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Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before amid worries about a slowing global economy. Aramco, formally known as the Saudi Arabian Oil ...
Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company's second highest ever ...
Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices. In an ...
In November 1988, a royal decree created a new Saudi Arab company, the Saudi Arabian Oil Company, to take control of the former Aramco assets (or Saudi Aramco) [28] and took the management and operations control of Saudi Arabia's oil and gas fields from Aramco and its partners. In 1989–90, high-quality oil and gas were discovered in three ...
On 25 March, the North Jeddah Bulk Plant owned by Saudi Aramco on the outskirts of Jeddah was attacked by drones and missiles, triggering a large fire. Yemen's Houthi rebels claimed responsibility for the attack. [1] This attack is considered a turning point in the civil war which led to the Saudi coalition agreeing to a ceasefire with the Houthis.
King Salman Energy Park (known as SPARK) (Arabic: مدينة الملك سلمان للطاقة) is a new megaproject being constructed and located between Dammam and Al-Ahsa in the Eastern Province of Saudi Arabia. This project is being developed, operated and managed by Saudi Aramco.
By Anirban Sen, Supantha Mukherjee and Alexandra Alper. NEW YORK (Reuters) - Saudi Aramco's digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to ...
Dammam No. 7; Country: Saudi Arabia: Region: Eastern Province: Location: Dhahran (Dammam metropolitan area): Coordinates: 1]: Operator: Saudi Aramco: Field history; Discovery: 1938: Start of development: 1946: Start of production: 1949: Abandonment: 1982: Production; Peak of production (oil): 1,600 barrels per day (~100,000 t/a): Dammam No. 7 also known as "Prosperity Well," [2] is an oil well ...