Saudi Aramco

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO | Reuters - Firstpost

This story has not been edited by Firstpost staff and is generated by auto-feed.<p>Published Date: Jan 17, 2018 23:45 PM | Updated Date: Jan 17, 2018 …

Saudi Arabia

Several MNCs evince interest in Bengal during BGBS: Govt

Kolkata, Jan 17 (PTI) A clutch of Multinational companies have expressed interest in Bengal during the big-ticket Bengal Global Business Summit …

India

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

© Reuters. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference in Manama<p>By Dasha Afanasieva and Clara …

Stock Markets

Exclusive: Saudi Aramco snubs UBS and Bank of America for listing roles - sources

LONDON (Reuters) - Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources.<p>The two investment banks, among the world's …

Saudi Arabia

Disrupting the internal combustion engine — from within

As automakers and enthusiasts from across the globe meet in Detroit this week for the North American International Auto Show, battery electric …

Electric Vehicles

Tax Reform and Bonuses: What's the Real Impact?

Dozens of U.S. companies are making headlines this month by increasing wages, providing bonuses and raising employee retirement fund matches in the …

Stocks

Saudi Aramco Excludes UBS, Bank of America From IPO Advice Roles -Reuters

Saudi Aramco hasn't invited UBS or Bank of America Merrill Lynch to vie for advisory roles as it prepares to list publicly because they haven't lent money to it in recent years, Reuters reports, citing unnamed sources.<p>--Barclays was also excluded, Reuters said, citing separate unnamed sources.<p>--The …

Markets

DealBook Briefing: BlackRock’s Larry Fink Goes Social Activist

<i>Good Tuesday morning, and welcome back. This just in: G.E. shares are falling in premarket trading after the company said it would take a $6.2 billion charge tied to its GE Capital unit. A reminder: Citigroup reports fourth-quarter earnings today. And BlackRock wants corporate America to focus on</i> …

Business

Trust War: Dangerous Trends in Cyber Conflict

In 2007, Idaho National Laboratory conducted a test in which hypothetical hackers opened and closed a diesel generator’s circuit breakers. The video …

Cybersecurity

Why Saudi Aramco, the world's largest oil company, is trying to make vehicle engines more efficient

Electric vehicle purchases are expected to surge in the coming years, but making conventional, gas-powered cars and trucks more efficient will be the …

Electric Vehicles

Peak Oil Review: January 15 2018

<b>Quote of the Week</b><p>“Just like Florida, our states are unique with vibrant coastal economies. Providing all of our states with the same exemption from …

Sustainability

Will U.S. shale ruin the oil party (again)?

Crude oil is hotter this year than the Dow, the Nasdaq and even bitcoin.<p>It has surged 7% so far in 2018 and hit a three-year high of $64.81 a barrel on Monday, reflecting confidence that an epic supply glut may finally be over because of production cuts by OPEC and Russia.<p>"The market has gone …

Oil

There's A Great Future In Plastics...For Oil

Located in the desert northeast of Riyadh, not far from the Persian Gulf, is Sadara Chemical Company. The nearly 5 square mile petrochemical plant is a joint venture of American company Dow Chemical and the Saudi national oil company, Saudi Aramco.<p>Rami, a mechanical engineer at the plant who was …

Saudi Arabia

Saudi Electricity signs deal with Japanese firms for first EV pilot

© Reuters. Saudi Electricity signs deal with Japanese firms for first EV pilot<p>KHOBAR, Saudi Arabia (Reuters) - State-controlled Saudi Electricity Co …

Saudi Arabia

MSCI expects to include Aramco in Saudi Arabia index from time of IPO

DUBAI (Reuters) - International equity index compiler MSCI said it expected to include Saudi Aramco in its Saudi Arabia Index from the time of the oil giant's IPO, potentially triggering a big flow of funds into the shares as soon as they list in Riyadh.<p>"Saudi Aramco will be included in the MSCI …

Saudi Arabia

Tellurian Determined to Boost Louisiana Gas Holdings Tenfold

Tellurian Inc. plans to boost natural gas reserves tenfold at a northern Louisiana deposit as it seeks partners to build a fuel supply chain from the …

Business

REPORT: Hong Kong, London, and New York have been shortlisted for Saudi Aramco's $2 trillion IPO

• <b>Saudi Arabia has shortlisted New York, London and Hong Kong — singly or in a combination of two or even all three — for the international listing of state oil company Aramco.</b>• <b><br>Riyadh could raise as much as $100 billion in the sale of up to 5% of Aramco.</b>• <b><br>The shortlist means Tokyo, Singapore and Toronto</b> …

Saudi Arabia

Exclusive: Saudi Aramco working to raise cheap loans before IPO - banking sources

DUBAI (Reuters) - Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said.<p>Citigroup (Citi), Standard Chartered and Sumitomo Mitsui Banking …

Saudi Arabia

London on Saudi Aramco listing shortlist along with Hong Kong and New York

London has made it onto the shortlist for potential listing venues for Saudi Aramco, as the state-backed oil giant looks to list in late 2018, …

Saudi Arabia

Aramco working to raise cheap loans before IPO

Money

3 Companies Poised To Profit Off Brazilian Pre-Salt Plays

Royal Dutch Shell recently made an investment into three exploration blocks in the Brazilian pre-salt, which could show returning interest in the …

Business

The world's most expensive oil is from Malaysia

• <b>There are a lot of factors that go into the price of any given barrel of oil.</b>• <b><br>Given its quality and location, Malaysian oil is the world's most expensive at this time.</b><p>When asked about the most expensive oil grade out there, those working in the oil industry are caught blindsided because there’s no …

South Dakota

Aramco Signs MoU to Establish Textile Factory in Hail

Saudi Aramco signed a memorandum of understanding (MoU) to set up a textile factory in Hail, in a strategic partnership with Nesma Holding Company, …

Middle East

The burning questions investors need to answer

The past year has proved to be an ideal environment for US stock markets, and for global growth. But what will be the drivers of investment decisions …

Economy

Top roles in Aramco IPO?

Saudi Aramco (Private:ARMCO) is set to appoint banks including Goldman Sachs and Citigroup to help manage its initial public offering, sources told …

Business

Shadows picked up by satellites suggest Saudi Arabia under reported its oil stores last year

• <b>Satellite images of two major oil refineries in Saudi Arabia suggest reserves may have been higher than reported.</b>• <b><br>Satellite technology allows the levels of oil in tanks to be estimated according to the shadows cast by their floating roofs.</b>• <b><br>Saudi Arabia reported falling oil reserves last year and</b> …

Business

Aramco boosts pay after royal order

Saudi Aramco (Private:ARMCO) and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order that …

Business

Goldman, Citi Said to Lead Pack for Saudi Aramco IPO

Saudi Arabian Oil Co. is reportedly set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public …

Business

The Ramifications of Saudi Cinemas Opening Their Doors

The kingdom’s creatives and filmmakers open up about the historic lifting of the movie theater ban<p>On the coast of the Persian Gulf, less than a …

New York City

Oil Extends Gain Above $62 as U.S. Crude Stockpiles Seen Falling

Oil extended gains above $62 a barrel before U.S. government data forecast to show crude stockpiles declined for an eighth week and as political …

Oil