Saudi Aramco: Embracing Changes, Blazing Trails

In this month’s cover story, we put the spotlight on Saudi Aramco, currently one of the world’s leading integrated energy and chemical companies.


Introducing GineersNow: Oil and Gas Leaders – Saudi Aramco.

In this issue, we have prepared special articles for an audience interested in this specific field, especially engineers working in the oil and gas industry. Featuring articles that focus on the current trends around the world, we take on a full analysis on who’s becoming a key player in the oil and gas industry and what to expect in the years to come. From the Middle East and North Africa to Central Asia, we explore the energy sector of the different regions around the world.

In this month’s cover story, we put the spotlight on Saudi Aramco. The company is currently one of the world’s leading integrated energy and chemical companies. Despite the global challenges, Saudi Aramco proved that by embracing innovative ways of doing business, an oil and gas company can still provide an essential role in providing energy to the world. Learn more about the company’s plan to make energy more beneficial and sustainable and on how it plans to become the world leader in cutting-edge energy, chemical and clean fuel technologies.

So sit back and learn something new about the oil and gas industry today. Keep up with the latest trends in the energy sector and be aware of the current leadership styles of different companies.

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Comments 48

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  1. I am very excited to see the IPO. How they can work with the public while the country state owned oil and gas company has a conservative management. Oh… I like the GE digital stuff. Makes you wonder how many data are being poured in everyday to run those oil fields.

  2. GE’s article is an awakening of digital revolution. I hope all the oil & gas suppliers has strong cyber security. these past few days, there was an attack and we saw the devastation… it has affected hospitals, retail, business, travel and tourism. Inshallah, this will not affect industrial sectors.

  3. I am part of the Operational Excellence Team in Saudi Aramco. Thank you for featuring our CEO. Fantastic story and very informative story about the energy industry. We are striving to be better and to help our community.

  4. شكرا جزيلا. هذه قصة مثيرة جدا للاهتمام. أعمل في أرامكو السعودية.

  5. I am the President & CEO of ARAMCO Asia based in Beijing. We are thankful to the editors for featuring our CEO. Highlighting the importance of Aramco’s global commitment to energy security is a paramount to our objective.
    Amidst the fleeting and challenging environment, Aramco strives to remain commited to its avowed responsibility of bringing energy to the world and true to its core belief that energy enables opportunities.

  6. محرج.
    قصة ممتازة عن القيادة.
    Salem Al Harthi
    Senior Manager, Maintenance @ SABIC EXXONMOBIL JV KEMYA

  7. Very interesting story about Saudi Aramco. Well done for their philosophy. Indeed, “energy is opportunity”.
    Turki AL-Shehri
    General Manager Operations
    SIPCHEM

  8. Cloud technology would provide oil and gas businesses in Middle East with the powerful processing capabilities that they need, while facilitating the links between multiple offices across the world and enhancing the security of sensitive information by storing it in a virtual hub rather than on local servers—all at an appealingly low cost of entry.
    Abdulaziz Al-Joud
    General Manager
    Saudi Aramco Total Refining and Petrochemical Company (SATORP)

  9. In the near term, automation and EOR are expected to have the greatest impact on the oil & gas sector; in the medium term, it is high-pressure, high-temperature drilling and multi-stage hydraulic fracturing; from 2025 and beyond, subsea robotics is seen as most promising.
    Jackie Wessels
    Head of Safety Mesaeeid
    Qatar Petroleum

  10. We manage proven conventional crude oil and condensate reserves of 261.1 billion barrels. Our average daily crude production is 10.2 million barrels per day (bpd), and we have stewardship of natural gas reserves of 297.6 trillion standard cubic feet (scf). This is our commitment to energy security around the world.

    Aroob Tawfiq
    Organization Performance Advisor
    Saudi Aramco

  11. Fantastic coverage of Ingersoll Rand. Thank you.
    Our product portfolio consists of Industrial products such as compressors, tools, material handling, pumps and electric vehicles, Climate solutions such as refrigerated transportation, retail refrigeration, heating, ventilation and airconditioning systems and Residential solutions such as Interactive ACs and door locks.
    Jayantika Dave
    Director
    Ingersoll Rand (India)

  12. Saudi Aramco is proud that the concept of social responsibility is not a new phenomenon in the realm of our business. It is deeply embedded within the values of the company and is reflected in the value of citizenship. We are keen to be an active partner in any serious effort for development.

