Saudi Aramco news
Aramco announces successful naphtha splitter placement
Saudi Aramco has announced the successful relocation and placement of a 544 t naphtha splitter.
McDermott awarded Amiral Complex contract
Saudi Aramco and Total have awarded McDermott a contract for what will be one of the largest mixed feed crackers in the world.
Aramco IPO could break records
Analysts from Saitama Rakuten International have reported that Saudi Aramco could raise the highest amount of capital from an IPO ever.
US shale response to Saudi attacks
IHS Markit reports that the oil price jump resulting from the attacks in Saudi Arabia will not have any impact on the trajectory of 2019 US shale production.
Saudi Aramco acquires Shell’s share of SASREF
Saudi Aramco has completed the acquisition of Shell’s 50% interest in the SASREF joint venture.
Petrochemical feedstock supply under attack
Drone attacks on Saudi Aramco will severely disrupt NGL and petrochemicals supply, much more than oil. The impact on global economic and geopolitical dynamics will be huge, reports Joseph Chang, Global Editor, ICIS Chemical Business.
Full Aramco capacity to be restored by the end of September
Saudi Aramco have announced that full production will be restored by the end of September following the attacks on its Abqaiq and Khurais plants.
US swing production capabilities to be tested in wake of Saudi oil out-age
GlobalData has made a comment on the impact of the Saudi Arabian oil outage on global oil prices, and how this may test the US’s ability to swing supply.
Rystad Energy provides update on Aramco drone attacks
Rystad Energy has made a comment on the recent drone attacks on Aramco oil facilities in eastern Saudi Arabia.
Saudi Aramco signs MoU with Zhejiang Free Trade Zone
Saudi Aramco has signed a memorandum of understanding with China’s Zhejiang Free Trade Zone, expanding the company’s downstream investment.