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  • Saudi Aramco to produce hydrogen vehicles locally

    The Dhahran-based state-of-the-art LAB7 facility would have 24/7 dedicated workshops that can accommodate 19 projects and up to 300 innovators at any one time. LAB7 is empowering new generation of innovators -the digital and technical entrepreneurs of the 21st century.

  • Abu Dhabi’s NPCC awarded $2.23bn contract by Saudi Aramco

    The company owns a fleet of 23 offshore vessels with modern equipment to support its shallow and deep water operations in the oil and gas sector. The awarding of the new contract comes on top of other contracts won by the company last year, including a $744 million contract by Abu Dhabi National Oil Company to develop the offshore Belbazem block to boost its light crude production capacity to 45,000 barrels per day, with the first barrel of oil expected in 2023.

  • Aramco, AEC announce partnership focused on accelerating Saudi Arabia’s digital ecosystem

    AEC, a Saudi Arabian Military Industries (SAMI) company, and Aramco said that the MoU would support efforts to enable the internet of things, computing and communication, drones, robotics, and semiconductors in Saudi Arabia.

  • Aramco awards contracts worth more than $4.5 bn for Zuluf offshore scheme

    McDermott International of the US, a pairing of India’s Larsen & Toubro (L&T) with Oslo-listed Subsea 7 and Abu Dhabi’s National Petroleum Construction Company (NPCC) have landed prized EPC packages for the huge expansion scheme. The Zuluf incremental project is a key element of Saudi Arabia’s strategy to boost its oil production capacity to 13 million barrels per day, from the existing 12 million bpd level.

  • Saudi Aramco and Advanced Electronics team up to boost kingdom’s digital ecosystem

    Saudi Aramco, through its entrepreneurship arm Wa'ed, has become increasingly involved in supporting start-ups through investments, participating in funding rounds for tele-health platform Cura and FinTech firm Lamaa in the past few months.

  • Aramco needs to compete to attract young Saudi talent in future

    The study astonishingly revealed that nine out of 10 young Saudis, or 90 percent, are interested in pursuing a career in tourism, compared to just over three quarters, or 77 percent, who are interested in careers in oil and petrochemicals.

  • Saudi Aramco launches tender to upgrade world’s largest offshore oilfield Safaniyah

    The state-owned company issued the Safaniyah upgrade tender as a part of its long term agreement with offshore contractors, Upstream reported citing two people with direct knowledge of the development Safaniyah produces above 1 million barrels per day and has 37 billion barrels of heavy crude in place and is located about 200 kilometers north of Dhahran.

  • Aramco explores investment in RIL clean energy unit

    Reliance Industries had in 2020 raised more than $30 billion, selling stakes in its technology and retail units to investors—including Google and Meta—and a rights issue. The investments in the clean energy unit may be on similar lines, the person said.

  • Seeq signs industrial digitalization agreement with Saudi Aramco

    The agreement will provide Saudi Aramco engineers and subject matter experts with Seeq’s self-service analytics, predictive modeling data analytics, and visualization tools. “Seeq is empowering our engineers and subject matter experts with easy-to-use analytics tools to truly democratize data science. We see this as a key element for scaling operational analytics across the organization,” says Walid A. Al-Naeem, Manager of Process & Control Systems Department, Saudi Aramco.

  • Saudi Aramco’s entrepreneurship arm Wa’ed provides $2.04m grant to four start-ups

    Created as a wholly-owned venture of Aramco in 2011, Wa’ed has disbursed more than 400m riyals in venture capital investment, loans and incubation services to more than 100 kingdom-based start-ups. Start-ups in Saudi Arabia attracted a record $168m worth of venture capital funding through 54 transactions in the first half of 2021, according to data platform Magnitt. This is about 94 per cent of the money extended to the kingdom’s start-ups in 2020.