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Oil & Gas Companies News in Saudi Arabia

Kingdom of Saudi Arabia and Chevron Extend PNZ Operating Agreement 30 years
9/10/2008 - Chevron Corporation announced the extension and amendment of its agreement with the Kingdom of Saudi Arabia. This agreement grants Chevron the right to operate on behalf of the Saudi government for it...
Scorpion Offshore Receives Letter of Commitment for Offshore Freedom
8/20/2008 - Scorpion International, through its Saudi Arabian venture partner, Odfjell Drilling Services LLC, received a letter of commitment for the Offshore Freedom for operations in the Arabian Gulf beginning ...
Saudi Aramco and Sinopec Signed MOU
7/2/2008 - Saudi Aramco and China Petrochemical Corporation (Sinopec Group) met in Dhahran to sign a Memorandum of Understanding (MOU) in a mutual effort to deepen the existing cooperation between the two compan...
The Linde Group acquires a majority interest in the industrial gases company SIGAS (Saudi Arabia)
5/13/2008 - The Linde Group has acquired 51 percent of the shares in the family-owned industrial gases company SIGAS (Saudi Industrial Gas Co. ltd.). Terms of the transaction were not disclosed. Closing of the ac...
Parker Drilling Announces Sale of Interest in Saudi Arabian Joint Venture
4/9/2008 - Parker Drilling Company announced that a subsidiary has executed an agreement to sell its 50 percent interest in its Saudi Arabian joint venture, Al-Rushaid Parker Drilling Company Ltd. to an affiliat...
SAMREF Deal a First for ASC
3/19/2008 - Aramco Services Co. (ASC) and Saudi Aramco Mobil Refinery Co. Ltd. (SAMREF) entered into an agreement for ASC to provide SAMREF with procurement and logistics (P&L) services for materials marketed in ...
NATCO Announces Saudi Arabian Joint Venture Agreement
10/30/2007 - NATCO Group announced that its subsidiary had entered into a joint venture agreement to build, market and sell process equipment and systems and related services with Al-Rushaid Petroleum Investment C...
Technip Announces Conversion of Khursaniyah Gas Plant Contract Into Lumpsum Turnkey
8/2/2007 - Technip, in consortium with Bechtel, has signed a contract with Saudi Aramco for the conversion of the Khursaniyah gas plant project into a lumpsum turnkey contract. The contract was originally awarde...
Aramco to Create New Business Organization
8/1/2007 - Saudi Aramco will create a new business organization designed to provide greater integration and coordination of the company’s core hydrocarbon operations and support activities. The organization will...
AMEC Wins Significant Support Services Contract In Saudi Arabia
5/25/2007 - AMEC has been awarded a five year support services contract by Saudi Aramco to support its massive development programme in Saudi Arabia. This is an important strategic step providing a significant br...
R&DC, Petrobras Build Downstream Ties
4/19/2007 - The Research and Development Center (R&DC) recently held the first Downstream Workshop between Saudi Aramco and Brazilian oil company Petrobras to strengthen the relationship between the two companies...
S-Oil Sells Treasury Shares to Hanjin
3/6/2007 - A strategic partnership between S-Oil Corp. and one of logistics and shipping conglomerates was formed March 6 when Hanjin Energy Co. Ltd. obtained 31.9 million treasury shares of S-Oil.

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SABIC completes purchase of Huntsman’s UK base chemicals and polymers business
1/6/2007 - Mohamed Al-Mady, Vice Chairman and CEO of Saudi Basic Industries Corporation (SABIC) and Peter Huntsman, President and CEO of Huntsman Corporation (NYSE: HUN) announced the completion of the purchase ...
New Shanghai Office to Boost China Ties
11/13/2006 - Saudi Aramco executives Monday officially opened the new Aramco Overseas Company (AOC) office in Shanghai, People's Republic of China. The office will focus on the strategic sourcing of new companies ...
New Office Opens in Kuala Lumpur
11/11/2006 - Saudi Aramco executives Friday officially opened the new Aramco Overseas Company (AOC) office in Kuala Lumpur, Malaysia. The office will focus on the strategic sourcing of new companies involved in ma...
Aramco Board Approves Expansion Plans
10/18/2006 - Saudi Aramco's Board of Directors gave its resounding support to the company's budget and expansion plans when it met recently in Dhahran under the chairmanship of Ali I. Al-Naimi, Minister of Petrole...
Strategies for Mega Projects Outlined
10/3/2006 - Saudi Aramco general manager of Area Projects Mohammad A. Al-Juwair said the company's ability to execute mega projects with consistently high quality comes from years of continuous learning from its ...
Deals Signed for Jubail Refinery
8/23/2006 - A mere two months after signing a Memorandum of Understanding to develop the Jubail Export Refinery, Saudi Aramco and Total already have come together to sign the contract and get the ball rolling.
Qatar Unaware of Saudi Objection to Gas Project
7/13/2006 - Qatar's oil minister said that Doha had not received any Saudi objection to a $3.5 billion project to carry Qatari gas to the United Arab Emirates and said construction of the pipeline was on schedule...
Saudi Aramco picks Dow Chemical for petchem plant
7/10/2006 - Saudi Aramco said it will build a petrochemical plant at Ras Tanura in Saudi Arabia with U.S. chemical maker Dow Chemical Co. "Aramco has chosen Dow Chemical to enter into negotiations with it on a pa...

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