Week 35 in Review: Company efforts to build economy and protect the environment from Houston to China and all points in between
Offshore Technology Conference, China-Arab States Expo, and another in our series on Aramco’s Hydrocarbon Journey top this week’s offerings.
Here are some of the top stories from the past week on Aramco LIFE.
On Aug. 19, Mohammed Y. Al-Qahtani, senior vice president of Downstream, attended via video-link the China-Arab States Expo held in Yinchuan, in northwest China’s Ningxia Hui Autonomous Region.
Al-Qahtani noted that over the past 30 years, Aramco and China’s bilateral relations have grown far beyond the buying and selling of crude oil, to a diversified investment portfolio, and even joint operations.
And not only that, but he said the Kingdom and China are working to balance economic and environmental goals,, embracing in the circular carbon economy approach.
“We want to work with China to leverage our industry leadership on emission reduction … as well as our innovations to reduce, reuse, recycle, and remove carbon dioxide … and bring about more sustainable energy solutions,” he said.
The world’s premier oil and gas show, the Offshore Technology Conference (OTC), resumed this year in a hybrid format with in person in Houston and virtual events. Aramco continued its support of the conference, Aug. 16-19, which is sponsored by 13 industry organizations and societies covering all aspects of the energy industry.
“Focus on the Future: A Global Perspective on Offshore Energy” set the stage for discussions on the energy transition and how offshore exploration and production continues to achieve emissions reduction from operations with a look ahead at new investment and emerging energy opportunities.
At Aramco, drilling, the heartbeat of the petroleum industry, involves drilling through layers of soil, rock, salt, and other obstacles, to a reservoir in the layer of Earth known as the Arab Zone.
And we have decades of greenhouse gas mitigation in our operational DNA, reflected in our zero-flaring efforts to its gravity-based reservoir pressure to its intelligent oil wells. This is in addition to its efforts to be a leader in the circular economy, which includes developing environmentally friendly initiatives to reduce its footprint.
The company recently trained and certified more than 1,400 of its employees on the circular carbon economy.
The U.S.-Saudi Business Council hosted an Aramco Supplier Forum alongside OTC for U.S. companies interested in doing business with Aramco. The event drew approximately 140 attendees, both in person and online.
Our company’s growth and transformation offer substantial opportunities for suppliers, manufacturers and investors in a number of key energy sectors, with a special focus on sustainability and decarbonization products; technology for 3-D printing and robotics; industrial applications of steel plate manufacturing, modular construction, and energy storage; and materials such as nonmetallics and carbon fiber.
Representatives of King Salman Energy Park (SPARK) also participated in the forum and had an opportunity to discuss their key expansion projects and localization efforts.
Aramco Trading Company (ATC) has launched a new modern and easy-to-navigate website that fully illustrates how the relentless creativity of the company’s 300 team members form the beating heart of its commercial success — today and in the future.
The newly enhanced digital platform reflects ATC’s internal ethos of diversity, flexibility, and inclusivity. All staff are encouraged to maximize their intellectual and innovative potential, as per the company’s five key values that are detailed on the website: Accountability, Citizenship, Integrity, Safety, and Excellence.