Aramco | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Aramco is a leading integrated energy and chemicals company, recognized for its significant role in oil exploration, production,...
Aramco is a leading integrated energy and chemicals company, recognized for its significant role in oil exploration, production, refining, and distribution. With a commitment to delivering an uninterrupted supply of energy globally, Aramco is also focused on advancing towards a low carbon economy. The company has the world's second-largest proven crude oil reserves and is a major player in the global energy market, providing a wide range of products including gasoline, diesel, and various chemicals.
Website
Size
10,001+ employees
Industry
Oil and Gas
Specialities
Oil Exploration, Drilling and Workover, Renewable Energy, Petroleum Engineering, Pipelines and Distribution, Refining, Project Management, Nursing, Medical and Dental, Gas Operations, Chemicals, Research & Development, Marine, Unconventional Gas, Power Systems
🛍️ Aramco Product and Pricing News →
👔 Aramco CEO, Management and Leadership Team →
⚔️ Aramco Alternatives and Competitors →
💼 Aramco Hiring and Layoffs →
🤖 Aramco Developer, Integration and Automation News →
📈 Aramco Financials, Fundraising and Valuation News →
🛍️ Aramco Product and Pricing News
- Aramco, in collaboration with HyperView, introduced a next-generation heavy-duty truck to reduce the carbon footprint of the transport sector.
- Aramco plans to expand its downstream operations in Asia, including potential acquisitions and collaborations with Chinese companies like Hengli Group and Wanhua Chemical Group.
- Aramco plans to build the world's largest oil-to-chemicals complex in Saudi Arabia to diversify its operations under the Vision 2030 initiative, according to CEO Amin H. Nasser.
- Aramco showcased its latest smart city technologies at the Smart City Expo World Congress in Barcelona.
- Aramco has temporarily suspended operations for Borr Drilling's Arabia II and Shelf Drilling's jack-up rigs for up to a year, further reducing the rig pool in the Middle East.
- Aramco Chairman H.E. Yasir Al-Rumayyan received the Eisenhower Global Transformation Award at the 2024 BCUIGala.
- Aramco showcased its Corrosion Management Solutions at the ADIPEC Exhibition and Conference.
- Aramco executives, including the Senior Vice President and Director of R&DC, will speak at the ChemIndex conference on November 26-28, 2024.
👔 Aramco CEO, Management and Leadership Team
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Founder
[email protected] -
Vice President[email protected]
⚔️ Aramco Alternatives and Competitors
- ExxonMobil |
- Marathon Petroleum |
- Shell |
- BP |
- Chevron |
- TotalEnergies |
- Rosneft |
- Marathon Oil Corporation |
- ConocoPhillips |
- Apache Corporation |
- Phillips 66 |
- ADNOC Group |
- Esso |
- KCA Deutag |
- Oxy
💼 Aramco Hiring and Layoffs
- Aramco is currently seeking a Head of Corporate Communications in the United States.
- Bekhaled Berrouba has joined Aramco as Deputy Technical Director in Algeria, previously holding the same position at another company.
- Aramco is currently seeking a JV Manager in China.
- Mallee Howaidi has started a new position as Lead HR Analyst at Aramco's Upstream HR Special Projects.
- Waleed Al-Jama, Associate Engineer at Aramco, completed the Saudi Aramco Talent Essentials Program using AI to predict well performance.
- Aramco is currently seeking an Investment Portfolio Management Specialist in Singapore.
🤖 Aramco Developer, Integration and Automation News
- Aramco and Rongsheng Petrochemical signed a framework agreement in Beijing for the SASREF expansion project in Jubail, Saudi Arabia, to enhance refining and petrochemical capabilities.
- Aramco collaborates with Agility's Tristar business to adopt new safety, sustainability, and innovation standards in Saudi Arabia's energy sector.
- Aramco has partnered with Colorado School of Mines to launch the Aramco Works Innovation Center to empower the next generation of innovators.
- Aramco signed a Collaboration Framework Agreement with Petrovietnam to explore cooperation in energy and petrochemical products during the FII 8th Edition in Riyadh.
- Aramco partnered with FIRST in Texas to support students competing with CONCACAF players.
- Aramco partnered with Motiva LLC and SABIC Americas to plant trees in F.M. Law Park as part of the Resilient Houston plan.
- Aramco and Riyadh Air signed a Memorandum of Understanding during the FII 8th Edition in Riyadh to explore collaboration in areas like low-carbon fuel supply and sustainability.
- Arabian Drilling secured a 10-year contract extension with Aramco for a land rig, valued at approximately SAR 440 million.
📈 Aramco Financials, Fundraising and Valuation News
- Aramco Ventures led a $21.7 million Series B funding round for Andium to support its expansion into global oil and gas markets, aligning with Aramco's sustainability goals.
- Aramco increased its investment in MidOcean Energy to acquire an additional 15% stake in Peru LNG, raising MidOcean's total interest to 35%.
- Aramco increased its capital spending by nearly 20% in the third quarter to advance its hydrocarbon projects and expand natural gas production.
- Aramco is burning cash by paying $93.2 billion in dividends year-to-date, exceeding its free cash flow of $63.7 billion, and may need to lower payouts due to financial strain.
- On November 18, 2024, Aramco, SINOPEC, and Fujian Petrochemical broke ground on a new refining and petrochemical complex in China, with Aramco holding a 25% stake and planning to supply over one million barrels of crude oil per day to the project.
- Aramco has committed to enhancing its sustainability practices as part of Saudi Arabia's Vision 2030 goals.
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