Aramco

Following the signing of definitive agreements in June, Aramco has completed its acquisition of a 10% equity stake in Horse Powertrain. Renault Group and Geely each retain a 45% equity stake. Aramco’s investment is expected to accelerate Horse Powertrain’s efforts to develop next-generation ICE and ...

Aramco to acquire 10% equity interest in HORSE Powertrain Limited. The Saudi Arabia's state oil company bets on ICE

The new company, which may be headquartered in the UK, will include 17 engine plants and 5 R&D centers in 3 continents with 19,000 employees in a full fledge effective organization strategically structured to provide powertrain solutions for multiples OEMs. Also in the light commercial vehicle secto...

TotalEnergies, and its co-venturers QatarEnergy and Petronas PetróleoBrasil Ltda (PPBL) have won the Agua Marinha block today in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP).