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.
BlackRock has named Saudi Aramco Chief Executive Officer Amin Nasser to its board, underscoring the asset managerâs 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 kingdomâs barrels.
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 Arabiaâs plans for another multibillion-dollar offering of Aramco stock are gaining fresh momentum, with any deal set to be one of worldâs largest share sales in recent years, people with knowledge of the matter said.
Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last yearâs surge in oil and gas prices.
Saudi Aramcoâs 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 worldâs 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 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.
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).
Lamprell (LON:LAM) faces âurgent and severe liquidity constraintsâ, the company has admitted, with an immediate need for $75 million, due in June and July this year.