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  • Global Oil Services Firms Schlumberger, Halliburton, Baker Hughes Target Saudi as Growth Market in 2014, Report Says
     

    Energy services firms Schlumberger, Halliburton, and Baker Hughes are targeting Saudi Arabia as a high growth market in 2014 in order to “revive profits that are being squeezed by overcapacity in the North American market,” according to a report by the Reuters news service. “Dozens of offshore and onshore rigs are being lined up for drilling in Saudi […]

     
  • 5 Things to Know About the 2013 SACM Career Fair and Graduation Ceremony This Week
     

    The 2013 SACM Career Fair and Graduation Ceremony begins this week at the Gaylord National Harbor in the Washington, D.C. area. Thousands of Saudi students will descend on the nation’s capital to participate in this impressive event, which celebrates the achievements of Saudi students on the King Abdullah Scholarship Program and matches them with real […]

     
  • Saudi Aramco to open 3 research centers in the United States
     

    Saudi Aramco announced the opening of three research centers in the United States at the Offshore Technology Conference in Houston today, according to a report in Rigzone. The three new centers in the United States will “join a worldwide network of research centers established by Saudi Aramco to leverage scientific expertise and further complement the cutting-edge […]

     
  • Save the Date for the 2013 U.S.-Saudi Business Opportunities Forum in Los Angeles, California
     

    The 2013 US-Saudi Business Opportunities Forum, to be held in Los Angeles, California at the JW Marriott L.A. Live on September 16-18, is the third in a series of extraordinarily successful gatherings featuring top American and Saudi government and private sector leaders and providing an ideal platform for building new and lasting business ties. Please visit www.us-saudiforum.com to register your interest.

     
  • Saudi Aramco showcases advanced technology at OTC
     

    The Offshore Technology Conference in Houston is a major event that brings together energy companies from around the world. OTC is billed by organizers as “the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection.” OTC was founded in 1969 and is held annually at the […]

     
  • Stanford University in California Asks Five Questions of Saudi MBA Alumnus Fahd Al-Rasheed, CEO And Managing Director Of King Abdullah Economic City (KAEC)
     

    Saudi Arabia’s King Abdullah Economic City (KAEC) is set to astonish the world when completed, and it is only one of four brand new cities that will be constructed by the Kingdom in the coming years. At a cost of more than $100 billion, Saudi Arabia began construction on four new economic cities designed to […]

     
  • A Kingdom’s Thirst: The Saudi Water Challenge
     

    It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.

     
  • Keystone: Saudi Arabia’s First Idea Translation Lab
     

    Many people are familiar with the King Abdullah University for Science and Technology (KAUST) and it’s glittering $20 billion endowment.  Founded in 2009 and sited north of Jeddah on the Red Sea, KAUST intends to be a global caliber research university as well as an educational and social bellwether that allows co-ed education.  The KAUST […]

     
  • Saudi youth, the issue of unemployment and work ethic
     

    Abdulateef Al-Mulhim is a well-known Saudi commentator who is appreciated – at least here at SUSTG – for his willingness to take on sensitive topics and provide his particular perspective.  In this item he addresses the work ethic of young Saudis, a subject of much debate.  Not surprisingly, there are numerous facets to the discussion […]

     
  • Living and working in a Saudi Arabian compound
     

    Fiona attended an interview in Dublin which included a short exam paper. “Four months later, my friend and I were saying goodbye to Ireland,” she states. Fiona is based in the Eastern Province of Saudi, in one of Saudi Aramco’s five health care facilities, the Dhahran Health Centre. The oil company’s health care facilities care for […]

     

MUST-READS

  • Saudi Aramco profit soars on higher prices and refining margins

    State oil giant Saudi Aramco (2222.SE) on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins. Aramco joins oil majors such as Exxon Mobil Corp (XOM.N) and BP (BP.L) that have reported strong or record breaking results in recent weeks after Western sanctions against major exporter Russia squeezed an already under-supplied global market causing a surge in crude and natural gas prices.

