Saudi oil giant Aramco has announced 17 MoUs and agreements with a potential total value of more than $30 billion with major companies in the US, through its Aramco Group Companies. These are aimed at supporting Aramco’s strategic growth objectives while enhancing its shareholder value.
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.
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).
Saudi Arabia's Public Investment Fund (PIF) and Aramco have signed a non-binding term sheet outlining the key terms for Aramco to acquire a significant minority stake in HUMAIN, a PIF company, advancing a full range of AI capabilities globally.
Yokogawa Electric Corporation has deployed multiple autonomous control AI agents at Aramco’s Fadhili Gas Plant in Saudi Arabia, marking a milestone in industrial AI solutions and enhancing operational efficiency in process automation technology.
Saudi oil giant Aramco has announced the completion of an $11 billion lease and leaseback investment deal for its Jafurah gas processing facilities with a consortium of investors led by funds managed by Global Infrastructure Partners, a part of BlackRock.
Baker Hughes has announced that it has secured a major contract from oil giant Aramco to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order was booked in the third quarter.
