Saudi Arabia starts IPO of state-owned oil giant Aramco
Saudi Arabia has formally announced the start of its initial public offering (IPO) of the state-run oil giant Saudi Aramco.
Saudi Aramco
Aramco to trade on Saudi exchange in December, Arabiya Says
Shares in Saudi state oil giant Aramco will start trading on the Middle Eastern country’s stock exchange on Dec. 11, television news channel Al Arabiya reported, without identifying the source for the information.
Bankers shrug off risk and head back to Saudi Arabia for deals
For the second straight year, the risks of doing business in Saudi Arabia are pushing their way onto the agenda of Saudi Crown Prince Mohammed bin Salman’s glittering investment showcase.
Saudi Aramco’s $2trillion IPO delayed once again
Saudi Aramco’s stop-start initial public offering was delayed again just days before a planned launch as doubts re-emerged about the $2 trillion valuation placed on the state oil giant by Crown Prince Mohammed bin Salman.
Saudi Aramco may postpone public offering due to ‘market conditions’
Saudi Aramco abruptly postponed the launch of the world’s largest initial public offering by at least a few weeks, according to people briefed on the situation.
Saudi Aramco gives ‘all clear’ on oil production after attacks
In the wee hours of a sweltering Saturday in September, a volley of missiles and aerial explosives pierced the heart of Saudi Arabia’s oil industry.
Saudi Arabia’s credit rating downgraded after oil facility attack
Credit rating agency Fitch has downgraded Saudi Arabia over the increase in diplomatic and military tensions in the region after the kingdom's biggest oil processing facility was attacked.
Iran claims attack on Saudi oil sites was act of ‘legitimate defence’
Iran has said this month's missile-and-drone attack by Yemen's rebels on major Saudi oil sites was an act of "legitimate defence" by the Iran-allied Houthis.
Oil dips despite uncertainty about Saudi efforts to restore supply
Oil fell on signs Saudi Arabia is making progress in restoring output even as uncertainty remains about the kingdom’s ability to bring back all lost supply by the end of the month.
Big Oil chiefs talk climate change, methane and why they need gas
One of the opening events of Climate Week in New York offered a rare sight -- nine bosses of some of the world’s largest oil and gas companies in one room.
OGCI reveals new initiatives to meet Paris goals
The Oil and Gas Climate Initiative (OGCI) today unveiled a series of initiatives aimed at reducing greenhouse gas emissions (GHGs).
Oil steadies as Saudis pledge swift return of lost production
Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks.
Saudi Aramco completes £500m deal for Shell stake in refining joint venture
Saudi Aramco has completed the purchase of a 50% interest in Shell Saudi Arabia (Refining) Limited’s (SASREF) joint venture in Jubail Industrial City.
Oil price stabilises as Saudi eyes quick restoration of output
Oil stabilised on signs Saudi Arabia is quickly restoring production following a debilitating weekend attack after two tumultuous days in which it surged the most on record and then pared around half of that gain.
Weatherford, Aramco ink 5-year procurement pact
Oilfield service giant Weatherford has signed a five-year procurement deal with Saudi Aramco to deliver a range of technologies.
Saudis face lengthy oil halt with few options to fill gap
The oil market is facing a prolonged disruption to Saudi Arabia’s oil production with few options for replacing such huge output losses.
Attacks on Saudi oil facilities knocked out half of supply
Saudi Arabia's energy minister has confirmed that drone attacks on its oil facilities knocked out about 50% of the country's production.
Houthi rebels claim drone attack on Saudi oil plant
Drones claimed by Yemen's Houthi rebels have attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco.
Saudi Aramco picks top underwriters as it launches public offering plan
Saudi Aramco has picked a slew of banks to work on its planned initial public offering following intense lobbying by some of the world’s top dealmakers, people with knowledge of the matter said.
Aramco IPO could be damaging to Saudi stock market
It’s been at least three years in the making, but it’s just dawned on investors what a share sale by Saudi Aramco would do to the Arab world’s biggest stock exchange.
Saudi Aramco to be listed on Saudi stock exchange ‘very soon’, Nasser claims
The chief executive of Saudi Aramco, the state-owned oil firm that is seen as the kingdom's crown jewel, said the company is ready for a local listing on the kingdom's stock exchange and that it will happen "very soon".
Subsea 7 announces ‘large’ Saudi Aramco deal as CEO steps down
Aberdeen-based deepwater engineering firm Subsea 7 has announced a "large" contract with Saudi Aramco at its Marjan Increment project as the company's chief executive announced he would step down.
Saudi Aramco says ‘everybody’ will eventually be hit by cyberattacks
The world’s most profitable company told Offshore Europe delegates last week that “everybody” will eventually be hit by a cyberattack.
Saudi sovereign wealth fund finalises terms on $10 billion loan
Saudi Arabia’s sovereign wealth fund finalised the terms of a $10 billion loan it’s seeking to raise from a group of banks, according to people familiar with the matter.
Bankers descend on Saudi Arabia to compete for Aramco IPO
Global banks will this week start making their case on why they should be hired for what’s set to be the world’s biggest initial public offering, according to people with knowledge of the matter.