  13. Target mid-stream companies, natural gas or oil. Prices don’t effect them they only transport. When prices fall companies have a tendency to ship more to cover their coverhead, prices rise they ship more for profit.

    David Kibodeaux
    E&I QA/QC INSPECTOR
    Cleveland Integrity Services, Inc.

  14. Excellent cover story. Kudos to the editors.
    Digital technology investment is helping oil and gas companies reduce costs and make better, faster decisions. Despite the downturn, oil and gas companies plan to invest the same amount or more in digital technologies—including cloud-enabled mobility, Big Data-powered analytics and the Internet of Things (IoT).

    Abdulelah AlBarrak
    Strategy Consultant – Saudi Arabia
    Accenture Strategy

  15. The impact of the extended oil price downturn will likely have long-term effects on the industry in a number of areas including capital allocation and people:

    Capital allocation
    The survival mentality in the oil and gas industry seems to have resulted in a mindset shift toward shorter-cycle projects. $620 billion of projects through 2020 are estimated to have been deferred or canceled as a result of the downturn, and the appetite for long-term and complex major capital projects has waned, despite a few notable exceptions. While this trend certainly seems to lower the risk of individual companies in the industry, it may pose some broader questions regarding energy supply and security. Where will supply come from in 2020 and beyond? Are there enough short-cycle projects to fill the supply gap? Will the capital markets support the long time horizons acquired to develop more complex projects?

    People
    Prior to June 2014, one of the common challenges facing the industry was talent. Would the industry find the skilled workforce needed to fulfill the potential of shale revolution as well as the growth in deepwater and related mainstream projects? In the wake of massive layoffs, these concerns seem very distant. However, the question for the industry is: Will the people come back to the industry when the recovery begins in force?

    John England
    Vice Chairman | US Energy & Resources Leader
    Deloitte LLP
    +1 713 982 2556

  16. Increase of oil production in North America won’t lead to a global oil prices collapse. Modern methods for evaluation of shale oil reserves allow considerable uncertainty therefore we are cautious in our estimates of the US production potential. A number of factors that include the
    growing cost of reserve replacement, the balancing role of OPEC and depreciation of US dollar will help to support the current levels of oil prices in long term.

    Robert Lee
    Head of Strategic Development / M&A
    LUKOIL

  17. Gas consumption will grow faster than oil consumption. The greatest potential for gas consumption growth is in China, while the European markets – Russia’s traditional clients – will continue remain stagnant.

    Henrik von Scheel
    Advisory Board Member
    Gazprom

  18. Oil and its price are perhaps the most discussed topic in the world media today. Economists, experts, politicians, and ordinary people put forward different versions of the reasons for such a sharp and sudden decline and are trying to figure out what will happen to oil prices in the future. And life presents new facts that are difficult to fit into the Procrustean bed of any laws.

  19. Falling oil prices are expected to affect the growth prospects of the Saudi Arabian construction industry, as the country generates 73% of its total revenue from the oil sector.

  20. Much of the oil and gas industry has survived an especially tough few years with weak demand and low prices. It has been difficult to make strategic decisions and plan for the future.

    Khalid Al-kuwari
    Operations Manager, Refining
    Qatar Petroleum

  21. In the oil and gas industry, the promise of IoT applications lies not with managing existing assets, supply chains, or customer relationships but, rather, in creating new value in information about these. An integrated deployment strategy is key for O&G companies looking to find value in IoT technology.

    Anshu Mittal
    Executive Manager, Energy & Resources
    Deloitte India

  22. The period of lower prices is taking hold in the oil and gas sector, particularly in Middle East region, which is putting heavily indebted oil and gas companies on credit-rating agencies’ watch lists and derailing the CAPEX and distribution plans of even the most efficient ones. Tackling this structural weakness in oil prices requires more than financial adjustments. It demands a change in the industry’s approach to technology: from using operational technologies to locate and exploit complex resources, to using information from technologies to make hydrocarbon extraction and every successive stage before sale more efficient and even revenue-generating.

    Faisal Alharbi
    Director, SFS Reporting Financial Services
    Sabic

  23. Upstream companies (e.g., exploration and production) focused on optimization can gain new operational insights by analyzing diverse sets of physics, non-physics, and cross-disciplinary data. Midstream companies (e.g., transportation, such as pipelines and storage) eyeing higher network integrity and new commercial opportunities will tend to find significant benefit by building a data-enabled infrastructure.

