ARAMCO OVERSEAS COMPANY
Aramco Overseas Company B.V. (AOC) is a subsidiary of Saudi Aramco, one of the world's leading integrated energy and chemicals companies. Saudi Aramco is renowned for its extensive involvement in the exploration, production, refining, distribution, shipping, and marketing of petroleum and petrochemical products.
Key Facts about Aramco Overseas Company:
Establishment and Location:
- AOC was established to support Saudi Aramco's network of global operations. The company is headquartered in The Hague, Netherlands, providing a strategic location for facilitating international business and logistics.
Role and Functions:
- Supply Chain Management: AOC plays a critical role in ensuring the efficient execution of supply chain activities. This includes the sourcing, procurement, and logistics of materials and services essential for Saudi Aramco’s operations.
- Technology and Innovation: The subsidiary is involved in technology scouting and innovation, helping to identify and integrate advanced technologies into Saudi Aramco’s operations.
- Corporate Services: AOC offers a range of corporate support services, including financial, administrative, and human resources functions to its parent company and affiliates around the world.
- Investment Management: Managing investments and partnerships in ventures that align with Saudi Aramco's strategic goals, particularly in Europe.
Strategic Importance:
- AOC serves as a vital link between Saudi Aramco’s headquarters in Dhahran, Saudi Arabia, and its extensive global network. This connectivity helps streamline international operations and enhances collaboration with suppliers and partners.
Sustainability and Corporate Responsibility:
- As part of Saudi Aramco’s commitment to sustainability, AOC adheres to high environmental and corporate social responsibility standards. This includes initiatives aimed at reducing environmental impact and promoting sustainable business practices.
Diverse Workforce:
- Aramco Overseas Company employs a diverse workforce, with professionals from various fields including engineering, finance, procurement, logistics, and technology. This diversity supports the subsidiary's multifaceted role in supporting the global operations of Saudi Aramco.
Innovation Hubs:
- AOC often collaborates with technology companies and research institutions in Europe to stay on the cutting edge of energy and chemical industry innovations. These partnerships help drive advancements in areas like energy efficiency, renewable energy, and advanced materials.
Overall, Aramco Overseas Company B.V. is an integral extension of Saudi Aramco’s global footprint, enhancing its ability to operate efficiently and innovate effectively on an international scale.
Ships
QATIF
Offshore Support Vessel | Flag: Kingdom of Saudi Arabia | Port: DAMMAM
Maritime News
The Technology Pathways that Lead to Fuel Cells
In an article by Rhonda Moniz published this week on MarineLink, Siemens sales executive Ed Schwarz noted the flexibility provided by an electric distribution “backbone” that enables ferry operators to add more batteries, switch to new fuels or become 100% emission free with fuel cells.A string of deliveries reported this week demonstrate that steps are being taken along this pathway for a range of vessels:The hull of Lithuania’s first green hydrogen and electricity-powered ship was launched by the Klaipėda State Seaport Authority. The tanker will accept waste from vessels entering the port when it enters operation later this year.
Court Overturns Approval for Two Massive UK North Sea O&G Fields
A Scottish court has invalidated Britain's approvals for two major North Sea oil and gas projects, delivering a significant victory to environmental groups and raising uncertainty over future fossil fuel developments in the UK.The Court of Session in Edinburgh found that the government had unlawfully granted approval for Shell's Jackdaw gas field and Equinor's Rosebank oil and gas field by failing to consider the emissions generated when the extracted fuels are burned—known as downstream emissions. The ruling follows legal challenges from Greenpeace and Uplift, which argued the approval process did not align with climate obligations.
MOL Takes Delivery of Environmentally Friendly Multi-Purpose Vessel (Video)
The multi-purpose vessel Prima Verde, said to be the world’s first vessel able to run on marine gas oil (MGO) and wind assisted propulsion simultaneously, has been delivered.Operated by Mitsui O.S.K. Lines (MOL) company MOL Drybulk and owned by Daishin Shipping, the vessel), was delivered at Onomichi Dockyard.The vessel has a range of environmentally friendly features, and is the world's first vessel of any type to use green steel materials, an engine that can run exclusively on marine gas oil (MGO) and a wind assisted vessel propulsion system.JGreeX, a green steel material supplied by JFE Steel Corporation that significantly reduces CO2 emissions, has been used for the vessel's hull.
Canadian Shipwreck Hunters Unleash New Tech
Unlocking new levels of multibeam performance with Norwegian Subsea MRUMotion Reference Units (MRUs) are crucial in bathymetric survey technology, providing precise motion compensation data to ensure reliable and accurate seafloor mapping. For users like Captain Sid Hynes, a seasoned mariner exploring Newfoundland’s shipwreck-rich waters, the Norwegian Subsea MRU has redefined what is possible, delivering exceptional performance even in incredibly challenging conditions.The ChallengeAlong with his son, Matthew, Sid Hynes has dedicated countless hours to mapping shipwrecks using multibeam echosounders in the unpredictable environment of the Grand Banks.
Ranking & Reporting the World's Top 10 Vessel Owning Nations
In the ever-evolving world of maritime trade, ship ownership is a key indicator of economic influence and global commerce. As we enter 2025, Veson Nautical offers its Top 10 Ship Owning Nations, offering a detailed analysis of fleet values and industry shifts. This year, China has surged to the top, overtaking Japan in total fleet value, while geopolitical events and shifting market dynamics continue to shape the rankings.Let’s take a closer look at the global giants of ship ownership and the forces driving their dominance.1.