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The Latest Breaking News from Aramco

Why F1 has held back on "unfair" early sustainable fuel switch

Formula 1 has nailed its flag to the mast in mapping out a long-term future revolving around hybrid engines running on fully sustainable fuels.

Autosport

Saudi Arabia Leads Regional AI through Laboratory, Global Development Corridor

Saudi Arabia hosted the second edition of the Global AI Summit under the patronage of Crown Prince Mohammad bin Salman bin Abdulaziz, who also chairs the Board of Directors of the Saudi Authority for Data and Artificial Intelligence (SDAIA). During the summit, the Saudi Company for Artificial Intelligence (SCAI) announced…

Asharq Al-Awsat

F2, F3 to run with 55% sustainable fuels from 2023 season

Formula 2 and Formula 3 are set to partner with Aramco to pioneer sustainable fuels from 2023.

Motorsport

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Formula 2 and 3 to pioneer sustainable fuels from 2023 season

Formula 2 and Formula 3 are set to partner with Aramco to pioneer sustainable fuels from 2023 to help reach Formula 1's overall sustainability targets for 2026 and beyond.

Autosport

Report: Aramco Team Series event headed to Trump Golf Links at Ferry Point

The event is scheduled for October 13-15.

USA Today Sports Media Group

Mayor's office allows Trump's company to host Saudi-tied golf tournament in NYC

NEW YORK — Former President Donald Trump’s company has gotten the green light to host a golf tournament in the Bronx sponsored by the Saudi Arabian government, infuriating relatives of 9/11 victims already fuming over a similar event held at a Trump course in neighboring New Jersey last month.

Tribune News Service

Saudi Aramco profits soar by 90% as energy prices rise

The $48bn figure from world’s biggest oil firm is thought to be one of largest quarterly profits in history

The Guardian - UK

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Your price at the pump went up. So did Saudi Aramco's profits — to a new record

Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.

WEKU

High oil prices help Saudi Aramco earn $88B in first half

Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion as oil prices remain high globally

The Independent UK

Saudi Aramco Profit Soars on Higher Prices and Refining Margins

Saudi Arabian state oil producer Aramco reported a 90% rise in second-quarter profit on Sunday, boosted by higher oil prices, volumes sold and refining margins.

Asharq Al-Awsat

KAUST President to Asharq Al-Awsat: We Are Extracting Lithium from Sea Water to Make Batteries

Professor Tony Chan, President of King Abdullah University of Science and Technology (KAUST), revealed tangible success in transforming research and studies conducted at the university into real-world inventions. This led to the inclusion of KAUST on the list of research universities that were able to export technology outside its geographical…

Asharq Al-Awsat

Aramco and SABIC Agri-Nutrients Receive World’s First TÜV Certificate of Accreditation for ‘Blue’ Hydrogen, Ammonia Products

Aramco and the SABIC Agri-Nutrients Company (“SABIC AN”), have obtained the world’s first independent certifications recognizing “blue” hydrogen and ammonia production, Aramco said in a statement on Thursday. The certifications were granted by TÜV Rheinland, a leading independent testing, inspection and certification agency based in Germany, to SABIC AN, in…

Asharq Al-Awsat

Saudi Arabia raises oil prices for Asia to record levels

Saudi Arabia raised oil prices for buyers in Asia to record levels, a sign the world’s largest exporter sees the region’s market remaining tight.

Bangkok Post

Aramco, Sinopec Sign New MoU

Aramco and China's oil refiner Sinopec signed a Memorandum of Understanding on Wednesday in Riyadh for multiple potential collaborations in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and…

Asharq Al-Awsat

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USA Today Sports Media Group

Greg Norman confirms LIV Golf offered Tiger Woods $700-$800 million to join Saudi-backed league

"Tiger is a needle-mover, right? So, of course, you are going to look at the best of the best."

Asharq Al-Awsat

Aramco Agrees to Acquire Valvoline’s Global Products Business

Saudi Aramco announced on Monday the signing of an equity purchase agreement to acquire Valvoline Inc. global products business (“Valvoline Global Products” or “VGP”) for US$2.65 billion. The transaction is subject to certain customary adjustments set forth in the equity purchase agreement. Valvoline Global Products is a leading worldwide independent…

The Independent UK

Valvoline to sell its global products arm to Saudi's Aramco

Saudi Aramco has announced a $2.65 billion agreement to acquire Valvoline’s global products business, which includes motor oils, transmission fluids, coolants and other automotive maintenance products

The Times of India

Asia’s richest men prep for battle as Gautam Adani enters Mukesh Ambani’s turf

MUMBAI: In June, Indian billionaire Mukesh Ambani and his aides ran into an unexpected dilemma when debating where to train the dealmaking lens of his empire next.

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The National (Scotland)

Energy secretary flown around Saudi Arabia by oil firm 'shows UK's hypocrisy'

Kwarteng was flown to various cities in the Saudi kingdom by majority state-owned oil firm Aramco

USA Today Sports Media Group

Greg Norman sees a women’s LIV Golf league in the future. But how many would jump?

"The opportunity is there," Greg Norman said about starting a women's LIV Golf league. But how many on the LPGA would jump to a potential new league?

Reuters

Timeline: U.S.-Saudi ties through good times and bad

U.S. President Joe Biden visits Saudi Arabia at a rocky time in relations, which have been tested by the killing of Washington Post journalist Jamal Khashoggi and the Yemen war.

Asharq Al-Awsat

Aramco Expands Namaat Industrial Investment Programs

Saudi Aramco announced on Tuesday a major expansion of its Namaat industrial investment programs, with 55 agreements and Memoranda of Understanding (MoUs) across the sustainability, digital, industrial, manufacturing and social innovation sectors. Namaat, which has grown from 32 to 55 investments since last year, supports industrial investment partnerships, helping to…

Asharq Al-Awsat

Saudi Aramco, Cognite Join Forces in New Data Venture

Saudi Aramco and Cognite have launched CNTXT, a joint venture based in Riyadh to support industrial digitalization of the Kingdom and the wider MENA region. CNTXT will provide digital transformation services enabled by advanced cloud solutions and leading industrial software.

Asharq Al-Awsat

Non-government Members Appointed on Saudi Central Bank’s Board

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, has agreed to appoint five non-government members to the Board of Directors of the Saudi Central Bank to lead the Kingdom’s financial sector. Sheila Al-Rowaily, who worked with Saudi Aramco, has become the first woman to join the board…

Benzinga

Google Cloud Chief Clarifies Aramco Deal Is Not For Oil Production

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud head Thomas Kurien clarified that its deal with oil giant Saudi Aramco did not include oil production, Bloomberg reports. “We work with Aramco system integration division, not with the oil-and-gas division,” Kurian said. Google’s critics, including its employees, have claimed that providing cloud tools to oil-and-gas…

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