Post Tagged with: "Saudi Aramco"

Source: World Oil

Saudi Aramco’s profit soars as oil prices and output jump

World Oil


Aramco, which last week surpassed Apple Inc. to become the world’s most valuable company, followed Big Oil rivals such as Shell Plc and BP Plc in reporting bumper earnings for the first quarter. Like them, the Saudi …

Source: CNBC

Saudi Aramco CEO warns of social unrest if new investment in fossil fuels ends too quickly

CNBC


Amin Nasser, the chief executive of Saudi Aramco, the world’s biggest oil producer, urged global leaders on Monday to continue investing in planet-warming fossil fuels in the years ahead, arguing that the assumption the world could transition to clean …

Source: CNBC

Saudi Aramco posts 160% rise in third-quarter profit, chairman calls for ‘stable’ energy transition

CNBC


DUBAI, United Arab Emirates — Saudi Arabia’s oil giant Aramco has posted a 158% increase in third quarter net income to $30.4 billion, as the world’s largest oil companies continue to benefit from the reopening of the global economy

Source: Nasdaq

Saudi Aramco scouting for more deals to offer to investors

Nasdaq


DUBAI – Saudi Aramco 2222.SE is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a $12.4 billion deal for its crude …

Source: Reuters

Saudi Aramco Q2 profit soars on higher prices, demand recovery

Reuters


DUBAI – Saudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand.

Aramco said its results were …

Source: Reuters

Aramco sees major hydrogen market forming amid historic pressure test for Big Oil

CNBC


Saudi Arabia’s oil giant Aramco is stepping up efforts to promote initiatives in hydrogen technology and investments to reduce carbon emissions, after a harrowing investor smackdown for Big Oil.

“Hydrogen is real,” Aramco Chief Technology Officer Ahmad Al Khowaiter …

Source: Reuters

Saudi Aramco extends $10 bln loan on improved terms, sources say

Reuters


DUBAI – Saudi Arabian oil giant Aramco 2222.SE has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters.

Aramco has borrowed tens of billions of …

Source: Reuters

Saudi Aramco raises $6 billion with debut sukuk

Reuters


DUBAI- Saudi Arabian oil giant Aramco locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first U.S. dollar-denominated sukuk sale, a document showed.

The debt …

Source: CNBC

Oil giant Saudi Aramco beats estimates with 30% hike in first-quarter profit

CNBC


Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market crash that saw full-year earnings for the state firm slashed in half.

In a

Source: Reuters

Saudi Aramco sends request to banks for pipeline deal financing – sources

Reuters


DUBAI – Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract …

Source: CNBC

Saudi Aramco profit slumps 44% after Covid-battered year, but maintains dividend

CNBC


Oil giant Saudi Aramco reported a 44% slump in full-year 2020 results, but maintained its $75 billion dollar dividend payout, with CEO Amin Nasser describing the last twelve months as one of the most “challenging years” in recent history.

Source: Reuters

Saudi Aramco to prioritise energy supply to China for 50 years, says CEO

Reuters


BEIJING – Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development …

Source: Reuters

Global oil demand recovery, gas growth ahead, say Aramco, Chevron CEOs

Reuters


Global oil demand is recovering and could return to around pre-pandemic levels next year, the chief executives of Saudi Aramco and Chevron Corp told an oil and gas conference on Tuesday.

The coronavirus pandemic last year wiped out a …

March 2, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Saudi Aramco cuts February crude supply to some Asian refiners – sources

Reuters


SINGAPORE/NEW DELHI – Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyer by up to a quarter while meeting requirements of at least four others, several refinery and trade sources with knowledge of …

Source: Reuters

Saudi Aramco and Baker Hughes JV to develop non-metallic products

Reuters


DUBAI  – Oil giant Saudi Aramco and energy services company Baker Hughes have formed a 50/50 joint venture, Novel, to develop a broad range of non-metallic products for multiple applications in the energy sector.

Novel’s new plant is being …

December 8, 2020 - 12:30 pm Closing Bell Story‎, Energy News
Source: Reuters

Saudi Aramco says domestic supplies unaffected by attack on Jeddah plant

Reuters


JEDDAH  – Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen’s Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after …

November 24, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Saudi Aramco plans debt market comeback with multi-tranche bond deal

Reuters


DUBAI – Saudi Aramco said on Monday it had hired banks for a multi-tranche U.S. dollar-denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices.

