Aramco Strengthens Partnerships and Expands into Hydrogen Sector
Key Ideas
  • Aramco awards contract to Dar Al-Handasah Consultants for engineering and project management services, extending a long-standing partnership dating back to 1957.
  • Saipem secures two contracts worth approximately US$500 million from Aramco for projects related to crude trunkline construction and production maintenance in Saudi Arabia.
  • Aramco invests in Blue Hydrogen Industrial Gases Company, a step towards expanding their alternative energy solutions and establishing a lower-carbon hydrogen business.
  • The partnership agreements and acquisitions reflect Aramco's commitment to strategic growth, innovation, and sustainability in the energy sector.
Saudi Arabian oil and gas giant Aramco has awarded a significant engineering and project management agreement to Dar Al-Handasah Consultants, further solidifying their partnership. The contract entails a range of consultancy services to support Aramco's infrastructure initiatives over the next five years, with the potential for extension. Dar's chairman expressed gratitude for the opportunity to contribute to Aramco's strategic goals. Additionally, Aramco recently granted contracts to Saipem for key projects in the Abu Safa field and other areas, marking substantial progress in their ongoing developments. Furthermore, Aramco's acquisition of a 50% stake in Blue Hydrogen Industrial Gases Company signals their strategic shift towards expanding into the hydrogen sector and promoting lower-carbon solutions. These actions align with Aramco's vision to diversify their energy portfolio and reduce their carbon footprint. The company's strategic partnerships and investments demonstrate a positive outlook towards growth, innovation, and sustainability within the energy industry.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.