Saudis emerge from Khashoggi crisis with $85bn bond orders
Saudi Aramco, the world’s largest oil company, has received $85 billion in orders for its debut bond sale, an offering where yields may fall in line or below Saudi Arabia’s sovereign debt.
Saudi Aramco
Saudis emerge from Khashoggi crisis with $75 billion orders
Saudi Aramco, the world’s largest oil company, has received $75 billion in orders for its debut bond sale, kickstarting an offering with yields likely to fall in line or below Saudi Arabia’s sovereign debt.
Saudi Aramco set for mega debt deal pitched by JPMorgan’s Dimon
In a bond sale closely watched by investors globally, Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering this week. Early indications suggest investors are already crowding in.
Saudi Aramco in £52.2billion deal for majority stake in Sabic
Saudi Aramco has signed a £52.2billion deal to acquire a majority stake in petrochemicals firm Sabic from the country’s sovereign wealth fund.
Saudi Arabia: We’ll pump the world’s very last barrel of oil
Saudi Arabia isn't buying the peak oil demand narrative.
Saudis raise oil reserves ahead of Aramco’s planned IPO
Saudi Arabia published the first audit of its vast oil reserves since it nationalized its energy industry about 40 years ago, saying its reserves total 268.5 billion, slightly more than the 266.3 billion figure that the government published previously.
Cyber-attacks and the threat to Big Oil
Former member of hacktivist group Anonymous, Mike ‘sting3r’ Jones discusses the recent Saipem cyber-attack and the immediate threat to Big Oil.
Oil market hinges on Saudi dilemma: Bust budget or anger Trump?
The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy.
Aramco to invest £390bn as oil giant expands abroad
Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.
Tech firm invests in new bases to service demand
A north-east oil and gas technology firm has opened two new offices in a bid to support demand for its pioneering, torpedo-esque data logging tool.
Rowan sells two jack-up rigs to its Saudi Aramco JV in £200m deal
Offshore driller Rowan has sold two jack-up rigs to its Saudi Aramco joint venture in a deal worth £202million.
Saudi Crown Prince’s 2021 Aramco IPO deadline is daunting test
One of the biggest-ever mergers in the oil industry. The largest corporate bond sale on record. The most lucrative initial public offering in "human history." The timetable: two and a half years.
Pragma inks £535k contract with Saudi Aramco
A fledgling Aberdeen-based oil field technology company has inked a three-year contract worth £535,000 with energy giant Saudi Aramco.
Saudi Arabia to hand Saudi Aramco ‘exclusive’ 40-year drill concession
Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering, a person familiar with the matter said.
A Saudi-Iran oil war could break up OPEC
When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a brewing price war between Saudi Arabia and Iran.
Saudis play down Aramco float cancellation
Saudi Arabia has insisted it "remains committed" to a two trillion US dollar (£1.5 trillion) stock market listing of oil giant Saudi Aramco, despite reports suggesting it has been abandoned.
Aramco pumps more than £1m into Well-Sense
Middle Eastern energy and petrochemicals giant Saudi Aramco has backed a north-east developer of pioneering oil field technology.
Saipem announces £600m in onshore oil and gas contracts
Italian oil firm Saipem has announced more than £600 million in worldwide engineering and construction (E&C) contracts.
Aramco says Sabic deal would affect IPO timeline
Saudi Aramco signaled another potential delay for the world’s largest initial public offering after it started talks this week to buy a stake in a local petrochemical company.
Aramco IPO preparations stall, report says
Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company, the Wall St. Journal reported, citing Saudi officials and people close to the process.
Saudi Aramco claim spare capacity of two million barrels per day
Saudi Aramco revealed today that his firm has spare capacity to the tune of two million extra barrels of oil per day.
Saudi oil minister says timing of Aramco IPO ‘isn’t critical’
Saudi Oil Minister Khalid Al-Falih signaled the possibility the initial public offering of Saudi Aramco could be delayed beyond 2019, saying that "timing isn’t critical for the government of Saudi Arabia."
New rules could ‘pave the way’ for Saudi Aramco premium listing
The City regulator has finalised controversial new listing rules that could pave the way for a two trillion £1.5 trillion London flotation of Saudi Aramco.
ARO Drilling wins four contracts from Saudi Aramco for Rowan jack-ups
ARO Drilling has won four contracts from Saudi Aramco for Rowan jack-up rigs.
Aramco, Total eye Saudi fuel station swoop
Saudi Arabian Oil Co. and Total SA are weighing jointly buying businesses such as Tas’helat Marketing Co. to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter.