Saudi Aramco | Egypt Oil & Gas - Part 26

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 bon ...

Saudi Aramco Installs New ESP System

Saudi Aramco recently installed and tested the functionality of its Baker Hughes TransCoil rigless deployed electrical submersible pumping (ESP) system, which is expected to cut down on installation and replacement c ...

Saudi Aramco Eyes $5b Investment in Renewables

Saudi Aramco is considering as much as $5b of investments in renewable energy firms as part of plans to diversify from crude production.

Saudi Aramco’s Oil Reserves Reach 261b Barrels

The external audit of the oil reserves of Saudi Aramco ahead of its planned IPO has confirmed that Saudi Arabia’s oil giant has more than 261b barrels of reserves.

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 Malaysia.

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.

Aramco Awarded Wood Group Engineering Deal

UK's Wood Group has secured a five-year deal to continue providing engineering and project management services to Saudi Arabia's state-owned oil firm Saudi Aramco.

S-Oil to Sell Refined Oil Goods to Aramco

South Korea's S-Oil, the country's third-largest refiner, has signed a $1b deal to sell a combined 38m barrels of diesel, naphtha and jet fuel this year to Saudi Aramco.

S. Arabia Cut Oil Output by 486,000b/d

Saudi Arabia has cut its crude-oil production by at least 486,000b/d since October, bringing the world’s largest exporter of petroleum swiftly into line with OPEC’s deal to raise prices.

Aramco, LTHE Agreed on EPCI Deals

Saudi Aramco has awarded two engineering, procurement, construction and installation (EPCI) contracts to L&T Hydrocarbon Engineering (LTHE).

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