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The Latest Breaking News from Aramco

Why Are Investors Buying These 3 Energy Stocks?

The energy sector’s outlook looks bright as high oil demand primarily from China and constrained supplies as Saudi announced further output cuts could drive oil and gas prices higher this year. So, let’s find out why Energy Transfer (ET), Cheniere Energy (LNG), and Weatherford (WFRD) are attracting significant investors’ attention…

StockNews.com

France's TotalEnergies, Saudi Aramco sign contracts for $11 billion petrocomplex

Saudi Aramco and France's TotalEnergies on Saturday signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.

Radio France Internationale

Who is Yasir Al-Rumayyan? Saudi's king of golf, Newcastle chairman and Uber investment

The 53-year-old, who has ascended to the role of crown prince Mohammed Bin Salman's number one lieutenant, is becoming one of the most important executive figures in all of sport and his investment portfolio looks set to expand

Daily Mirror

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Austrade forum to promote links with oil giant Saudi Aramco condemned by activists

Environmental groups say the event in Perth to court the biggest polluting oil company of all time is ‘akin to a joint trade show with a tobacco major’

The Guardian - AU

Lexi Thompson Q&A: How she’s ‘forever grateful’ of friendship with Donald Trump and why she took a break in 2023

At 28, Thompson is still going strong, though she has taken a respite in 2023, playing few events.

USA Today Sports Media Group

Q&A: Lydia Ko weighs in on the state of her game, her first time at Pebble Beach, playing four majors in a row and caddying for her husband at an amateur event

"Chevron, I think, was a little bit more of a wake-up call."

USA Today Sports Media Group

Vettel’s carbon-neutral fuel supplier in talks with F1 teams

P1 Fuels technology shot to attention at last year’s British Grand Prix when Vettel completed a demonstration run in Nigel Mansell’s championship-winning 1992 car using its own fossil-free fuel.

Autosport

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Saudi oil group Aramco to pay more to state despite profits drop

World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil prices

The Guardian - UK

Oil giant Saudi Aramco's 1st quarter profit down 20% to $31B

Oil giant Saudi Aramco has reported a first-quarter profit of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns

The Independent UK

Agreement Signed to Establish Saudi Arabia’s 1st Integrated Steel Plate Manufacturing Complex

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, Baoshan Iron & Steel Co., Ltd. (Baosteel), the world’s leading steel conglomerate, and the Public Investment Fund (PIF) signed on Monday a shareholders’ agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia.

Asharq Al-Awsat

Saudi Arabia’s grand sportswashing campaign comes to finish off cricket’s current order

A lucrative T20 tournament is the country’s latest shameless attempt to forge a better reputation for itself – and it seemingly comes without care for the game itself

The Guardian - AU

Can F1 Stay Fueled?

If burning rubber has powered F1’s rise, burning carbon may threaten its future.

Sports Illustrated

Saudi Arabia Sends First Certified Low-carbon Ammonia to Japan

A joint statement issued on Thursday announced the arrival of the first shipment of low-carbon ammonia from Saudi Arabia to Japan, for use as fuel in power generation. The shipment is the result of a successful collaboration across the low-carbon ammonia value chain.

Asharq Al-Awsat

Saudi prince gives 4% Aramco stake to public investment firm

Saudi Arabia’s crown prince has announced the transfer of a 4% stake of the oil giant Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund

The Independent UK

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Asharq Al-Awsat

Saudi Arabia to Supply Full Crude Contract Volumes to Asia

Several informed sources said that the giant Saudi Aramco plans to supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels per day, Reuters reported. This comes after the Organization of the Petroleum Exporting Countries (OPEC) and the…

Tribune News Service

Saudi Arabia hikes oil prices to Asia after OPEC+ shock cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise OPEC+ output cut.

The Independent UK

Saudis to cut oil production by 500,000 barrels per day

Saudi Arabia says it will cut oil production by 500,000 barrels per day from May until the end of 2023

Asharq Al-Awsat

Aramco JV HAPCO Breaks Ground on New Refinery and Petrochemical Complex

A ground-breaking ceremony took place on Wednesday for a major integrated refinery and petrochemical complex being developed by Huajin Aramco Petrochemical Company (HAPCO). The joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%) is developing the complex in the city of Panjin, in China’s Liaoning…

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The Independent UK

Saudi Aramco to invest billions in Chinese petrochemicals

Saudi Arabia’s state-owned oil giant Aramco will invest billions of dollars in China’s downstream petrochemicals industry, including in the construction of a new refinery

Asharq Al-Awsat

Aramco, Partners to Construct Major Refinery, Petrochemical Complex in China

Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start constructing a major integrated refinery and petrochemical complex in northeast China. Huajin Aramco Petrochemical Company (HAPCO) is a joint venture between Aramco, NORINCO Group, and Panjin Xincheng Industrial Group. It is developing a complex that…

Asharq Al-Awsat

Aramco JV HAPCO to Commence Construction of Major Refinery, Petrochemical Complex in China

Saudi Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China, Aramco said in a statement on Sunday. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco (30%), NORINCO Group (51%) and…

Asharq Al-Awsat

Aramco, DHL Announce End-to-End Procurement and Logistics Hub Joint Venture

Saudi Aramco and DHL Supply Chain have signed a shareholders’ agreement for a new Procurement and Logistics Hub in Saudi Arabia, to enhance supply chain efficiency and sustainability, Aramco said in a statement on Monday. According to Aramco, it would be the region’s first such hub catering to customers in…

Motorsport

Hamilton doesn't share other F1 drivers' views on Saudi GP safety

F1 heads back to Jeddah for the second race of the 2023 season this weekend, the first event after the 2022 edition was marred and nearly aborted following the threat of a drivers' strike in the aftermath of a Houthi missile strike on a nearby Aramco oil facility during practice.

The Independent UK

Saudi state-owned oil giant sees record profit of $161bn

It comes as energy prices spiked following Russia’s full-scale invasion of Ukraine in February 2022

The Guardian - UK

Saudi Aramco’s $161bn profit is largest recorded by an oil and gas firm

Amnesty International hits out at ‘shocking’ annual figure reaped through sale of fossil fuel

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