AramcoWorld Reading Selections - April 17, 2019
In the Red Sea near Marsa Alam, in southeast Egypt, this dugong—named Dennis by local divers—featured in a documentary about the pressures dugongs face from growth in tourism.
Saudi Aramco to Acquire Stake in South Korean Hyundai Oilbank
The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), to purchase a 17% stake in South Korea's Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings.
Aramco Trading Expands Collaborations in Key European Markets by Signing Supply Agreement with “PKN Orlen”, Poland’s Leading Oil Refiner
Aramco Trading expands collaborations in key European markets by signing Supply Agreement with “PKN Orlen”, Poland’s leading oil refiner.
Ithra Contributes to Success of Sharqiah Season 2019
”An amazing, amazing, amazing show, literally amazing,” said Rayan AlDawas, one of the visitors at the King Abdulaziz Center for World Culture (Ithra), describing the Spheres Performance at the Lush Garden. “This is al-Khobar. There have been a lot of changes; there are beautiful things happening. Honestly, it is honorable.”
Saudi Aramco Announces Pricing of $12 Billion Bond Issuance
Saudi Arabian Oil Company (“Saudi Aramco”) today announced that it has priced an offering of $12 billion in its inaugural international bond issuance. The issuance is comprised of five tranches of senior unsecured notes under Saudi Aramco’s Global Medium Term Note Program.
Using Nonmetallic Materials to Land Airplanes on ‘Udhailiyah’s Short Runway
Saudi Aramco has deployed for the first time an important technology at airports where there isn’t a sufficient length of runway, due to obstacles, such as insufficient land availability, bodies of water, and other impediments as detailed in the Federal Aviation Administration Technical Standards.
Ajyal Special Needs Center: Saudi Aramco’s Commitment to Special Education
Saudi Aramco has signed an agreement with the Arizona Centers for Comprehensive Education and Life Skills (ACCEL) of Phoenix to solidify and strengthen the provision of exemplary support services for children with developmental disabilities.
Lumpas Call it A Day After 38 Years in the Kingdom
Robert “Bob” Lumpa, assistant to Saudi Aramco executive director of Chemicals Olivier G. Thorel, is set to leave the company after 38 years of service. The Iowa native started his Saudi Aramco career in ‘Udhailiyah in 1980 as a plant engineer at gas-oil separation plants (GOSPs), seawater injection plants, and nonassociated Khuff gas well facilities.
Celebrating 75 Years of Education, Diversity
Saudi Aramco Expatriate Schools (SAES) kicked off its 75th anniversary celebration at a ceremony to express appreciation to educators, cementing its core values of excellence, diversity, community, and service.
AramcoWorld Reading Selections - April 03, 2019
In an orange house along one of the sloped lanes of Bo-Kaap, Cape Town’s Muslim neighborhood, 92-year-old Abdiyah Da Costa deftly climbs the stairs to the second floor to what essentially has become a personal museum.
Aramco's Younger Workers Dig Deep on Key Issues at Houston Energy Summit
Members of Saudi Aramco's Young Leaders Advisory Board (YLAB) took part in a stimulating professional development program at the CERAWeek global energy summit — meeting with executives, researchers, and traders at Aramco affiliates while also engaging in a workshop with young professionals from Halliburton to identify potential solutions to the perception challenge facing the industry.
MEOS 2019: Redefining Resilience
Saudi Aramco’s senior vice president of Upstream told attendees of the 21st Middle East Oil & Gas Show and Conference (MEOS 2019) that taking into account “the evolving nature of what resilience means to our industry” is important to redefining the future.
Saudi Arabian Oil Company Announces Establishment of a Global Medium Term Note Program and Potential Notes Issuance
Saudi Arabian Oil Company (“Saudi Aramco”) today announced that it has established a Global Medium Term Note Program (the “Program”) and will conduct a series of fixed income investor meetings commencing on April 1, 2019. An offering of U.S. dollar-denominated senior unsecured notes (the “Notes”) under the Program may follow, subject to market conditions.
2019 KSA Expat Reunion Annuitants Get an Up Close Look at Kingdom’s Transformation
“A priceless gift to us and we cannot say enough great things about this trip!” Karen Gadai Johnson wrote at the conclusion of the 2019 KSA Expat Reunion. She brought her children with her from the U.S. to share with them where their grandparents had worked and where she was raised — the first time she had returned to Kingdom in more than 30 years.
A Welcome Home - Saudi Aramco Hosts Annuitants’ Fourth Global Reunion Dinner
“Welcome back to your desert home” was the warm greeting from Saudi Aramco president and CEO Amin Nasser to the approximately 500 Aramcons who traveled from all corners of the globe for last week’s formal dinner held in conjunction with the fourth reunion of retired employees and their dependents.
Saudi Aramco CEO Addresses International Petroleum Technology Conference in Beijing, says Technology and Partnerships are Critical for an Efficient Energy Transition
Addressing the International Petroleum Technology Conference (IPTC) in Beijing on March 26-28, Saudi Aramco President and CEO Amin H. Nasser said that despite the energy industry facing a “crisis of perception”, it is undergoing major transformation thanks to technological breakthroughs which help energy companies meet growing energy demand more efficiently.
Saudi Aramco and McDermott Sign Lease Agreement to Establish Engineering, Procurement, Construction, and Installation Facility in Saudi Arabia
Saudi Aramco today signed a land lease agreement with McDermott Arabia Company, Ltd., a wholly-owned subsidiary of McDermott International, Inc. (NYSE: MDR), to grant McDermott a lease to establish a fabrication facility located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia. This is pursuant to a Memorandum of Understanding signed between Saudi Aramco and McDermott.
GPCA Research and Innovation Summit Chemicals Progress Highlighted
A powerful combination of youth and experience were in evidence at the Saudi Aramco sponsored Research and Innovation summit held by the Gulf Petrochemicals and Chemicals Association (GPCA) last week.
Saudi Aramco Brings ‘Roads of Arabia’ Exhibition to Athens
Saudi Aramco is proud to be a strategic partner of the ‘Roads of Arabia’, an exhibition covering the historical and cultural development of the Arabian Peninsula – opened in Athens, Greece. ‘Roads of Arabia: Archeological Treasures of Saudi Arabia’, is a joint initiative of Saudi Aramco’s King Abdulaziz Center for World Culture (iThra) and the Saudi Commission for Tourism and National Heritage (SCTH).
Spearheading Innovation: Aramco Unveils New 'Fourth Industrial Revolution Center'
At Aramco’s premises in Dhahran, a remodeled and vastly expanded office wing has been converted into a 4IR Center, where technological and digital innovation is, in turn, transforming the way in which the company runs its operations.