  • Saudi ambassador to US visits Aramco Research Center in Detroit

    Saudi Arabia’s Ambassador to the US Princess Reema Bandar visited the Aramco Research Center in Detroit, Michigan, US, on Saturday. “It was a pleasure to tour the Aramco Research Center in Detroit, Michigan, and take a look at the advancements in carbon capture technology and new innovations underway to protect the environment and reduce emissions.

  • Saudi Arabia-China relations strengthen with Aramco-Sinopec deal

    Saudi Arabia’s state-owned oil company Aramco signed an agreement yesterday with a Chinese oil giant. The memorandum of understanding between Aramco and China Petroleum & Chemical Corporation (Sinopec) relates to cooperation within Saudi Arabia. They pledged to work together on oil industry matters as well as carbon capture and the development of hydrogen as an energy source. They will also discuss building a manufacturing hub in the King Salman Energy Park in eastern Saudi Arabia, Aramco said in a statement.

  • Saudi Aramco acquires lubricant giant Valvoline

    Aramco agreed to buy the global products division of the American company Valvoline for $2.65 billion. The acquisition is pending until unspecified "customary adjustments” are made, Aramco said in a press release. Valvoline produces oil and lubricants for automobiles. It is based in the southern US state of Kentucky and is traded on the New York Stock Exchange.

  • Valvoline fuels retail drive with $2.65 bln lubricants unit sale to Saudi Aramco

    Valvoline Inc is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco for $2.65 billion in cash to sharpen focus on its retail services business. The deal announced on Monday builds on the company's plan to separate the two units, with the sale proceeds set to fuel an expansion of the vehicle service center business Valvoline operates across the United States.

  • Saudi Aramco CEO tops Forbes ME’s list of top 100 CEOs

    Saudi Aramco’s CEO and President Amin H. Nasser ranked first on the Forbes Middle East’s list of top 100 CEOs in the region this year. The Saudi Aramco CEO has been leading one of the world’s largest providers of crude oil to the global market since 2015. He is also a member of the International Advisory Board of the King Fahd University of Petroleum and Minerals and sits on the Board of Trustees for the King Abdullah University of Science and Technology, the World Economic Forum’s International Business Council, the Massachusetts Institute of Technology Presidential CEO Advisory Board, and the JP Morgan International Council.

  • Can Saudi Aramco Meet Its Oil Production Promises?

    Over the last eight weeks or so, there has been frenetic activity inside Aramco to prepare for an output surge. “MSC,” as maximum sustainable capacity is known at the company’s headquarters in Dhahran, has been the key topic of discussion. Company insiders, speaking in private, say it can reach 12 million barrels a day within 30 days and sustain that level for at least 90 days. What about longer? Aramco is simply confident it will prove skeptics like Macron wrong. Have faith, is the message.

  • Can Saudi Aramco Meet Its Oil Production Promises?

    Aramco, the state-owned Saudi Arabian oil giant, claims it can sustainably pump 12 million barrels a day, well above the kingdom’s OPEC+ August target of 11 million barrels. For the global economy, Saudi spare capacity is the last line of defense against more energy inflation. But apart from a few top company executives and a handful of Saudi royals, no one knows for sure whether Aramco can deliver.

  • Saudi Oil Major Aramco Aims to Generate 12 GW of Renewable Energy by 2030

    The oil company aims to establish a framework for in-company renewable applications supported by a mix of grid-connected and off-grid solutions, including office buildings, valve stations, cathodic pipeline protection, bulk plants, and production wells. The report also outlines a pathway for Aramco to achieve net-zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions across all its wholly-owned operating assets by 2050, delivering continued affordable and reliable energy solutions. The company is mulling strategies to mitigate more than 50 million metric tons of CO2 equivalent annually by 2035, both in its upstream and downstream segments.

  • Saudi Oil Major Aramco Aims to Generate 12 GW of Renewable Energy by 2030

    The sustainability report highlights Aramco’s plans to reduce the energy consumption at all of its facilities, design new energy-efficient units, and increase overall energy efficiency across domains. The oil company aims to establish a framework for in-company renewable applications supported by a mix of grid-connected and off-grid solutions, including office buildings, valve stations, cathodic pipeline protection, bulk plants, and production wells.