Gulf issuers show no sign of slowing this year’s …

Source: Reuters

Oil CEOs believe a demand recovery is coming, but volatility is here to stay

CNBC


Top energy chief executives say oil demand will recover next year, but they expect volatility to remain elevated, as the industry emerges from the reckoning of the coronavirus pandemic.

“We face a lot of uncertainty,” Total CEO Patrick Pouyanne …

Source: Reuters

Saudi Aramco and BlackRock, others, discussing deal worth over $10 billion – sources

Reuters


DUBAI – Saudi Aramco 2222.SE is in talks with BlackRock BLK.N and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said.

The deal, internally dubbed “Project Seek”, is …

Source: Reuters

Sole survivor? Saudi Aramco doubles down on oil to outlast rivals

Reuters


DUBAI/RIYADH – The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come.

But Saudi …

Source: Reuters

Saudi Aramco to press ahead with plan to boost output capacity, CEO says

Reuters


DUBAI/RIYADH (Reuters) – Saudi Aramco (2222.SE) is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, …

August 10, 2020 - 10:01 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Saudi Aramco completes $69 billion Sabic deal, extends payment window amid oil hit

Saudi Aramco completes $69 billion Sabic deal, extends payment window amid oil hit

CNBC


Saudi Aramco completed the purchase of its 70% stake in the kingdom’s petrochemical giant Sabic from the Saudi Public Investment Fund, it announced Wednesday, tying the knot on one of the largest ever deals in the global chemicals industry.…

Source: Reuters

Graphic: Oil majors cut 2020 spending by 22% after prices slump

Reuters


LONDON- The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia …

Source: Houston Chronicle

Saudis slash oil prices in Asia as virus causes demand shock

Houston Chronicle


Saudi Arabia’s state oil company made deep cuts to the price of crude it sells to Asia, where an outbreak of the coronavirus has caused a slump in demand.

Saudi Aramco lowered most of its official selling price …

Source: Houston Chronicle

Aramco, Lebanon, Gulf Oil: A guide to Middle East risks in 2020

Houston Chronicle


If 2019 was the year when a clutch of Middle East markets burst into the mainstream, then 2020 will test whether the foreign money keeps flooding in.

The year opened with five Gulf Arab economies joining JPMorgan Chase …

December 19, 2019 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, International
Exclusive: Saudi Aramco pursues war cover after attacks – sources

Exclusive: Saudi Aramco pursues war cover after attacks – sources

Reuters


LONDON/RIYADH – Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.

Aramco, the world’s largest oil company, …

December 4, 2019 - 2:00 pm Closing Bell Story‎, Energy News, International
Saudi Aramco in race for IPO record with $1.7 trillion top value

Saudi Aramco in race for IPO record with $1.7 trillion top value

Reuters


DUBAI- Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s …

Saudi Arabia formally launches IPO of oil giant Saudi Aramco

Saudi Arabia formally launches IPO of oil giant Saudi Aramco

Saudi Arabia formally started its long-anticipated initial public offering of its state-run oil giant Saudi Aramco on Sunday, which will see a sliver of the firm offered on a local stock exchange in hopes of raising billions of dollars for …

Source: Reuters

Aramco meets investors in last-minute bid to hit $2 trillion IPO target: sources

Source: Reuters


DUBAI (Reuters) – Saudi Aramco officials and advisers are holding last-minute meetings with investors in an attempt to achieve as close to a $2 trillion valuation as possible ahead of an expected listing launch on Sunday, according to …

Saudi Aramco’s IPO coming soon: energy minister

Saudi Aramco’s IPO coming soon: energy minister

S&P Global Platts


The initial public offering of Saudi Aramco — the company that is preparing to sell up to a 5% stake — will happen soon, the country’s energy minister said on Wednesday.

Saudi Aramco's IPO coming soon: energy minister - oil and gas 360

The Aramco IPO is “going to …

October 30, 2019 - 7:55 am Closing Bell Story‎, Energy News, International