Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering, a person familiar with the matter said.
When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a brewing price war between Saudi Arabia and Iran.
Saudi Arabia has insisted it "remains committed" to a two trillion US dollar (£1.5 trillion) stock market listing of oil giant Saudi Aramco, despite reports suggesting it has been abandoned.
Middle Eastern energy and petrochemicals giant Saudi Aramco has backed a north-east developer of pioneering oil field technology.
Italian oil firm Saipem has announced more than £600 million in worldwide engineering and construction (E&C) contracts.
Saudi Aramco signaled another potential delay for the world’s largest initial public offering after it started talks this week to buy a stake in a local petrochemical company.
Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company, the Wall St. Journal reported, citing Saudi officials and people close to the process.
Saudi Aramco revealed today that his firm has spare capacity to the tune of two million extra barrels of oil per day.
Saudi Oil Minister Khalid Al-Falih signaled the possibility the initial public offering of Saudi Aramco could be delayed beyond 2019, saying that "timing isn’t critical for the government of Saudi Arabia."
The City regulator has finalised controversial new listing rules that could pave the way for a two trillion £1.5 trillion London flotation of Saudi Aramco.
ARO Drilling has won four contracts from Saudi Aramco for Rowan jack-up rigs.
Saudi Arabian Oil Co. and Total SA are weighing jointly buying businesses such as Tas’helat Marketing Co. to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter.
The first look at the financial guts of Saudi Aramco show a corporate cash gusher, pumping billions in profit every month and beating every other big name in global business.
State-owned oil giant Saudi Aramco has said today that it is seeing the benefits of a collaboration formed last year between the firm and the Exploration and Petroleum Engineering Center (EXPEC) Advanced Research Center (ARC) established Women at EXPEC ARC Network (WEN).
State-owned oil giant Saudi Aramco has today announced a deal to build a £31billion refinery and petrochemical project on the West Coast of India.
India is set to grant Saudi Aramco a 50% stake in a 1.2million barrel-per-day refinery on its west coast, according to a news report.
Oil’s rally to $70 a barrel is threatening to clip India’s economic wings at a time when Saudi Arabia is looking to join a $30 billion refinery project in the world’s fastest growing market.
While on a visit to Paris the Crown Prince of Saudi Arabia inked a more than £6billion deal between Saudi Aramco and Total to build a giant petrochemical complex in Jubail, Saudi Arabia.
Saudi Arabia's premier energy companies are planning to invest billions of dollars in their Houston-area petrochemicals operations to take advantage of cheap natural gas feedstocks from West Texas shale fields.
A joint venture which was set up to develop a major maritime yard in Saudi Arabia is up and running.
Saudi Arabia’s willingness to delay the initial public offering of state oil company Aramco to 2019 has several motivations, from regulatory risk to competing projects in the government’s crowded agenda.
Saudi Aramco, the world's biggest oil producer, wants to develop technologies that can collect carbon emissions from heavy-duty trucks, store that CO2 at refueling stations – and use it to harvest more oil.
Saudi Arabia’s national oil company signed a batch of deals with U.K. companies including Royal Dutch Shell Plc as Crown Prince Mohammed bin Salman visits the nation in an effort to demonstrate the kingdom is open for business.
Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas.
Saudi Arabia’s oil company isn’t afraid of electric vehicles.