Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure, its chief executive told Reuters on Tuesday…
Changes in the management of its oil ministry by Saudi Arabia will not impact cooperation between Russia and the Middle East kingdom, Russian Energy Minister Alexander Novak stated today, adding that he plans to meet his Saudi counterpart Khalid…
Indian multinational conglomerate Larsen & Toubro Limited (L&T) announced that a consortium of its arm L&T Hydrocarbon Engineering Limited (LTHE), and EMAS AMC PTE Ltd (A Subsea7 Company) has been awarded a project by Saudi Aramco for offshore jackets…
British oilfield services provider Wood Plc said on Tuesday it would sell its nuclear energy business for about $305 million to Jacob Engineering, acting to reduce its debt burden as it reported a 2.6% drop in first-half revenue.Wood's debt surged in 2017 when it paid $2…
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.Aramco's planned IPO, which could potentially raise $100 billion…
National Energy Services Reunited (NESR), a provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions, has been awarded contracts worth US$660 million by Saudi Aramco for coiled tubing, stimulation and cementing services for a five year period…
American engineering company KBR, Inc., announced that it has been awarded a project management contract by Saudi Aramco to provide project management services for Saudi Aramco's offshore program.KBR will provide project management and engineering…
Aberdeen-based equipment and integrated engineering services company Sparrows Group said it has bolstered its position in Saudi Arabia after securing vendor approval status from national oil company Saudi Aramco.The approval allows recently formed local entity…
Saudi Aramco's King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK.OSC will develop a business incubator called the Common User Supply Base (CUSB) in collaboration with Saudi Aramco…
Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia's energy minister confirming plans for the listing to proceed in 2020 or 2021…
Saudi Aramco signaled its commitment to cutting edge technology and developing global partnerships with the opening yesterday of a “game-changing” Baker Hughes GE (BHGE) research facility at Dhahran Techno Valley.The facility will house a number of state-of-the-art technologies…
Saudi Arabia’s state owned oil company Saudi Aramco will buy 5 million tons of liquid natural gas per year(LNG) from the U.S. company Sempra Energy, based in San Diego under a 20 year agreement.The heads of agreement (HOA) between the companies…
The Saudi Arabian Oil Company (Saudi Aramco) is planning to buy oil major Shell's 50% stake in Saudi Aramco Shell Refining Co (SASREF), a Saudi refining complex developed as a joint venture between the two oil companies, for $631 million.Abdulaziz Al-Judaimi…
South Korean shipyard Hyundai Heavy Industries sells its share of oil refinery Hyundai Oilbank to Saudi Arabian oil giant Saudi Aramco.According to a press release, Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC) will purchase a 17% stake in South Korea's Hyundai Oilbank…
Saudi Aramco was by far the world's biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said on Monday.'Saudi Aramco is the largest oil producer globally by volume…
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