The world’s biggest oil company is planning to sell shares in the entire business and not just in its refining or distribution operations, its chief executive officer said in an interview.
Saudi Aramco said eight of its workers have been injured after a fire broke out at one of its oil terminals.
Saudi Aramco and the Japanese government are set to agree on roughly a two million barrel expansion of crude storage capacity in Okinawa used by the state-run firm to store oil.
India’s government plans to evacuate thousands of Indian workers who have lost their jobs in Saudi Arabia and cannot afford to pay for a flight home.
Amec Foster Wheeler has won deal for the $5billion upgrade to Saudi Aramco's Cilacap Refinery in Central Java.
Statoil and former BG Group chief executive Helge Lund is said to be considering a move to Saudi Aramco.
Saudi Arabia, the world’s largest crude exporter, cut all official selling prices for its crude sales to Asian and US clients in August.
Saudi Arabian Oil Co. and Saudi Basic Industries Corp. are one step closer to building their first plant to process crude directly into chemicals, cutting out a link in the production chain from hydrocarbons to the finished products that go into plastics and other consumer goods.
Oil major BP is unlikely to invest in Saudi Aramco's flotation, chief executive Bob Dudley told reporters at the St Petersburg International Economic Forum.
Saudi Arabia, the world’s largest crude exporter, raised pricing on most of its oil grades for sales to Asia in July after the nation’s oil minister said demand was robust.
Saudi Aramco, the world’s largest crude producer, plans to increase the capacity of its main cross-country pipeline by 40 percent as the company expands oil fields in the eastern part of the nation and builds refineries on the western coast.
Saudi Arabia’s plan to sell part of its stake in state-controlled oil producer Aramco may suggest the kingdom’s leaders are worried about the long-term prospects for crude demand and prices, said short-seller Jim Chanos, founder of Kynikos Associates.
Saudi Arabia, the world’s biggest oil exporter, plans “significant growth” in output in 2016 and further international expansion, the head of the country’s state-run producer said, even as global oversupply contributed to a drop in crude prices from a year ago.
Saudi Arabia has appointed a new oil minister, Khalid Al-Falih, to lead on the country’s energy policies after he replaced Ali al-Naimi and took up his post on Sunday. We’ve put together five things you need to know about him.
News that the Saudi government will sell off a 5% stake in its oil champion, Saudi Aramco, is arguably the biggest hydrocarbons policy shift since the 1970s, turning a page on the post-1973 nationalisation of the region's oil producers.
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the matter.
A pioneering operation that uses fluid cryogenics as a freeze plug barrier has been tested in a tie up between specialists at Wild Well Global and Saudi Aramco.
Saudi Aramco has started producing natural gas at the offshore Hasbah field.
Royal Dutch Shell Plc and Saudi Arabian Oil Co. are ending an 18-year refining partnership as the Anglo- Dutch crude titan prepares to sell billions of dollars of assets and as Saudi Arabia’s national oil company eyes a possible initial public offering.
Saudi Arabian Oil Co. has asked consultants to bid for a role advising it on which assets to privatize and how to execute a potential share sale as the kingdom presses ahead with plans for an initial public offering, people with knowledge of the matter said.
Magseis has been awarded a contract for Saudi Aramco’s S78 project for seismic acquisition in the Red Sea.
Lamprell Energy said it has signed an MOU (Memorandum of Understanding) with Saudi Aramco, Bahri and Hyundai Heavy Industries for a collaboration on creating a maritime complex in Saudi Arabia.
Oil gave up its gains after the world’s biggest crude exporter said it’s keeping up investments in energy projects.
Saudi Arabia may not have the grip over oil prices that it once did, but it still knows how the prime the market. Earlier this month, Saudi’s deputy crown prince, Muhammad bin Salman, floated the idea to The Economist of a stock offering for Saudi Aramco, the state company that controls Saudi Arabia’s massive oil reserves.
For all the talk of Saudi Arabia’s oil company becoming the first trillion-dollar business if it goes public, some see the chatter as a sign of oil’s weakness. The Saudis, they say, know it’s time to start hedging their bet on fossil fuels. While the Saudi Arabian Oil Co. sits on a preposterously large reserve of 260 billion barrels of oil, the kingdom’s discussion of a share sale amid a global collapse in crude prices suggests another motive to those who preach about the financial risks of climate change: The Saudis may want to capitalize on an asset that’s only going to lose value if the world gets serious about global warming.