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  • Saudi Aramco is the world’s most profitable oil giant. For investors, it’s one big yawn.

    On Wednesday, Aramco closed at 34.80 Saudi riyals ($9.28), down 0.1% year-to-date. The upshot: Aramco investors have missed out on the great rally in energy stocks this year. In the same period, the S&P 500 energy sector was up 26.8%.

  • Saudi Aramco aims to raise at least $17 bln from gas pipeline -sources

    Potential bidders including North American private equity and infrastructure funds, as well as state-backed funds in China and South Korea have been approached by Aramco through its advisors before a formal sale process kicks off in the next few weeks, they said.

  • Saudi Aramco joins ACWA-led consortium developing 1.5GW PV plant

    With an investment value of SAR 3.4 billion (US$906 million), the Sudair project will be constructed in Sudair Industrial City and feature bifacial PV modules and trackers.

  • Saudi Aramco is in advanced talks on up to $25 billion Reliance deal

    A deal would forge closer ties between the world’s biggest oil exporter and one of the fastest-growing energy consumers. It would seal more than two years of negotiations and mark Aramco’s first all-stock deal since its initial public offering in 2019. Ambani confirmed talks about a deal with an implied stake valuation of $15 billion that same year. Discussions were delayed by the onset of the coronavirus pandemic and slump in oil prices.

  • Perspective: What Is Driving The Transformation Of Saudi Aramco?

    While Aramco’s top priority is still its biggest shareholder - the Saudi government - global trends are pushing it towards diversification. The asset sale plan mirrors that of UAE neighbor Adnoc, which has been selling minority stakes in its energy assets to monetize them while it still can. Now that oil prices have recovered from the pandemic lows, it is the best time for this. Yet, Adnoc has been divesting assets for four years and has so far generated some $30 billion in proceeds in that period. The latest divestment plan is a listing of the Emirati company’s drilling business. The proceeds will reportedly be used for clean energy projects.

  • Saudi Aramco Energy Ventures helps heat transfer fluid specialist raise $5.9m

    An international company specializing in additives for industrial heating and cooling systems has raised $5.9 million from a round of funding led by Saudi Aramco Energy Ventures (SAEV) and the Progress Tech Transfer Fund (PTT). HT Materials Science (HTMS) produces heat transfer fluid additives which, when added to water and glycol heating and cooling systems, yield substantial improvements in energy use.

  • Energy giant Saudi Aramco leads €5m investment in Irish company

    Saudi Aramco Energy Ventures co-led the investment in partnership with Progress Tech Transfer, a Luxembourg-based fund specialising in sustainable technologies.

  • Saudi Aramco retenders Jafurah cogeneration project

    The Jafurah gas development is part of Aramco’s $3.2bn unconventional resources programme, which aims to develop shale gas in three areas of the kingdom. In line with the Vision 2030 masterplan, Riyadh is aiming to ensure the kingdom remains self-sufficient in gas supply as demand for power continues to grow in the residential and industrial sectors.

  • Saudi Aramco’s Asian crude prices hike comes at risky time amid Chinese COVID resurgence

    Also, US varieties, such as Mars, which is of a comparable medium quality, are being offered at rates that are lower than last month, while Russia’s Urals is also becoming cheaper, according to traders who buy and sell those barrels, which could lead to Asian refiners to buy lower amounts of contracted volumes from Aramco.

  • Golf Saudi launches Mass Participation program at Aramco Team Series tournament in Spain

    Golf Saudi hosted leading female personalities from the Kingdom at the second Aramco Team Series tournament of the year in Sotogrande, Spain. The occasion was part of Golf Saudi’s Mass Participation program that aims to grow the game of golf and boost participation in Saudi Arabia and internationally.