Reliance Industries Ltd (RIL) and Saudi Aramco have mutually called off the 15-billion-dollar deal under which Saudi Aramco would acquire a 20% stake in the company’s oil-chemicals (O2C) business. The move has been undertaken in the background of RIL’s evolving nature of the business i.e. the company unveiled plans for its new energy & materials businesses under which the firm intends to develop the Dhirubhai Ambani Green Energy Giga Complex at Jamnagar, Gujarat, India, which is a major part of the its oil-to-chemicals (O2C) assets. Now, RIL and Saudi Aramco will re-evaluate the proposed investment in the O2C business.
Saudi Aramco Technologies Company has entered into a worldwide commercialization agreement with Access ESP for the game-changing Jumpstart flowback and well cleanup service. The expert service makes use of a through-tubing electric submersible pump system to rapidly, safely and efficiently flow back and clean out oil and gas wells after drilling.
Saudi Aramco and stc have launched a new supercomputer called Dammam 7 which is also claimed to be among the top ten most powerful supercomputers in the world. The new supercomputer is expected to improve Aramco’s decision-making on exploration and investments.
Halliburton signed an Unconventional Gas Stimulation Services contract with Saudi Aramco. The company will utilize an integrated approach and provide project management, hydraulic fracturing, coiled tubing, wireline and perforating, completion tools and testing services.
Saudi Arabian Oil and Total are said to consider jointly buying businesses such as Tas’helat Marketing to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter.
Apparently Saudi Aramco is planning to expand its chemical production in the US. According to people familiar with the matter, the company will sign an agreement this weekend with a British oilfield services firm to explore building chemical facilities in Texas.
Saudi Aramco signed a Memorandum of Understanding (MoU) with “Ratnagiri Refinery and Petrochemicals” (RRPCL), a consortium of Indian oil companies, to jointly develop and build an integrated mega refinery and petrochemicals complex at Ratnagiri, in the state of Maharashtra.
Schlumberger will be drilling rigs and also providing services for 146 gas wells and 128 oil wells according to the contract. Enhanced processes along with the usage of the latest technology will also be implemented in these mega projects.
Für rund 17 Milliarden Euro wollen die Chemie- und Erdölgiganten Sabic und Saudi Aramco eine integrierte Chemieanlage bauen. Der Komplex wäre die weltgrößte Anlage dieser Art und soll helfen, das Königreich unabhängiger von der Erdölförderung zu machen.