    Alaa Shraim
    General Manager – ACCPU
    The Dow Chemical Company

  24. أنا أحب كل التعليقات في هذا المنتدى.

    Saud Alsubaie
    Operation Engineer
    Saudi Aramco Total Refining and Petrochemical Company (SATORP)

  25. The last decade has seen enormous advances in technology related to finding, estimating, and producing oil and gas. A decade ago, many of these technologies would have seemed like scenes from a Sci-Fi novel. But today, they are realities.

    Fatema A. Husain
    Process Engineer
    The Bahrain Petroleum Company (BAPCO)

  26. There’s no doubt the global drop in oil prices has hit the offshore drilling industry hard – and during the toughest conditions for decades, rig owners are having to use their ingenuity to remain operational.

    William Wu
    Energy Insights
    McKinsey

  27. To fully leverage the massive amounts of data that are becoming available inside organizations requires a commitment from the top and a vision of what makes each company unique followed by a plan to execute on this new information.

    Michael Tidy
    Vice President, Industrial IoT Division
    ZTR Control Systems

  28. Some of the prominent trends that the market is witnessing in offshore drilling is the increasing investments in emerging regions, burgeoning consumption of oil & gas across globe, recent technological developments of offshore drilling and growth opportunities/investment opportunities.

    Yehya Altameimi
    Vice President
    Nabors Global Drilling Saudi Arabia

  29. Good stuff and entertaining website you got. Brilliant way to spread engineering news.

    Jasmine Copeland
    Communications Associate
    Aramco Overseas Company

  30. هذا الموقع هو مدهش!

    Fuad Al-Garni
    Marketing & Sales Manager ( PU & Chemicals )
    Sadara Chemical Company

  31. Oil and Gas companies must link their investment programs to options that are suitable for a more carbon-constrained operating environment.

    Abdul Aziz Al-Maimani
    Operational Excellence Section Head, Operational Excellence and Management Representative
    Petro Rabigh

  32. Statoil has taken bold steps in reducing carbon footpirnt by launching an ambitious internal project to review every turbine and compressor it operates. It intends to upgrade or replace equipment as needed.

    Neri Askland
    VP Middle East
    Statoil

  33. May this Ramadan be as bright as ever. Happy Ramadan to our oil & gas colleagues.

    Dr. Zahir Uddin
    Head Admin Area HR
    Saudi Aramco

  34. Analytics represent a very important opportunity to transform the oil & gas industry.

    Adi Jaradat
    Project Manager
    The Abu Dhabi Company for Petroleum Oil Operations (ADCO)

  35. The goal of digital transformation is not to just digitize the data but to use the data to drive actionable intelligence.

    Abdulla Al Marzouqi
    Performance Section Head
    GASCO

  36. We will see a significant cost savings improvements in productivity and revenue with the digitalization of oil & gas industry.

    Abdullah Al-Ghadid
    Head of international Joint Venture
    Qatar Petroleum International

  37. Data connection should be upgraded in all remote areas if you want a successful digitalization. Offshore platforms can generate more than a terabyte of data daily, but the satellite uplink is way too slow – therefore the operations teams on land can’t keep up with the available data.

    Mohammed Saifaldeen
    Engineer
    RasGas Company Ltd.

  38. Ramadan Kareem to everyone in this group.

    Khalid Bin Saud Bin Hareesh AlMalki
    Contract Advisor
    Saudi Aramco

  39. رمَضَان كريم

    Abdullah Al- Qurishah
    EWPPD/Master Gas Sys Exp Proj Phase-II
    Saudi Aramco

  40. Given the challenging economics of the day, oil and gas companies need to put their investments in analytics

    Rebecca Nye
    Global Interpretation and Evaluation Services Manager
    Weatherford

  41. Harnessing new technologies could boost efficiency in the oil & gas industry.

    Tobias Mertens
    Consulting and Support Delivery Manager – Bahrain, Oman and Kuwait
    Microsoft Gulf

  42. عيد مبارك للجميع

    Abdullah Al-Ghadid
    Head of international JV
    Qatar Petroleum international

Saudi Aramco: Embracing Changes, Blazing Trails

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