Aramco Archives - Oil & Gas 360

Aramco offers more crude oil cargoes from Mediterranean amid Red Sea threats, sources say

July 23, 2026

(BOE Report)– Saudi Aramco has offered additional crude cargoes for loading from Egypt’s Mediterranean port of Sidi Kerir, according to five trading sources, as Houthi threats to Saudi shipping raise risks for southbound Red Sea exports through the Bab el-Mandeb strait. The cargoes, which are shipped to Egypt’s Red Sea port of Ain Sukhna and then carried by the Suez-Mediterranean Pipeline

Halliburton expands role in Aramco’s unconventional gas program

July 15, 2026

(World Oil) – Halliburton has secured a multi-year contract from Aramco to provide integrated stimulation and completion services for unconventional gas development in Saudi Arabia’s Jafurah basin, supporting one of the world’s largest unconventional gas programs. The award is part of a broader multi-billion-dollar contract and expands Halliburton’s role in Aramco’s unconventional development program, where the company provides drilling, stimulation and completion services across multiple

Saudi oil exports to China set to halve as war upends supply and prices

April 13, 2026

(Oil Price) – Saudi Arabia is expected to ship in May halve the crude volumes to China it supplies in April as the Kingdom hiked its official selling prices while part of the supply is trapped in the Middle East due to the war. Saudi Arabia, the single biggest crude oil exporter in the world, is expected to send about

Aramco sees ‘catastrophic consequences’ for oil if shipping doesn’t resume in Strait of Hormuz

March 10, 2026

(BOE Report) – Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The disruption has not only upended the shipping and insurance sectors but also promises to have drastic domino effects on aviation, agriculture,

Aramco stock climbs as Middle East conflict lifts oil prices

March 9, 2026

(World Oil) – Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day of trading for the

Aramco starts up Jafurah, eyes 80% gas capacity growth by 2030

February 26, 2026

(World Oil) – Aramco has marked two major milestones in its gas expansion strategy with the start of unconventional production at the Jafurah field and the commissioning of the Tanajib Gas Plant, reinforcing its target to significantly expand Saudi Arabia’s gas production capacity by 2030. The company confirmed that first shale gas production from Jafurah began in December 2025. Located across approximately 17,000 sq

Saipem wins $600 million offshore EPC contracts with Aramco in Saudi Arabia

December 31, 2025

(World Oil)– Saipem has won two offshore Contract Release Purchase Orders (CRPO) in Saudi Arabia, reinforcing its position as a leading EPC contractor in the Kingdom. The contracts are worth approximately $600 million, and expand Saipem’s long-standing partnership with Aramco. The first work package (CRPO 162), spanning 32 months, covers engineering, procurement, construction and installation of roughly 34 km of pipeline—ranging from

Aramco begins gas production at Jafurah, world’s largest shale project outside U.S.

December 3, 2025

(World Oil) – Aramco has begun gas production from the first phase of its Jafurah development, marking a major step in Saudi Arabia’s push to scale unconventional resources and expand domestic gas supply. According to Reuters, the milestone was disclosed in the Saudi Ministry of Finance’s 2026 budget statement, which listed the start-up as a key 2025 achievement. Jafurah is considered the

Aramco awards Baker Hughes multi-year coiled tubing drilling contract

October 27, 2025

(World Oil) – Baker Hughes has secured a multi-year agreement from Aramco to significantly expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order, booked in the third quarter of 2025, will see Baker Hughes increase its active UBCTD fleet from four to ten units beginning in 2026. Under the new contract, Baker Hughes

Aramco awards Baker Hughes multi-year coiled tubing drilling contract

October 24, 2025

(World Oil)– Baker Hughes has secured a multi-year agreement from Aramco to significantly expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order, booked in the third quarter of 2025, will see Baker Hughes increase its active UBCTD fleet from four to ten units beginning in 2026. Under the new contract, Baker Hughes

Aramco signs pacts worth up to $90 billion with U.S. companies

May 15, 2025

(World Oil) – Oil giant Saudi Aramco signed agreements with major U.S. companies potentially totaling about $90 billion. The company signed 34 memorandums of understanding and pacts through its Aramco Group Co., covering collaborations and partnerships on liquefied natural gas, fuels, chemicals, emission-reduction technologies and artificial intelligence, among other fields, Aramco said in a statement. The world’s largest oil company announced

Aramco CEO predicts record oil demand will follow OPEC+ output revival

March 4, 2025

(World Oil) – Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the world’s biggest oil producer Saudi Aramco. Oil use is set to rise by 1.3 million barrels a day (bpd) this year to just over 106 million bpd, helped for petrochemicals and jet

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