Saudi Arabia | Egypt Oil & Gas - Part 59
Aramco to Raise $10b Prior to IPO
Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bond...
Saudi Aramco Eyes $5b Investment in Renewables
Saudi Aramco, the world’s largest oil company, is considering as much as $5b of investments in renewable energy firms as part of the kingdom’s plans to diversify from crude production, Oil and Gas People reporte...
Saudi Aramco’s Oil Reserves Reach 261b Barrels
The first independent audit of Saudi Aramco’s Initial Public Offering (IPO) oil reserves has confirmed the state oil company’s own figures, sources familiar with the situation said, ahead of its planned sh...
Saudi Aramco Pulls Out of JV Project with Petronas
Saudi Aramco has pulled out of a planned joint venture with Malaysia’s state-owned oil company Petronas, concerning the construction and operation of a major $27b refining and petrochemical project in southern Malaysi...
Saudi Aramco Operates 220 Rigs Despite Oil Prices
Oil and gas company Saudi Aramco said it is currently operating about 220 drilling rigs as it sees continued investment in capacity. Saudi Arabia’s Energy Minister, Khalid Al-Falih, said it comes despite low oil price...
McDermott Contracted Offshore Saudi Arabia
McDermott International has been awarded a substantial contract from Saudi Aramco for engineering, procurement, construction, and installation (EPCI) services in the Safaniya and Zuluf fields offshore Saudi Arabia, En...
Aramco to Get Tax Break for IPO
Saudi Arabian Oil Company’s (Aramco) CEO, Amin Nasser said that the kingdom has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering more appealing to ... Enel Expands Renewable Projects in MENA
Rome-based utility owner Enel SpA is targeting renewables projects in Saudi Arabia and the United Arab Emirates (UAE) as oil-rich Gulf countries take advantage of the falling cost of solar power to diversify their ene...
