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.
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.
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 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 Arabian Oil Co. is seeking a $2 billion loan from Japan’s export-credit agency, three people with knowledge of the matter said, as competition for a role in potentially the world’s largest initial share offering heats up.
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 is to be publicly listed both in Kingdom and abroad in the second half of 2018.
Kuwait Energy Plc is planning an initial public offering in London that could value the oil and gas exploration business at as much as $1 billion, according to unnamed sources.
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.
Saudi Arabian Oil Co., which is planning what could be the world’s biggest share sale, will publish annual financial statements before the offering set for 2018, Energy Minister Khalid Al-Falih said.
Russneft plan to float up to 20% of ordinary shares in an initial public offering (IPO) by the end of 2016.
Wildhorse Resource Development has filed with securities regulators to raise up to $650million in an initial public offering.
Shares of Extraction Oil & Gas have risen by almost 20%.
The world’s biggest oil company is planning to sell shares in the entire business and not just in its refining or distribution operations, its chief executive officer said in an interview.
Extraction Oil & Gas said it expects to raise as much as $600million in an initial public offering (IPO).
Noble Midstream Partners LP, the pipeline partnership backed by Noble Energy Inc., climbed 18 percent at the open after raising $281 million in its initial public offering.
Noble Midstream Partners said it expects to raise as much as $263million in its initial public offering (IPO) after withdrawing plans to go public last year.
As the oil industry emerges from the biggest bust in three decades, shale drillers in a neglected corner of the biggest US oil field are poised to take a new generation of gushers public.
Saudi Arabia’s state electricity utility is seeking bids from international developers to build two solar-power plants in the kingdom’s northern region.
Russneft said it plans to sell its shares on the Moscow stock exchange in the fourth quarter of the year.
DONG Energy could be valued at up to $16billion, potentially making it Europe's biggest flotation this year.
Saudi Arabia’s plan to sell part of its stake in state-controlled oil producer Aramco may suggest the kingdom’s leaders are worried about the long-term prospects for crude demand and prices, said short-seller Jim Chanos, founder of Kynikos Associates.
Dong Energy said it intends to launch an Initial Public Offering (IPO) of its shares on the stock exchange in Copenhagen.
News that the Saudi government will sell off a 5% stake in its oil champion, Saudi Aramco, is arguably the biggest hydrocarbons policy shift since the 1970s, turning a page on the post-1973 nationalisation of the region's oil producers.
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the matter.