Overview
- The Saudi company announced preliminary agreements with U.S. firms across energy, manufacturing, procurement, and finance during Crown Prince Mohammed bin Salman's Washington trip.
- Aramco named a potential investment with MidOcean Energy in Energy Transfer’s Lake Charles LNG project and a collaboration with Commonwealth LNG in Louisiana.
- Major service and engineering partners cited include Baker Hughes, Halliburton, SLB, McDermott, KBR, Fluor, Worley, NOV, and Flowserve, alongside financial ties with Blackstone, PGIM, Loomis Sayles, and JPMorgan.
- Aramco did not disclose deal-level values, and the agreements remain preliminary pending further negotiation and project final investment decisions.
- The latest MoUs follow a May tranche of 34 preliminary agreements reportedly worth up to $90 billion, with CEO Amin Nasser saying the new deals should serve as a springboard for further progress.