Russneft to make public offering on Moscow Stock Exchange
Russneft said it plans to sell its shares on the Moscow stock exchange in the fourth quarter of the year.
IPO
DONG’s IPO set to value the company at $16billion
DONG Energy could be valued at up to $16billion, potentially making it Europe's biggest flotation this year.
Saudi Aramco IPO could signal concern over oil’s future
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 to push ahead with IPO
Dong Energy said it intends to launch an Initial Public Offering (IPO) of its shares on the stock exchange in Copenhagen.
Opinion: Saudi Aramco IPO – selling the family silver
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.
Saudi Arabia said to pick JP Morgan, Banker Klein for Aramco IPO
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.
Saudi Arabia said to pick JPMorgan, banker Klein for Aramco IPO
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.
Asia can’t seem to escape its addiction to Middle East oil
Even in a world awash with crude, buyers in the world’s biggest oil market can’t seem to escape their addiction to Middle East supplies.
Saudi Aramco said to seek advice on assets and timing for IPO
Saudi Arabian Oil Co. has asked consultants to bid for a role advising it on which assets to privatize and how to execute a potential share sale as the kingdom presses ahead with plans for an initial public offering, people with knowledge of the matter said.
Turkey’s state oil firm plans IPO when oil hits $60
Turkey’s state oil company will press ahead with plans for an initial public offering as soon as next year, but only if oil prices return to at least $60 a barrel from near $30 now, said chief executive Besim Sisman today.
Dong to keep oil unit in IPO, takes $2.32bln writedown
Danish state-owned utility Dong Energy IPO-DONG.CO said on Tuesday it would keep its oil and gas unit as part of its anticipated initial public offering (IPO), but that it would write down about 16 billion Danish crowns ($2.32 billion) of the business. The world's biggest offshore power developer announced in September plans to pursue an IPO of its shares within 18 months.
Opinion: An Aramco IPO won’t be oil market’s powerball jackpot
Saudi Arabia may not have the grip over oil prices that it once did, but it still knows how the prime the market. Earlier this month, Saudi’s deputy crown prince, Muhammad bin Salman, floated the idea to The Economist of a stock offering for Saudi Aramco, the state company that controls Saudi Arabia’s massive oil reserves.
In Saudi Aramco IPO talk, some see age of oil coming to end
For all the talk of Saudi Arabia’s oil company becoming the first trillion-dollar business if it goes public, some see the chatter as a sign of oil’s weakness. The Saudis, they say, know it’s time to start hedging their bet on fossil fuels. While the Saudi Arabian Oil Co. sits on a preposterously large reserve of 260 billion barrels of oil, the kingdom’s discussion of a share sale amid a global collapse in crude prices suggests another motive to those who preach about the financial risks of climate change: The Saudis may want to capitalize on an asset that’s only going to lose value if the world gets serious about global warming.
Expert claims sale of Saudi Aramco IPO would be “huge” moment in oil and gas sell offs
A leading oil and gas expert said an Initial Public Offering (IPO) by Saudi Aramco could potentially be the largest on record.
In Saudi Aramco IPO, global refining empire may become the prize
Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude producer may have to wait. The company says one option is to sell shares in the company’s refining assets rather than the parent company.
Saudi Aramco confirms it’s studying a potential share sale
Saudi Arabian Oil Co., the world’s biggest crude oil producer, confirmed it is considering a potential initial public offering. The company, known as Aramco, is studying whether to list “an appropriate percentage” of shares of the parent or a bundle of “downstream” units, according to an e-mailed statement Friday. Once the review of these various options is complete, the findings will be presented to the company’s board of directors, which will make recommendations to Aramco’s Supreme Council.
Saudi Arabia plans for IPO in coming months
Saudi Arabia is said to be reviewing an IPO (Initial Public offering) with a decision expected to take place in the coming months.
Noble Midstream Partners postpone IPO on low oil price
Noble Midstream Partners have decided to postpone an initial public offering only a week after announcing the planned m
Noble Energy launches IPO
Noble Midstream Partners has commenced a public offering of 12.5million units representing limited partner interest in Noble Midstream. The units have been put on a public offering of between $19 and $21.