Aramco signs MoUs with three US firms - Breaking The News
Download our appPlay StoreApp Store

Aramco signs MoUs with three US firms

EPA-EFE/ALBERT ZAWADA

Saudi Aramco announced on Friday that it signed Memoranda of Understanding (MoUs) with several American companies amid United States Energy Secretary Jennifer Granholm's visit to Saudi Arabia.

The oil giant signed MoUs with companies including Aeroseal, Spiritus and Rondo. With Aeroseal, Aramco agreed to, "to explore opportunities to accelerate the deployment of Aeroseal's technology in the company's building fleet and elsewhere," as well as to "pursue joint testing of building ductwork and envelopes" across the kingdom. The agreement with Spiritus includes plans to "explore opportunities in the field of direct air capture," and with Rondo, it reached a deal to "explore deployment of heat batteries in Aramco's global facilities to reduce operating costs and support emissions reduction initiatives."

Aramco Senior Vice President of Technology, Oversight & Coordination Ali Al-Meshari stated the partnerships will help the company make progress towards its ambition to achieve net zero emissions by 2050.

Related Stocks
Saudi Aramco
Related News
Baker Hughes: US oil rig count down by two to 484
The number of oil rigs in the United States decreased by two to reach 484 in the week ending March 28, according to the Baker Hughes weekly rig count released on Friday. The rig count declined by 22 year-on-year.The country's gas rig count climbed by one to 103 in the reported week, dropping by nine from the same period in 2024. The total number of rigs in the US stood at 592, dipping by one from the previous week and slipping by 29 from the same period...
EIA: US crude inventories down by 3.4M barrels
Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went down by 3.34 million barrels to 433.6 million barrels in the week ending March 21, the Energy Information Administration (EIA) stated in its report published on Wednesday.Oil refinery inputs averaged 15.8 million barrels per day (bpd) during the same week, decreasing by 87,000 bpd compared to the previous week's average. Refineries...
Oil up by over 1% ahead of US inventories
The prices of oil futures increased on Wednesday ahead of the Energy Information Administration's (EIA) newest report on oil inventories in the United States. Meanwhile, API data showed that US crude oil inventories fell by 4.6 million barrels last week, surpassing market expectations of a 2.5 million-barrel decrease, fueling supply concerns. Further, on Monday, Trump signed an order enforcing 25% tariffs on imports from countries purchasing Venezuelan oil,...
Ukraine: Russia targeted eight energy sites since March 18
Senior Ukrainian presidential official Ihor Zhovkva has accused Russia of attacking at least eight energy facilities since 18 March, despite previously announcing a halt to such attacks. Speaking on Ukrainian television on Wednesday, he also noted that discussions with US officials over a Black Sea truce did not include any preconditions.The Kremlin, however, insisted that Russian forces have followed Russian President Vladimir Putin's order to stop attacking...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.