Amec clinches 5-year deal with Saudi Aramco
Amec Foster Wheeler (AFW) has clinched a deal to provide Saudi Aramco with engineering and management services for a major oilfield development.
Saudi Aramco
Production cuts have worked, but we need an extension, Kemp and de Leeuw say
Oil nation’s efforts to re-balance the market via a deal on production cuts have worked, industry experts said, adding that extending the agreement is the right move.
Oil could hit $60 if OPEC cuts are extended, analyst claims
Oil could hit $60 a barrel by the year end if the OPEC pact to curb oil output is extended, a leading market analyst has claimed
Saudi Aramco in $10bn Chinese refinery pact
Saudi Aramco has signed a deal with Chinese conglomerate Norinco for the construction of a refinery and chemical plant in the north-east of the Asian country, a news report said.
Rowan bags work for jack-up rigs
Offshore drilling contractor Rowan Companies has picked up more work for its jack-up rigs in Norway, the Gulf of Mexico and Saudi Arabia.
UK prime minister invites Saudi Aramco to list shares in London
Theresa May has pushed for one of the world’s largest companies to list its shares on the London Stock Exchange during talks in Riyadh.
Saudi Aramco valuation tops $1trillion with tax cut
Saudi Aramco could have a market value of more than $1 trillion in an initial public offering after the government slashed the oil producer’s tax burden to attract investors, analysts at Sanford C. Bernstein & Co. and Rystad Energy AS said.
Saudi Aramco announces IPO for 2018
Saudi Aramco is to be publicly listed both in Kingdom and abroad in the second half of 2018.
Saudi Aramco in biggest downstream investment outside of Kingdom
Saudi Aramco has made its biggest downstream investment outside of the Kingdom.
Saudi Aramco pledged $7bn to Malaysia refinery scheme, report says
Saudi Aramco will invest $7billion in an oil refinery project in Malaysia, the country’s prime minister said.
These are all the ways a Saudi Aramco IPO could impact markets
The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.
Market reality dents Saudi $2trillion Aramco vision
Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google parent Alphabet Inc.
Saudi turning to solar in effort to save oil for export
The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help extend the life of its crucial crude franchise.
Qatar Petroleum is energy industry’s ‘hidden giant’
Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco. Yet, the country’s colossal natural gas resources allow the state-run company to pump more oil and gas than Rosneft PJSC or Exxon Mobil Corp.
Saudi Aramco mulls $5bn green energy investment
Saudi Aramco, the world’s largest oil company, is considering as much as $5 billion of investments in renewable energy firms as part of plans to diversify from crude production, according to people with knowledge of the matter.
Petronas to press ahead with project despite Saudi Aramco snub
Petronas said it is pushing ahead with plans to start operatins in 3029 despite Saudi Aramco ditching plans for the venture.
Saudi Aramco pulls out of Petronas JV – reports
Saudi Aramco has reportedly shelved plans for a multi-billion-dollar refining and petrochemical joint venture.
Aramco said to seek advisers for world’s biggest share sale
Saudi Arabian Oil Co. is asking banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to pitch for an advisory role on its initial public offering as it pushes ahead with plans for the world’s largest share sale, three people with knowledge of the matter said.
Aramco said to seek advisers for world’s biggest share sale
Saudi Arabian Oil Co. is asking banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to pitch for an advisory role on its initial public offering as it pushes ahead with plans for the world’s largest share sale, three people with knowledge of the matter said.
Saudi Arabia cuts its term crude supplies for next month India, Southeast Asia
Saudi Arabia has cut its term crude supplies for next month to refiners in India and Southeast Asia.
Seadrill nets three-year contract extension for jack-up rig
Seadrill said today that it had agreed a three year contract extension with Saudi Aramco for the AOD III jack-up rig.
Rowan, Saudi Aramco sign deal on offshore drilling rigs
Rowan Companies has struck a joint venture with Saudi Aramco to operate offshore drilling rigs in Saudi Arabia.
Saudi Aramco said among second-round bidders for OMV Turkey unit
Saudi Arabian Oil Co., the world’s largest crude exporter, is among second-round bidders for a Turkish fuel retailer owned by OMV AG, central Europe’s biggest oil and gas company, according to three people with direct knowledge of the matter.
Saudi Aramco boss predicts oil price rebound for 2017
Saudi Aramco has said it expects oil prices to rebound in the first half of next year and for demand to remain healthy.
Shell and other oil majors to reveal green energy fund this week, report says
A group of seven oil and gas companies, including Shell, will reveal plans for a renewable energy investment fund on Friday, a news report said, citing unidentified sources.