Saudi Aramco

Nasser: Aramco's Potential SABIC Deal to Impact IPO Timing

Saudi Aramco's potential acquisition of a stake in Saudi petrochemicals maker SABIC would affect the time frame of its own planned initial public …

Middle East

Saudis Reap Benefit From U.S.-China Trade War

Saudi Aramco is winning thanks to U.S. President Donald Trump’s trade war with China.<p>Sales of liquefied petroleum gas by the state-run producer to …

Tariffs

Saudi Aramco CEO Says Deal for Sabic Would Affect IPO Timeline

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 …

Oil

Energy Recap: Saudi Aramco Considering A Stake In SABIC

Welcome to the latest edition of the Energy Recap. This week, we wanted to share some news in the ongoing saga known as the Saudi Aramco IPO. It was …

Oil

The Curious Case Of One Saudi Industrial Giant Buying Another

Unexpected news in the energy industry broke yesterday when it was revealed that the Saudi state oil giant, Saudi Aramco, is entering into talks to buy a “strategic” stake in the Saudi petrochemical firm, Saudi Basic Industries Corp (SABIC).<p>Saudi Aramco already has a burgeoning petrochemicals unit …

Oil & Gas Industry

Saudi Aramco in talks to buy stake in world's no. 4 chemical firm

DUBAI (Reuters) - Saudi Aramco <IPO-ARAM.SE> said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC <2010.SE>, a move that could boost the state oil giant's market valuation ahead of a planned initial public offering.<p>Aramco said in a statement that it was in …

Saudi Arabia

Saudi Aramco’s Strange Chemical Attraction

Saudi Aramco’s IPO may be on hold, but that doesn’t mean its bankers are idle.<p>It emerged on Thursday that the state-owned oil champion — full name: Saudi Arabian Oil Co. — is considering buying a stake in Saudi Basic Industries Corp., or Sabic, a giant chemicals firm.<p>From a banker’s perspective, …

Opinion

Yemen rebels claim to target Saudi oil refinery in Riyadh

SANAA, Yemen (AP) — Yemen's Shiite rebels at war with a Saudi-led coalition say they have attacked a Saudi Aramco refinery in Riyadh but the oil …

Middle East

Aramco Considers M&A Ahead of IPO; Danaher to Split -- ICYMI

Investors will just keep waiting for the Saudi Aramco IPO. In the meantime, the state-owned oil company will fine-tune its portfolio to be the most …

Business

Saudi Aramco examining shares in Saudi petrochemical company

The Saudi Arabian Oil Co. stated Thursday it's in the early stage of working with a public investment fund to take a stake in Saudi petrochemical …

Oil

Saudi Aramco says fire at its Riyadh refinery was due to 'an operational incident'

DUBAI (Reuters) - Saudi Aramco said on Wednesday that a minor fire that was controlled at its Riyadh refinery was due to “an operational incident”.<p>“No personnel are injured and no impact on operations,” Aramco said in an update on its official Twitter account after saying earlier that it had …

Oil

Oil, Utilities Fight to Fuel Vehicles of the Future

Saudi Aramco works to build better combustion engines as electric cars threaten market share of vehicles running on gas, diesel<p>NOVI, Mich.—The world’s largest oil company has 30 engineers working away in this Detroit suburb on a project that sounds counterintuitive: an engine that burns less …

Electric Vehicles

Go deeper: Saudi Aramco's fading IPO

Multiple new reports suggest the initial public offering of Saudi Arabia's massive state oil company Aramco may be shelved, not just delayed. Why it …

News (U.S.)

Saudi Aramco’s $2 Trillion Zombie IPO

Markets (India)

WSJ: Saudi Aramco IPO Preparations Are Said to Stall

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. …

Aramco

Saudi Aramco IPO doubts grow, reports Dow Jones

CNBC's Jackie DeAngelis reports that doubts are growing the Saudi Aramco IPO will ever take place.

Dow Jones

WSJ: Doubts grow that Saudi Aramco IPO will ever happen

Preparations have stalled in the IPO of Saudi Aramco after more than two years of preparation, leaving government officials and people close to the …

Business

Saudi Arabia cuts prices a day after Trump tells Opec to reduce oil prices

An oil tanker is loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia. Picture: REUTERS

Oil

Saudi plans first change in Asia crude oil price formula in decades, to use DME Oman

SINGAPORE (Reuters) - Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia starting from October, marking the first change in benchmarks for its official selling prices (OSP) since the mid-1980s, the company said on Wednesday.<p>Trade sources had earlier told …

Oil

Petron hikes LPG price anew

MANILA, Philippines — Starting today, prices of cooking and auto liquefied petroleum gas (LPG) will increase by 90 centavos per kilogram.<p>In a text …

Oil

NOV's Prospects Brighten With Saudi Aramco JV

National Oilwell Varco, known as NOV, turned heads this week, announcing late Thursday that it had inked a joint venture agreement with Saudi Aramco to make high-specification land rigs and advanced drilling equipment and provide aftermarket services in the Kingdom.<p>NOV will own 70% of the joint …

Aramco

National Oilwell Varco starts joint venture with Saudi Aramco

Image 1of/1<p>Caption<p>Close<p>Houston's National Oilwell Varco will start a new joint venture in Saudi Arabia to build drilling rigs and equipment for the …

Oil

Agreement Between Aramco, NOV to Manufacture Drilling Rigs, Equipment

Saudi Aramco announced Thursday that it has signed a shareholder agreement with National Oilwell Varco, Inc. (NOV) to form a joint venture …

Middle East

Saudi Aramco to signs deal to make onshore oil rigs, equipment

DUBAI (Reuters) - Saudi Aramco signed a deal with National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, the state-owned Saudi energy firm said.<p>Saudi Aramco will own 30 percent of the venture, while the rest will be owned by NOV, the statement …

Saudi Arabia

Saudi Aramco, National Oilwell Varco form JV to make drilling equipment

Saudi Aramco says it signed a deal with National Oilwell Varco (NOV +0.7%) to form a joint venture to make onshore rigs and equipment in Saudi Arabia.<p>…

Oil

Saudi Aramco: Our Spare Capacity is 2 Million bpd

Saudi Aramco has spare capacity of 2 million barrels per day (bpd) and can meet additional oil demand in case of any interruption in supplies, the …

Middle East

State Department order about Iran's politics, not oil: Fo...

Sadad Al-Husseini, former Saudi Aramco executive vice president, discusses the potential impact of the State Department ordering that Iranian oil …

U.S. Dept. of State

Saudi Aramco CEO says has 2 million barrels per day of spare capacity

NEW DELHI (Reuters) - Oil giant Saudi Aramco has spare capacity of 2 million barrels per day (bpd) and can meet additional oil demand in case of any interruption in supplies, the company head said on Monday, days after OPEC agreed a modest increase in oil output from July.<p>Saudi Aramco Chief …

Oil

Don't think Saudi Aramco IPO will happen in 2019—if ever, says oil expert

John Kilduff, Again Capital founding partner, discusses the outlook for oil following OPEC's decision to increase output as well as the path to IPO …

Oil

Saudi Aramco eyes presence in India's entire energy sector, says CEO

MUMBAI (Reuters) - Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire "value chain" of India's energy sector, its Chief Executive Officer Amin Nasser said on Monday in New Delhi.<p>The company did not spell out specifics of the plan but indicated that fuel marketing …

Oil & Gas Industry