In Short : Aramco has reported a 14% decline in net income for the first quarter. This financial outcome reflects the impact of various factors such as fluctuating oil prices, market dynamics, and global economic conditions on the company’s performance during the quarter. In Detail : Saudi Aramco, the energy giant, revealed a 14 percent […]
Aramco sustainability report details next steps toward operational net-zero ambition – EQ Mag Pro
Goal to reduce Upstream carbon intensity by at least 15% by 2035, against 2018 baseline Greenhouse gas emission initiatives aim to reduce or mitigate more than 50 million metric tons of CO2 equivalent annually by 2035 Goal to capture, utilize or store 11 million metric tons of CO2 equivalent annually by 2035 Company aims to […]
Making Hydrogen Transportation Commercially Viable – EQ Mag Pro
Hydrogen is a clean fuel that gives off water instead of carbon emissions when burnt, offering a sustainable alternative to conventionally used fossil fuels. There are some remaining hurdles to overcome to make hydrogen use commercially viable in the transport sector. New technologies and methods will be needed. Saudi Arabian oil company Aramco provides a […]
Aramco likely to partner with China on blue hydrogen, CEO says
Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage, CEO Amin Nasser said. ‘All of these are essential to achieving our long-term, low-carbon ambitions,’ he added Saudi Aramco plans to “expand and intensify” its cooperation with China on research in areas including hydrogen and […]