Oilfield service giant Weatherford has signed a five-year procurement deal with Saudi Aramco to deliver a range of technologies.
The oil market is facing a prolonged disruption to Saudi Arabia’s oil production with few options for replacing such huge output losses.
Saudi Arabia's energy minister has confirmed that drone attacks on its oil facilities knocked out about 50% of the country's production.
Drones claimed by Yemen's Houthi rebels have attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco.
Saudi Aramco has picked a slew of banks to work on its planned initial public offering following intense lobbying by some of the world’s top dealmakers, people with knowledge of the matter said.
It’s been at least three years in the making, but it’s just dawned on investors what a share sale by Saudi Aramco would do to the Arab world’s biggest stock exchange.
The chief executive of Saudi Aramco, the state-owned oil firm that is seen as the kingdom's crown jewel, said the company is ready for a local listing on the kingdom's stock exchange and that it will happen "very soon".
Aberdeen-based deepwater engineering firm Subsea 7 has announced a "large" contract with Saudi Aramco at its Marjan Increment project as the company's chief executive announced he would step down.
The world’s most profitable company told Offshore Europe delegates last week that “everybody” will eventually be hit by a cyberattack.
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.