Aramco accounts show scale of challenge facing Crown Prince
The first look at the financial guts of Saudi Aramco show a corporate cash gusher, pumping billions in profit every month and beating every other big name in global business.
Saudi Aramco
Saudi Aramco encourages women with diversity collaboration
State-owned oil giant Saudi Aramco has said today that it is seeing the benefits of a collaboration formed last year between the firm and the Exploration and Petroleum Engineering Center (EXPEC) Advanced Research Center (ARC) established Women at EXPEC ARC Network (WEN).
Saudi Aramco announce £31billion Indian refinery in consortium deal
State-owned oil giant Saudi Aramco has today announced a deal to build a £31billion refinery and petrochemical project on the West Coast of India.
Report: India to give Saudi Aramco 50% stake in mega refinery
India is set to grant Saudi Aramco a 50% stake in a 1.2million barrel-per-day refinery on its west coast, according to a news report.
Saudi oil goal of $80 a barrel will hurt fastest growing buyer
Oil’s rally to $70 a barrel is threatening to clip India’s economic wings at a time when Saudi Arabia is looking to join a $30 billion refinery project in the world’s fastest growing market.
Saudi Aramco sign £6billion deal with Total to build giant petrochemical complex
While on a visit to Paris the Crown Prince of Saudi Arabia inked a more than £6billion deal between Saudi Aramco and Total to build a giant petrochemical complex in Jubail, Saudi Arabia.
Saudi Arabian companies plan massive Houston-area investments
Saudi Arabia's premier energy companies are planning to invest billions of dollars in their Houston-area petrochemicals operations to take advantage of cheap natural gas feedstocks from West Texas shale fields.
Joint venture behind new Saudi maritime yard up and running
A joint venture which was set up to develop a major maritime yard in Saudi Arabia is up and running.
Aramco gets cool response on IPO from US investors
Saudi Arabia’s willingness to delay the initial public offering of state oil company Aramco to 2019 has several motivations, from regulatory risk to competing projects in the government’s crowded agenda.
Saudi Aramco touts mobile carbon capture, cultivates sustainability research
Saudi Aramco, the world's biggest oil producer, wants to develop technologies that can collect carbon emissions from heavy-duty trucks, store that CO2 at refueling stations – and use it to harvest more oil.
Aramco leads raft of Saudi-UK deals in prince visit
Saudi Arabia’s national oil company signed a batch of deals with U.K. companies including Royal Dutch Shell Plc as Crown Prince Mohammed bin Salman visits the nation in an effort to demonstrate the kingdom is open for business.
The next entrant in the shale revolution? Opec’s Saudi Arabia
Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas.
Saudi Aramco CEO isn’t losing sleep over electric vehicles
Saudi Arabia’s oil company isn’t afraid of electric vehicles.
Russia may invest in Saudi Aramco IPO via fund with China
Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco’s initial public offering, according to the head of a sovereign Russian investment fund.
Subsea 2018: Saudi Aramco buyers to visit Aberdeen to procure subsea services
Top buyers from Saudi Aramco - one of the world’s largest oil producers - will be in Aberdeen later this year to secure services in the subsea sector.
Clarke closes $10million venture round led by Saudi Aramco
Today, Clarke Industrial Engineering completed the sale of $10 million of Series B Preferred Stock to a group of investors led by Saudi Aramco Energy Ventures.
Saudi Aramco contract McDermott in heavyweight jacket deal
US firm McDermott International have been hired by Saudi Aramco to provide 13 jackets to projects off the coast of Saudi Arabia.
Aramco CEO says post-IPO tax burden will shift with oil prices
Saudi Arabia plans to link the most important tax paid by state-owned energy giant Aramco to the price of oil, a significant move ahead of the company’s initial public offering this year.
Aramco ‘ready for IPO’ as listing venues up in air
Saudi Arabian Oil Co. is ready for its initial public offering in the second half, with the government yet to decide where to list the shares, Chief Executive Officer Amin Nasser said.
Goldman, Citi are said to be in lead for top roles in Aramco IPO
Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale.
Goldman, Citi are said to be in lead for top roles in Aramco IPO
Saudi Arabian Oil Co. is set to appoint Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale.
Aramco converts to joint stock company ahead of IPO
Saudi Aramco has been converted to a joint stock company to pave the way for an initial public offering later this year.
Saudis seen counting on 80% surge in oil income to balance books
Saudi Arabia’s plan to erase its budget deficit by 2023 relies on a scenario that would see oil revenue surge by about 80 percent, according to people with knowledge of the matter.
Video: Saudi Finance Minister on budget, Aramco IPO
Saudi Arabia Finance Minister Mohammed Al-Jadaan discusses the Saudi budget, generating revenue off the Aramco IPO and the government’s anti-corruption crackdown. Watch the video to find out more.
Saudi Aramco seeks pitches for IPO coordinator roles
Saudi Arabian Oil Co. is asking banks to pitch for roles as coordinators and bookrunners on its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with plans for the world’s biggest share sale.