75 Years of Bringing You Company and Community News
1945 was a historically monumental year. The war in Europe had ended in May with the victory of the allies over Germany and the war with Japan would end in August.
An Oasis of Green on the Red Sands of Shaybah
The company’s community in Shaybah has established a solar powered greenhouse to become self-sufficient in landscape supplies, reducing costs, emissions, and enhancing supply resilience.
AramcoWorld Reading Selections - June 24, 2020
The narrow lane passed under a vaulted passageway and emerged back into the bright sunshine as it wound through Tozeur’s Ouled el-Hadef quarter. The houses in this centuries-old neighborhood open privately onto interior courtyards, offering the narrow streets only tall exterior walls with high, slitted windows and stout doors made of palm wood.
Join Me in Welcoming SABIC into the Aramco Family of Companies
On Wednesday, we announced the successful completion of our acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) — one of the world’s most significant, diversified chemicals companies — from the Public Investment Fund, the sovereign wealth fund of Saudi Arabia.
Aramco Completes its Acquisition of a 70% Stake in SABIC from the Public Investment Fund (PIF)
Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1 billion), equating to SAR 123.39 price per share.
Aramco Student’s Rock Failure Prediction Work Opens Door to International Recognition
Hussain Albahrani can see the miraculous in the mundane. That talent won him the Society of Professional Engineers’ (SPE) Gulf Coast North America Regional Award-Ph.D. Division for a project that provides a model for predicting rock failure while drilling is ongoing.
AramcoWorld Reading Selections - June 10, 2020
A bottle of frankincense essential oil sits on a branch of a frankincense tree (Boswellia sacra) in the Dhofar Governate of Oman, where a semiarid climate and limestone geology have proven especially hospitable for its cultivation for more than 3,000 years. Frankincense from Oman was instrumental in the rise of early kingdoms in the region, and today it is a center for one of the most popular of essential oils.
Aramco’s Gretchen Gillis Voted American Association of Petroleum Engineers President
Aramco’s Gretchen M. Gillis was recently voted president-elect of the American Association of Petroleum Engineers (AAPG) for the 2020-21 term. She will assume the role of AAPG president for the 2021-22 term.
Global Analysts, Publications Note Steep Drop in Energy Investment
The International Energy Agency (IEA) recently released its annual World Energy Investment report, which claims that the COVID-19 pandemic is causing the biggest fall in global energy investment in history.
From Concession to IPO, Aramco Marks 87th Year on its Journey of Excellence
From 1933 to present day, Aramco’s remarkable journey from an exploration effort to the world’s most profitable company has been unprecedented, and it began with the signing of the Concession Agreement.
Smart Helmets Supporting Operations During COVID-19
In-line with Saudi Aramco’s Digital Transformation Program – which capitalizes on innovative Fourth Industrial Revolution technologies to deliver energy more sustainably and efficiently – Aramco Asia recently deployed a “smart helmet.”
AramcoWorld Reading Selections - May 27, 2020
Since the hieroglyphs on the Rosetta stone were deciphered in 1822, scholars have learned a great deal about early Egypt. But the language of Nubia, Egypt’s rival to the south, remains untranslated, with the result that far less is known about Nubia.
Open letter from the CEOs of the Oil and Gas Climate Initiative
The unprecedented challenges the world is facing force us all to sharpen our focus on what really matters. Our immediate priority, as CEOs, is to do everything we can so that our people and communities are safe and capable of confronting the pandemic effectively.
AramcoWorld Reading Selections - May 21, 2020
Warmed by a campfire and the notes of an ‘ud, hiking guides near Saint Catherine, Egypt, fill an evening with song.
Saudi Aramco Plants at Night
The world is going through an unprecedented health crisis, the impact of which has reached all areas of life that forced governments and individuals to make unprecedented decisions and adapt to unusual lifestyles.
2020 ‘Id Mubarak
Dear colleagues, With the Holy Month of Ramadan coming to a close, I would like to extend my personal best wishes to you and to your families for a peaceful ‘Id al-Fitr. This ‘Id will be unlike any we have experienced before.
Aramco Announces First Quarter 2020 Results
The Saudi Arabian Oil Company today announced its financial results for the first quarter of 2020, demonstrating financial and operational strength despite a challenging macro environment and lower energy demand caused by the COVID-19 pandemic.
Ramadan in Remote Areas
From Tanajib to Jazan and all points in between and elsewhere, Ramadan is a time each year like no other, and this year even more than usual.
CEO Video Call to Riyadh Refinery Employees
In a recent video conference call with Saudi Aramco’s Riyadh Refinery and Distribution employees, Saudi Aramco president and CEO Amin Nasser reiterated that the health and well-being of every employee is essential for the company’s business continuity plans to succeed.
Aramco Responds to COVID-19 with Support for our People and Communities
Aramco is today providing an update on how we are keeping our people and communities safe from COVID-19, while continuing to supply the world the energy it needs.