction, well completion, and casing recovery products, Deep Casing Tools delivers simple innovation across the well life cycle

Turbo-charged growth for Deep Casing Tools

2 March 2020 Editor 0

Oil and gas technology development company, Deep Casing Tools (DCT), increased turnover by 120% in 2019 after strategic growth plans saw the company expand its headcount and footprint in key international regions. In-line with global […]

McDermott is building a state-of-the-art facility spanning 1.2 million square metres that will include offices, pre-fabrication shops, blasting and painting shops and large assembly shops capable of fabricating platforms and modules for both offshore and onshore projects

McDermott breaks ground at fabrication facility under development in Saudi Arabia

26 February 2020 Editor 0

Saudi Aramco and McDermott have reached a significant milestone with McDermott breaking ground on its new fabrication facility within the King Salman International Complex for Maritime Industries and Services in Ras Al-Khair, Saudi Arabia. The […]

ORBIT rising stem ball valve (illustration: Schlumberger)

Schlumberger opens manufacturing center in King Salman Energy Park

25 February 2020 Editor 0

Schlumberger has announced the opening of a world-class manufacturing center in King Salman Energy Park (SPARK) that supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program to promote economic growth. The center will manufacture well […]

Tom Siebel, Chairman and CEO of C3.ai opened a day of technology focused themes

Baker Hughes’ Energy Forward: transformational technologies

7 February 2020 Michael Rogers 1

Day two of Baker Hughes’ annual meeting in Florence, Italy, explored a number of technologies that are already transforming how the oil and gas industry is moving into the future. First off was Tom Siebel, […]