Saudi Arabia’s sovereign wealth fund finalised the terms of a $10 billion loan it’s seeking to raise from a group of banks, according to people familiar with the matter.
Global banks will this week start making their case on why they should be hired for what’s set to be the world’s biggest initial public offering, according to people with knowledge of the matter.
Lazard’s success working on the blockbuster Saudi Aramco bond sale this year has put it in pole position to secure a coveted spot on the oil giant’s second attempt at the world’s largest initial public offering.
Oil rose for a second day after a drone attack on a Saudi Arabian oil field brought geopolitical risks back into focus, and as the prospect of more U.S.-China trade meetings spurred some investor optimism.
Saudi Aramco’s proposed purchase of part of India’s Reliance Industries Ltd. will allow it to regain its grip on the world’s fastest-growing oil market where suppliers including the U.S. and Russia are making inroads.
Saudi Aramco showed Monday it’s still the world’s most profitable company -- and paid out almost all its net income in dividends -- despite the dwindling price of oil.
Three oil and gas bosses have appeared in a list ranking the top chief executives in world business.
Energy services firm McDermott has been awarded a “large” contract with Saudi Aramco in the Arabian Gulf.
Italian oil and gas contractor Saipem is celebrating a return to profit for the first half of 2019.
Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September, according to a person familiar with the matter, increasing the amount the kingdom can ship from the Red Sea and avoiding the increasingly tense Strait of Hormuz.
Offshore project sanctioning could soon “eclipse” levels seen in 2014 before the oil downturn, according to new research.
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 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.
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 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 has won a “large” contract for work on two oil and gas fields off Saudi Arabia.
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.
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.
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.
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.
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.
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 Arabia is set to supply more crude to oil-starved Asian refiners, and extract a heavy price for it.
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 intends to snap up Shell’s 50% stake in the SASREF refining complex, a news report said.