Aramco participates as a diamond sponsor in the 5th Water Arabia
(WebWire - 19/10/2017)
Saudi Aramco participated as the diamond sponsor in the 5th Water Arabia Conference and Exhibition under the theme "Sustaining water resources through innovative and reliable water and wastewater treatment technologies." At the conference's opening
Saudi needs Aramco billions as recession slows austerity drive
(Reuters - 19/10/2017)
Saudi Arabia's plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh's effort to close a budget deficit caused by low oil prices. ast December, Riyadh
McDermott to Present at the Future Investment Initiative
(Press Release - 19/10/2017)
McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak on a panel at the Future Investment Initiative in Riyadh, Saudi Arabia on October 26, 2017 at 9 a.m. Arabia Standard Time (1 a.m. Central
Rowan, Aramco launch ARO Drilling
(Upstream Online - 19/10/2017)
US rig owner Rowan Companies and Sa udi Aramco have started up operations of their 50/50 joint venture ARO Drilling. Through the move, first announced in November 2016, Aramco and Rowan agreed to create the joint venture to own, operate, and manage
Gazprom Neft eyes cooperation with Aramco in hard-to-recover oil
(Reuters - 19/10/2017)
Russia's Gazprom Neft will work with the world's largest oil producer Saudi Aramco in hard-to-recover oil production and on a technology known as hydraulic fracturing, Gazprom Neft chief Alexander Dyukov said on Wednesday. Earlier this month, both
Saudi's Aramco Entrepreneurship Center continues to supports SMEs
(Startup MGZN - 19/10/2017)
The Saudi Aramco Entrepreneurship Center "Wa'ed" launched its pavilion at the 37th GITEX Technology Week that was held at Dubai World Trade Center between 8 to 12 October 2017. Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al
Total, Aramco in talks over JV refinery expansion
(Kallanish Energy - 19/10/2017)
Partners Total and Saudi Aramco are discussing an expansion project to increase the capacity of their joint-venture refinery in Saudi Arabi by roughly 10%, Total's CEO Patrick Pouyanne said Wednesday. The Saudi Aramco Total Refining and Petrochemical
London Stock Exchange CEO Rolet fires back at Aramco IPO critics
(Arabian Business - 19/10/2017)
London Stock Exchange Group's Xavier Rolet hit back at criticism that listing rules were eased to pave the way for one of the world's largest initial public offerings. The exchange went on a charm offensive after Saudi officials said they are looking to
Wealth fund warning on change to listing rules for Saudi Aramco
(The Times - 19/10/2017)
The world's biggest sovereign wealth fund has warned Britain against watering down its listing rules to accommodate Saudi Aramco, describing such proposals as "a step back in terms of investor protection". In a letter to the Financial Conduct Authority,
Saudi Oil Minister says full Aramco IPO is on track for 2018
(Gulfnews - 19/10/2017)
Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al Falih said Tuesday. Asked whether both parts of the IPO will happen next year, Al
Aramco professionals honored with SPE International Awards
(Press Release - 18/10/2017)
For more than 90 years, the Society of Petroleum Engineers (SPE) has created a platform for sharing technical ideas in oil and gas exploration and production, and serving as a place for industry to debut its latest technologies. This year's Annual
$1tn Norway fund raps FCA over Aramco
(Financial News - 18/10/2017)
The world's largest sovereign wealth fund has criticised the UK financial regulator over its controversial efforts to tempt Saudi Arabia's state-owned oil company to London. Norges Bank Investment Management, which runs Norway's $1tn oil fund, has
Saudi Aramco Asks FTI Consulting to Halt IPO Investor Relations Work
(Reuters - 17/10/2017)
State-owned Saudi Aramco has asked FTI Consulting to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. Aramco brought in Brunswick to advice on media
China offers to buy 5 percent of Saudi Aramco directly - sources
(Reuters - 16/10/2017)
China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market. Chinese
Saudi Aramco Needs Private Money
(Bloomberg - 16/10/2017)
Saudi Arabia is considering a staggered process for the colossal initial public offering of its state oil company, according to an FT report. That could potentially involve a local IPO of Saudi Aramco in Riyadh alongside a private placement to
Saudi Aramco said its flotation remains on track for 2018
(BBC - 15/10/2017)
Saudi Aramco has insisted that its plans for what is likely to be the world's biggest stock market listing remain on track. There are reports Aramco might shelve the initial public offering (IPO) in favour of private share placings. But the state-owned
Saudi Aramco denies it is planning to shelve $2 trillion listing
(AFP - 15/10/2017)
Saudi Aramco has dismissed reports that it is considering shelving plans for the world's biggest ever flotation, with the state-owned oil company saying the $2tn (£1.5tn) listing was on track for next year. Amid concerns about the feasibility of such a
Saudi may delay foreign part of Aramco IPO in setback to reform plan
(Gulf Times - 15/10/2017)
Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen
Saudi Aramco considering 'range of options' for share sale
(Arab News - 15/10/2017)
Saudi Aramco is considering a "range of options" for a listing on stock markets but has not ruled out the possibility of a private sale of shares to global institutions and sovereign wealth funds, it has emerged. One potential alternative to an immediate
Saudi Aramco in Stake Sale Talks With Chinese Investor-Sources
(Reuters - 14/10/2017)
Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its 2018 target, sources familiar with the matter said on Friday. The initial public offering is
Gas turbine facility inaugurated under Saudi Aramco-Mitsubishi
(Press Release - 13/10/2017)
Al Qahtani was speaking at the inauguration ceremony for Mitsubishi Hitachi Power Systems Ltd.'s new facility in Dammam on 12 October 2017. The event was held under the patronage of HRH Prince Ahmed bin Fahd bin Salman bin Abdulaziz Al Saud, Vice
Aramco deepens Asian partnerships
(Your Oil And Gas News - 12/10/2017)
Saudi Aramco extended its downstream involvement in Malaysia in early October through the acquisition of a stake in one of the planned projects on the southern Jurong Peninsula. The development is led by a unit of the local NOC Petronas at its new
Saudi Aramco float: It is time for regulator to roll up the red carpet
(Evening Standard - 12/10/2017)
For the world's stock exchanges and listing authorities currently falling over themselves to court Saudi Aramco, the answer appears to be the same, wherever it likes. In the case of the United Kingdom, the Financial Conduct Authority, in its guise as the
SEG participation signals Aramco's geophysical excellence
(Press Release - 12/10/2017)
The world needs a healthy geophysical industry. Connecting applied geophysics to the business is more important than ever as operators look to lower costs and identify economically viable exploration and production opportunities. That was the message
Gazprom, Saudi Aramco sign MoU in the gas sector
(New Europe - 10/10/2017)
Russian gas giant and Saudi Aramco have signed a Memorandum of Understanding for international cooperation in the gas sector. Viktor Zubkov, Chairman of the Gazprom Board of Directors, and Amin H. Nasser, President and CEO of Saudi Arabian Oil Company,
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