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  • Cybersecurity
    Saudi Aramco sees increase in attempted cyber attacks

    Saudi Aramco has seen an increase in attempted cyber attacks since the final quarter of 2019, which the company has so far successfully countered, the state oil giant’s chief information security officer told Reuters on Thursday.

  • Cyber Security
    Saudi Aramco calls for closer collaboration on cybersecurity in the energy industry

    In efforts to collaboratively counter cyber threats, Saudi Aramco established an Intelligence Sharing Consortium in the Energy Industry, with partners such as SABIC and Sadara. Saudi Aramco is also a founding member of the World Economic Forum’s Center for Cybersecurity (WEF C4C) that promotes global collaboration and leads global initiatives across various sectors within the cybersecurity industry.

  • Saudi Aramco
    Taps open for Saudi listings after Aramco’s record IPO

    Several Saudi Arabian companies are planning to list shares on the Riyadh exchange in coming months in the wake of oil giant Aramco’s record IPO.

  • Stock Market
    Key to Aramco’s Calm January Lies in Hands of Saudi Stock Owners

    January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares in Saudi Aramco followed a different narrative in their first full month of trading. The stock weathered the month -- marked by the U.S. killing of an Iranian general and then the spread of the coronavirus -- much better than oil-major peers, ending well above the price set at its record initial public offering. Aramco retreated 3.1% in January, in contrast with the 12% slump in Brent crude and a drop of more than 10% for global peers such as Chevron Corp., Total SA and Royal Dutch Shell Plc.

  • Saudi Economy
    Saudi bank lending jumps on mortgages, Aramco IPO boosts money supply

    Private credit growth, partly due to lower interest rates, was boosted by a spike in mortgage lending, with residential new mortgages for individuals provided by banks amounting to 9.3 billion riyals in December - their highest level last year and almost three times their total amount in December 2018.

  • Samsung
    Samsung Engineering awarded $1.85b gas reservoir storage project by Saudi Aramco

    The project will introduce surplus sales gas into existing wells during the winter and recover the gas in line with the increase in gas demand in the summer.

  • Aramco Overseas Co.
    S-Oil to supply $2.66 bil worth of oil products to Saudi Aramco in 2020

    S-Oil, which is 63.4% owned by Aramco Overseas Co., a subsidiary of Saudi Aramco, imports 90% of its crude oil needs from Saudi Arabia -- mostly Arabian Light and Arabian Medium.

  • Security
    Saudi Air Defenses Thwarted Attack on Aramco

    Saudi Arabia’s air defense forces last week shot down missiles aimed at Saudi Aramco oil facilities, kingdom officials said Wednesday, after Iran-aligned Houthis in Yemen said they had targeted the world’s most valuable company and other sites in Saudi Arabia. The missile attacks came four months after a squad of drones carried out coordinated attacks on two of Saudi Arabia’s vital crude production sites and temporarily knocked out more than half of the country’s oil production capacity.

  • Houthi Attacks
    Yemeni Rebels Claim They Targeted Saudi Aramco in Jazan

    Jazan is the site of a 400,000-barrels-a-day Saudi Aramco refinery, but the city, near the border with Yemen, isn’t home to crude oil production facilities or major export terminals.

  • Saudi Aramco
    Air Liquide pumps hydrogen to Saudi Aramco unit in shift from oil

    Air Liquide Arabia (ALAR) on Tuesday began pumping hydrogen through its $400 million pipeline network in Saudi Arabia’s Red Sea city of Yanbu and will supply a Saudi Aramco refinery as the kingdom seeks to shift towards cleaner fuel. Pressure has mounted on the world’s biggest fossil fuel producers to reduce their carbon emissions as concern mounts among policy-makers, investors and the general public about their impact on global warming.