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  • Saudi Aramco
    Saudi Aramco to Invest USD 40 Billion to Double Gas Capacity

    To achieve these objectives, Al-Falih said his company has adopted an open network innovation model that integrates capabilities and ideas from around the world through strategic research alliances, through investing venture capital in startup companies that are developing cutting-edge energy technologies, and by establishing global satellite research centers embedded within university campuses.

  • Petrochemicals
    Saudi Aramco, Sumitomo Chemical invite banks to back JV plant expansion

    PetroRabigh's existing plant can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemical products. The new facility, known as Rabigh II, is to be built as an expansion of PetroRabigh's existing petrochemical plant, increasing output and introducing higher-margin products. The project, located on Saudi Arabia's Red Sea coast, received a formal go-ahead from the parent firms in 2012; PetroRabigh has said previously it is due to come online in 2016, despite a string of maintenance problems at the existing facility.

  • Aramco
    Saudi Aramco seeks interest for work on unconventional gas-sources

    The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly rising domestic demand. Aramco plans to produce as much as 200 million cubic feet per day of unconventional natural gas by 2018 to supply the Waad al-Shamal project and a power plant. Inspired by a shale gas surge in the United States, which has transformed it from the world's largest gas importer to an exporter, Saudi has begun investigating its large unconventional gas reserves.

  • Saudi Aramco
    Saudi Aramco Plans To Invest $40B A Year For The Next Decade

    Saudi Aramco, the world's biggest oil producer, plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production, Chief Executive Khalid Al-Falih said. "Although our investments will span the value chain, the bulk will be in upstream, and increasingly from offshore, with the aim of maintaining our maximum sustained oil production capacity at twelve million barrels per day, while also doubling our gas production."

  • Oil
    Saudi Aramco Chief Executive Warns on Oil Supply

    The chief executive officer of Saudi Aramco, the world's biggest oil producer, said Monday that worries such as rising oil-sector costs and global turmoil could lead to a lack of oil supplies down the line, if oil companies fail to make sufficient investments.

  • Energy
    Deep-Water Knowledge Will Be Key to Saudi Aramco’s Red Sea Play

    The fast tracking of the Kingdom of Saudi Arabia’s (KSA) first major offshore natural gas fields in the Red Sea heralds the start of a massive new energy programme for the Kingdom, which will ultimately create new commercial opportunities for service companies with deep-water experience.