Aramco remains world’s most profitable company even as oil falls
Saudi Aramco showed Monday it’s still the world’s most profitable company -- and paid out almost all its net income in dividends -- despite the dwindling price of oil.
Saudi Aramco showed Monday it’s still the world’s most profitable company -- and paid out almost all its net income in dividends -- despite the dwindling price of oil.
It was an unprecedented move against once-inviolable power figures in the kingdom, framed as a crackdown on corruption.
Energy services firm McDermott has been awarded a “large” contract with Saudi Aramco in the Arabian Gulf.
Shell boss Ben van Beurden said today that the company was closely monitoring tensions in the Strait of Hormuz.
The Abu Dhabi National Oil Company (Adnoc) has entered into a pipeline infrastructure investment pact with GIC, Singapore’s sovereign wealth fund.
BP and Italian oil firm Eni today signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Sultanate's Oil Ministry.
The Abu Dhabi National Oil Company (Adnoc) said today that it had completed one of the world's largest-ever refinery deals.
Subsea inspection, maintenance and repair (IMR) firm N-Sea has announced a trio of contracts worth about £12 million combined in the Middle East.
A joint venture involving UK energy service giant Petrofac will carry out early design work on an offshore oil project in the Middle East.
A second warship has arrived in the Strait of Hormuz to protect British ships as the Iranian seizure of a tanker enters its second week.
Iran has warned it will protect its waters after the UK set out plans to put together a European maritime force to defend shipping in the Strait of Hormuz.
Britain is to seek to put together a European-led maritime mission to protect ships sailing through the Strait of Hormuz following the seizure by Iran of a British-flagged tanker.
Prime Minister Theresa May will lead a meeting of the U.K. government’s emergency committee on Monday to discuss the security of shipping in the Persian Gulf after Iran seized a British oil tanker in the Strait of Hormuz last week.
The Government said it remains "deeply concerned" by the "unacceptable" seizure of a British-flagged oil tanker by Iranian authorities in the Persian Gulf.
President Donald Trump said the U.S. “immediately destroyed” an Iranian drone that approached the USS Boxer near the Strait of Hormuz, though officials in Tehran denied losing one.
Petrofac has celebrated the start-up of a major oil and gas production facility in Oman.
When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort.
Iran's state TV is reporting that the country's paramilitary Revolutionary Guard forces have seized a foreign oil tanker accused of smuggling oil.
Iran's top leader has said his country will retaliate over the seizure of an Iranian tanker by British authorities.
Saudi Arabia’s sovereign wealth fund has acquired a 40% stake in a joint venture between state energy producer Aramco and Jacobs Engineering Group Inc., according to three people familiar with the matter.
Jeremy Hunt is to launch a fresh diplomatic bid to prevent the Iran nuclear deal unravelling and to ease tensions in the Gulf.
The U.K. is in talks with the U.S. and other allies about beefing up their military presence in the Persian Gulf to deal with the rising threat to shipping posed by Iran.
Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production.
An oil tanker run by BP Plc is being kept inside the Persian Gulf in fear it could be seized by Iran in a tit-for-tat response to the arrest by Gibraltar last week of a vessel hauling the Islamic Republic’s crude.
Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said.