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Schlumberger : Q1 2024 Earnings Conference Call Transcript

Evercore: Aramco s decision to suspend jack up rigs to put slight damper on dayrate progression

In March, Saudi Aramco announced plans to reduce capital investment by roughly $40 billion between 2024 and 2028. This was mostly due to the Kingdom’s decision to maintain productive capacity at 12 MMbpd. As part of the decision, Aramco has suspended 17 rigs to date, with a potential for additional releases in the near term.

Aramco sees China demand growing, eyes more investments

Saudi Aramco 2223.SE Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing.

Saudi Aramco slashes four-year capex target by $40 billion as capacity expansion projects shelved

Saudi Aramco slashes four-year capex target by $40 billion as capacity expansion projects shelved
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