Offshore project approvals in 2019 to ‘eclipse’ pre-downturn levels
Offshore project sanctioning could soon “eclipse” levels seen in 2014 before the oil downturn, according to new research.
Saudi Aramco
Bankers question whether Saudi Aramco IPO will be worth the effort
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.
Saudi wealth fund ‘to buy’ stake in venture from Aramco, Jacobs
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.
Aramco awards $18billion in deals for work at oil fields
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.
Saudi Aramco to dust off shelved plans for mega IPO
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.
McDermott wins large offshore contract with Saudi Aramco
McDermott has won a “large” contract for work on two oil and gas fields off Saudi Arabia.
Aramco boss says £320bn programme a huge opportunity for UK
A boss at Saudi Aramco said yesterday the firm’s 10-year, £320 billion capital programme was a huge opportunity for the UK’s oil and gas industry supply chain.
Major Aberdeen event to create ‘next generation’ of exporters, EIC chief says
Energy service firms could shave months off the time required to break into new export markets by going to a conference in Aberdeen next week, its organisers said.
Saudi Aramco’s venture arm pumps cash into startups seeking to reshape the energy industry
Jim Sledzik is a firm believer that the energy industry is in the middle of a fourth industrial revolution. Only this industrial revolution isn’t about big engines or big machines - it’s about big data and big machine learning accelerating the pace of automation and efficiency from the oilfield to the oil refinery.
Saudi Aramco to attend Aberdeen event
Over the next 10 years Aramco plans to invest US$500bn in the global energy market, presenting an unparalleled opportunity for the UK supply chain to win significant work on worldwide projects with one of the largest operators in the world.
Aramco starts fuel trading from UAE with ex-BP, Pemex hires
Saudi Aramco hired two Singapore-based traders and began dealing in fuel at the Middle East’s main bunkering port as the world’s biggest oil exporter expands further into the trading business.
Aramco site targeted in Saudi drone attacks
Saudi Arabia has said oil infrastructure sites belonging to the country's state-run oil company Aramco have been targeted and that at least one of the attacks was carried out by drone strikes.
Saudi Aramco to give extra supply to ‘oil-starved’ Asian buyers
Saudi Arabia is set to supply more crude to oil-starved Asian refiners, and extract a heavy price for it.
Shell confirms £485m deal to sell refinery stake to Aramco
Saudi Aramco will buy Shell’s 50% share of the SASREF refinery joint venture in Jubail Industrial City, Saudi Arabia, for £485 million.
Saudi Aramco sweet on Shell’s stake in refining complex, report says
Saudi Aramco intends to snap up Shell’s 50% stake in the SASREF refining complex, a news report said.
Saudi Aramco on quest to become world’s top crude exporter
Saudi Aramco is well known as the world’s top crude exporter. If all goes to plan, it may also become the biggest user of the fossil fuel.
Saudi Aramco sells $12 billion of bonds in unprecedented debut
Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing $12 billion of bonds for its state-run oil company in one of the most oversubscribed debt offerings in history.
Saudis emerge from Khashoggi crisis with $85bn bond orders
Saudi Aramco, the world’s largest oil company, has received $85 billion in orders for its debut bond sale, an offering where yields may fall in line or below Saudi Arabia’s sovereign debt.
Saudis emerge from Khashoggi crisis with $75 billion orders
Saudi Aramco, the world’s largest oil company, has received $75 billion in orders for its debut bond sale, kickstarting an offering with yields likely to fall in line or below Saudi Arabia’s sovereign debt.
Saudi Aramco set for mega debt deal pitched by JPMorgan’s Dimon
In a bond sale closely watched by investors globally, Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering this week. Early indications suggest investors are already crowding in.
Saudi Aramco in £52.2billion deal for majority stake in Sabic
Saudi Aramco has signed a £52.2billion deal to acquire a majority stake in petrochemicals firm Sabic from the country’s sovereign wealth fund.
Saudi Arabia: We’ll pump the world’s very last barrel of oil
Saudi Arabia isn't buying the peak oil demand narrative.
Saudis raise oil reserves ahead of Aramco’s planned IPO
Saudi Arabia published the first audit of its vast oil reserves since it nationalized its energy industry about 40 years ago, saying its reserves total 268.5 billion, slightly more than the 266.3 billion figure that the government published previously.
Cyber-attacks and the threat to Big Oil
Former member of hacktivist group Anonymous, Mike ‘sting3r’ Jones discusses the recent Saipem cyber-attack and the immediate threat to Big Oil.
Oil market hinges on Saudi dilemma: Bust budget or anger Trump?
The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy.