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  • Lydia Ko Clinches Third Victory in Four Starts at Aramco Saudi Ladies International

    With a win at the Aramco Saudi Ladies International, Lydia Ko started her 2023 season just as the world No. 1 should. After starting Sunday one shot back, a final-round 68 led the New Zealander to a one-shot triumph over India’s Aditi Ashok. Ko will take home a winner’s check of $750,000 as she ticks off her third win in four starts. Ko wrapped up her competitive stretch in 2022 with wins at the BMW Ladies Championship and the CME Group Tour Championship, where she collected the richest prize in women’s golf history.

  • Aramco Saudi Ladies International Purse, Prize Money And Field

    Following a five-fold increase, the purse for year’s Aramco Saudi Ladies International offers equal prize money to the men’s tournament, which took place at the start of the month. That means players will be competing for a $5m prize fund at Royal Greens Golf and Country Club. Of that, with the winner will earn $750,000. Not surprisingly, given the enormous financial incentive, many of the world’s best are in the 120-player field for the event including six of the world's top 10 and a total of 13 Major winners.

  • Opinion: Saudi Aramco Doesn’t Believe Its Own Rhetoric on Oil Demand

    Western rivals can point to calls for cash from demanding shareholders to explain their failure to invest as aggressively as they did in the past, as Bloomberg Opinion wrote last week. That explanation doesn’t wash with Aramco, however. All but a 1.7% sliver of the stock is owned by the Saudi government and its sovereign wealth fund. Moreover, the $75 billion Aramco paid out in dividends over the same period is about 50% more than the combined sum spent by all seven western oil majors

  • Saudi Aramco’s Ladies Golf Int’l Championship Kicks off Thursday

    The Aramco Saudi Ladies International Championship 2023, sponsored by the Public Investment Fund, will kick off Thursday at the Royal Greens Golf & Country Club, in the King Abdullah Economic City. In partnership with the Ladies European Tour (LET), the tournament will see the participation of some of the biggest names in women’s golf such as world no. 1, New Zealander Lydia Ko, world no. 4, Thai Atthaya Thitikul, and world no. 7, US Lexi Thompson, competing for several prizes that are worth combined around $5 million.

  • Citing backlash, LPGA star ends sponsorship with Saudi Arabia’s Aramco

    LPGA star Anna Nordqvist revealed she has ended her endorsement deal with Aramco—Saudi Arabia’s state-run petroleum company and a major financial supporter of women’s golf—due to ongoing backlash for the partnership. In an interview with Swedish news agency TT, the three-time major winner did not express second thoughts regarding the moral and ethical issues of the relationship. Rather, Nordqvist revealed that she wasn’t prepared to receive the “incredible amount of hatred and mean comments from people who don't even know me."

  • Accenture wins mega digital consulting contract with Saudi Aramco

    Appointed a strategic digital partner, Accenture will play a key role in helping Saudi Aramco professionalise its digital foundation, and build digital capabilities. Both Saudi Aramco and Accenture did not disclose further details on the scope of work. According to 2022 analysis by ConsultancyME, Accenture ranks as one of the top oil & gas consulting firms in the Middle East. Saudi Aramco chief executive Amin Nasser said that across the board, the company is planning to invest $1.9 billion in digital transformation over the next three years, making it its biggest investment in digital to date.

  • Saudi Aramco Says ESG Investing Threatens Energy Security

    “If ESG-driven policies are implemented with an automatic bias against any and all conventional energy projects, the resulting underinvestment will have serious implications. For the global economy. For energy affordability. And for energy security.”

  • Hong Kong Vies for Blockbuster Aramco Listing as Saudi Ties Deepen

    John Lee, Hong Kong’s chief executive, led a large delegation of government officials, bankers and other executives to Saudi Arabia this week, part of a wider tour of the Middle East. Mr. Lee told Amin Nasser, chief executive of oil giant Aramco, that Hong Kong’s stock exchange would welcome a secondary listing by the company. A deal could be valued at tens of billions of dollars, according to some bankers’ estimates.

  • Saudi Aramco to build Zoom’s first global data center in Saudi Arabia

    Saudi Aramco will be partnering with Zoom Global to build its first global data center in Saudi Arabia as part of the Kingdom’s efforts to support the digital transformation ecosystem, the oil company announced on Monday. Aramco’s new strategic partnership with Zoom is set to explore the joint development of innovative technology solutions for the energy sector and contribute to the digital transformation of various market sectors, such as energy, industry, education, and healthcare, the Saudi Press Agency (SPA) reported.

  • Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel

    The heavy duty trucking industry alone accounts for almost a quarter of all greenhouse gas emissions from transportation. Emissions from shipping increased nearly 10% from 2012 to 2018, according to the International Maritime Organization. Ships release nearly 1 billion metric tons of carbon dioxide each year, which is about equal to the annual carbon outputs of Texas and California combined.