In a recent move, Saudi oil & gas giant, Aramco has inked 17 Memorandum of Understanding – MoUs as well as agreements with major US companies having a potential total value of over $30 billion, the state giant confirmed on November 19, 2025.
The MoUs and agreements also include a probable investment in the Lake Charles liquefied natural gas project, which has been signed with MidOcean Energy, and also a deal that’s linked to Commonwealth LNG based out of Louisiana and even the potential purchase of LNG as well as gas.
Apart from the LNG projects, MoUs and agreements that were announced on November 19 also covered financial services and certain advanced materials manufacturing, as well as materials and services procurement, said Aramco.
The oil giant also announced contracts as well as agreements with US suppliers, including the likes of Baker Hughes, SLB, McDermott, NESR, Halliburton, NOV, KBR, Worley, and also Fluor.
It is well to be noted that the announcement coincides with the US-Saudi Investment Forum 2025 that is being held in Washington, DC.
These latest developments also add to the 34 MoUs and agreements that have been signed between Aramco and the US companies, which were announced in May 2025 and have a potential value of around $90 billion.
In a statement that has been issued by Aramco, Amin Nasser, its chief executive, underscored ties with US companies that stretch back to the 1930s.
He added that they expect the multi-billion-dollar MoUs as well as agreements that have been announced to act as a springboard for more growth, thereby strengthening the longstanding legacy of the Saudi Oil & Gas Giant of collaboration along with American counterparties as well as unlocking new value creation choices that happen to promote innovation as well as growth.
Donald Trump, the US president, happened to hold talks with the Crown Prince of Saudi Arabia, Mohammed bin Salman, at the White House on November 18, 2025, in which the Crown Prince remarked that his country is going to increase investment in the US to around $1 trillion.
Saudi Arabia had in the past committed to investing $600 million in the US; that apparently was announced during the visit made by Trump to the Middle East in May 2025.
