Solutions by STC to upgrade Aramco’s exploration and reservoir analysis

Solutions by STC will deploy an SAR 1.4 bn upstream supercomputers project for Aramco, according to a Tadawul disclosure. Under a signed one-year agreement, Solutions will provide high-performance computing systems, software licensing, and managed services to enhance Aramco’s oil and gas exploration and reservoir analysis through improved subsurface imaging and data processing.

GCC oil players are focusing on the value chain: S&P Global expected GCC national oil companies to prioritize value chain integration and upstream activities this year despite cautious spending. While regional capex is projected to rise, its players will remain focused on exploration, production, and securing reliable feedstock flows from upstream to downstream operations.

Gasco eyes 50% of Jacko Gases

Gasco to acquire 50% of Jacko Gases for SAR 125 mn: National Gas and Industrialization Holding Company (Gasco) signed an equity interest purchase agreement to acquire a 50% stake in Jacko Gases from Mohammed Saleem Al Otaibi Company, it said in a bourse filing. The SAR 125 mn transaction is structured as a capital injection intended to double Jackco’s share capital — valuing the company at SAR 125 mn pre-acquisition — and fuel its expansion plans.

What’s next: The transaction, to be financed from internal resources, remains subject to regulatory approvals and will lead to Jacko’s financial consolidation upon completion.

Top line snapshot: Jacko Gases, which operates in the production, filling, and distribution of industrial and medical gases, posted a 30% y-o-y increase in revenues to SAR 66 mn in 2025, up from SAR 51.5 mn in 2024.

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