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.
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 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.
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.
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.
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 has signed a £52.2billion deal to acquire a majority stake in petrochemicals firm Sabic from the country’s sovereign wealth fund.
Saudi Arabia isn't buying the peak oil demand narrative.
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.
Former member of hacktivist group Anonymous, Mike ‘sting3r’ Jones discusses the recent Saipem cyber-attack and the immediate threat to Big Oil.
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.
Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.
A north-east oil and gas technology firm has opened two new offices in a bid to support demand for its pioneering, torpedo-esque data logging tool.
Offshore driller Rowan has sold two jack-up rigs to its Saudi Aramco joint venture in a deal worth £202million.
One of the biggest-ever mergers in the oil industry. The largest corporate bond sale on record. The most lucrative initial public offering in "human history." The timetable: two and a half years.