The heads of Saudi Aramco and Exxon Mobil took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come.
Oil and gas contractor McDermott has started a restructuring package amid concerns over its financial health.
BlackRock has named Saudi Aramco Chief Executive Officer Amin Nasser to its board, underscoring the asset manager’s commitment to the oil industry in the middle of a highly politicized debate about its role in ESG investing.
Saudi Arabia issued big price increases for its crude to Europe and the Mediterranean, while also unexpectedly lifting the cost of barrels to Asia, a move that risks stifling demand for the kingdom’s barrels.
Saipem (BIT: SPM) has been awarded a pair of offshore drilling contracts worth a total of $550 million.
At FID, Total said it aimed to start commercial operations in 2027.
Saudi Aramco met with an army of Turkish contractors this week to discuss $50 billion of potential projects in the Gulf kingdom, underlining improving trade ties between the two countries after they buried a diplomatic spat over the killing of Jamal Khashoggi.
Saudi Arabia’s plans for another multibillion-dollar offering of Aramco stock are gaining fresh momentum, with any deal set to be one of world’s largest share sales in recent years, people with knowledge of the matter said.
A UK firm - that specialises in monitoring pipelines and vessels – has secured backing from the world’s largest oil company.
Aramco’s delegation to EIC flagship event focused on engaging with the UK’s energy supply chain.
Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices.
Saudi Aramco’s top official warned Sunday that an increased focus on climate was undermining investment in oil and gas to the point where it now posed a threat to the world’s energy security.
Saudi Aramco Base Oil, a refining unit of the state-owned oil producer, slumped in its trading debut following an initial public offering that raised $1.32 billion, bucking the trend for strong debuts in the Gulf region amid the gloomy outlook for the global economy.
HSBC will no longer provide lending or capital markets financing for new oil and gas fields, it has announced, while accelerating support for renewable energy.
Saudi Aramco has discovered two new unconventional gas fields in the country’s hydrocarbon-rich east.
Sempra Infrastructure and ConocoPhillips have struck a 5 million tonne per year LNG supply contract, from the planned Port Arthur project in Texas.
Weatherford has signed drilling contracts with Saudi Aramco and Petroleum Development Oman (PDO), for three years and five years respectively.
Saudi Aramco is pushing ahead with plans for an initial public offering of its energy-trading business, which would rank as one of the largest share sales this year, according to people familiar with the matter.
Offshore drilling contractor Valaris (NYSE: VAL) has announced a handful of new deals and extensions.
The lack of fungibility of the gas market is set to pose a major challenge for Europe in the near term, the heads of Saudi Aramco and Shell agreed today.
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
Saudi Aramco (Taduwul: SAR) posted the biggest quarterly adjusted profits of any listed company globally driven by high crude prices and production.
Saudi Aramco has awarded Worley a contract covering project management services for the development of unconventional gas.
Lamprell (LON:LAM) faces “urgent and severe liquidity constraints”, the company has admitted, with an immediate need for $75 million, due in June and July this year.
Saudi Aramco has extended its contract with Shelf Drilling for a jack-up rig in the Arabian Gulf.