Adnoc IPO value setback a lesson for Saudi Aramco
When the state-owned oil company of the United Arab Emirates decided to sell a stake in its fuel-retailing unit, it had a lofty valuation target.
Saudi Aramco
Saipem wins contracts worth £300m
Italian oil industry contractor Saipem has clinched deals worth £300million ($400million) in Saudi Arabia and West Africa.
Wood backing efforts to diversify Saudi economy
Aberdeen company Wood said yesterday it was backing efforts to strengthen and diversify the economy of Saudi Arabia and remained committed to “creating and accelerating” employment opportunities in the kingdom.
Wood cements commitment to Saudi workforce
Oil service giant Wood said today that it had firmed up its commitment to training and creating opportunities for Saudi workers.
Saudi Aramco signs mega-project deals worth $4.5bn
Saudi Aramco today signed agreements worth $4.5billion with oil service firms for several mega-projects.
London made ‘strong case’ for Saudi Aramco to list in UK
The London Stock Exchange "has made a very strong case" for oil giant Saudi Aramco to choose Britain for its expected 2 trillion (£1.5 trillion) flotation, a spokesman for Prime Minister Theresa May has said.
Crackdown on billionaires, top officials shakes Saudi Arabia
Even by the standards of Crown Prince Mohammed bin Salman, whose meteoric ascent has put him on the cusp of the Saudi throne at the age of 32, the Saturday night crackdown was stunning.
Trump urges Saudi Aramco to list on New York Stock Exchange
President Donald Trump, raising the political stakes in what would be the largest initial public offering, said the U.S. would “very much appreciate” if Saudi Arabia’s government lists the Saudi Arabian Oil Co. on the New York Stock Exchange.
Saudi Prince’s graft sweep reaches Aramco board, Council
A Saudi Aramco director and a member of the royal council overseeing the world’s biggest oil exporter were arrested along with other top officials as Crown Prince Mohammed bin Salman seeks to strengthen his hand amid a reform push that includes a stake sale in the company next year.
Aramco chief says IPO still on course for 2017
The head of Saudi Aramco has said the firm’s initial public offering will go ahead this year and that the venue will be revealed “in due course”, according to a news report.
Rowan and Aramco in ‘ground-breaking’ JV
Drilling firm Rowan has started operations in a "ground-breaking" joint venture with Saudi Aramco.
Aramco plans `mega investment’ in oil’s demand growth center
Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market.
Saudi Aramco director: ‘some of us will have to step back to let the younger generation in’
Saudi Aramco director Andrew Gould said today that he’s looking to technology and young people to lead the industry out of difficult times.
Petrofac to bid for Aramco gas plant expansion, report says
International engineering firms have submitted bids to expand Saudi Aramco's Hawiyah gas plant, a news report said.
Saudi prince to pick New York ahead of London for Aramco listing, report says
Saudi Arabia’s crown prince favours listing the Kingdom’s oil giant Aramco in New York rather than London, a news report said today.
LSE defends plans that could let Aramco float
The chief executive of the London Stock Exchange has defended controversial proposals that would see listing rules changed to allow companies such as oil giant Saudi Aramco to float in the capital.
Aramco pits London against New York as Saudis pick IPO venue
Saudi Arabia aims to sell about 5 percent of Saudi Aramco in an initial public offering next year, and stock exchanges from the U.K. to Japan are vying for what may be the world’s richest IPO.
IoD says changing listing rules for Aramco a big mistake
Business leaders today warned that changing rules to let sovereign-controlled companies list their shares in London threatened to diminish the UK’s track record for strong corporate governance.
Rule change sought to let Saudi Aramco list in London
The City watchdog is pressing ahead with controversial plans to overhaul stock market rules that would allow oil giant Saudi Aramco to choose London for its record-breaking flotation.
Aramco CEO expects ‘lengthy’ transition to alternative energy mix
Saudi Aramco's chief executive expects a "lengthy" transition from the traditional energy mix to cleaner alternatives.
Oil majors among top contributors to greenhouse emissions, report says
Oil and gas supermajors and the national coal industries of three of the world's biggest countries are among the top contributors to climate change, according to a new report.
Aramco to spend $300billion as CEO frets about oil supplies
Saudi Aramco, which plans what could be the world’s biggest initial public offering, will invest more than $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas, President and Chief Executive Officer Amin Nasser said.
Saudi Aramco crude output rose to annual record in 2016
Saudi Arabian Oil Co., the world’s largest oil exporter, increased production to an annual record last year before the kingdom led OPEC and other major producers to curb output to counter a global oversupply.
Saudi’s crown prince: What does it mean for oil?
Mohammed bin Salman’s appointment as Saudi Arabia’s crown prince will not derail plans for listing the Kingdom’s oil and gas producer, an analyst has said.
Do not bend listing rules for Saudi Aramco IPO, investment fund warns
Oil giant Saudi Aramco must play by the rules if it picks the City for its two trillion dollar (£1.54 trillion) flotation and any attempt to grant it special concessions would be “highly inappropriate”, a top investment fund has warned.