Saudi Aramco Company News

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Sources: Saudi Aramco, Malaysia's Petronas Tap Banks for Jumbo Financing
Tuesday, August 07, 2018 Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.

Saudi Aramco Taps Saipem for Pipeline System Contract
Wednesday, July 25, 2018 Saipem has won onshore contracts in Asia, Europe, North America and Africa totaling approximately $800 million.

Yemen's Houthis Say They Attacked ARAMCO Refinery In Riyadh With Drone
Wednesday, July 18, 2018 The Iranian-aligned Houthi movement in Yemen said it had attacked a Saudi Aramco refinery in Riyadh.

Preparations for Listing Aramco Stalled - WSJ
Thursday, July 05, 2018 Public listing preparations of Saudi Aramco have stalled, the Wall Street Journal reported.

Saudi Aramco Signs Deal To Make Onshore Oil Rigs, Equipment
Thursday, June 28, 2018 audi Aramco signed a deal with National Oilwell Varco Inc. (NOV) to form a joint venture.

Saudi Oil Minister Says Aramco IPO Is 'Most Likely' in 2019
Friday, May 25, 2018 The initial public offering of Saudi Aramco will 'most likely' happen in 2019, the kingdom's oil minister says.

Land Acquisition Woes Thwart India's Mega Refinery Plan With Saudi Aramco
Thursday, May 17, 2018 Land acquisition has always been a contentious issue in rural India.

An Upstream Comeback with Less Splash but More Cash?
Friday, May 11, 2018 Capital spending with free cash flow, rather than debt, is a hallmark of the 'new normal.'

Poland's Refiner PKN To Buy More Oil From Saudi Aramco
Friday, April 27, 2018 PKN Orlen says it will increase its monthly oil purchases from Saudi Aramco.

Saudi Aramco to Lift Oil-Trading Volume to 6 Million Barrels/Day
Monday, April 23, 2018 The jump in trading volume would put Saudi Aramco in the top tier of companies that buy and sell crude and refined products.

Oil Major Total and Aramco Sign $5B Deal to Build Jubail Petrochem Complex
Tuesday, April 10, 2018 French oil and gas major Total signed a $5 billion deal with Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery.

India Prepared to Give Saudi Aramco 50 pct Stake in Planned Mega Refinery
Tuesday, April 10, 2018 India is set to grant Saudi Aramco a 50 percent stake in a planned 1.2 million barrels per day west coast refinery - a move that would give the kingdom a new stable outlet for its oil.

Aramco Takes Step to Integrating Petrochems into US' Biggest Refinery
Monday, April 09, 2018 Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery.

As Prince Visits, Saudi Aramco to Sign $10 bln of Deals in France
Monday, April 09, 2018 Saudi Aramco will sign eight deals worth $10 billion with French firms, the chief executive of the state-run oil giant said.

Saudi Aramco, Total to Sign Refinery Expansion Deal Next Week - Sources
Thursday, April 05, 2018 State oil giant Saudi Aramco and French oil major Total plan to sign an agreement next week for the expansion of their joint venture refinery in Saudi Arabia, sources familiar with the matter told Reuters.

Saudi Aramco Finalizes Refinery Deal With Malaysia's Petronas
Wednesday, March 28, 2018 Saudi Aramco finalizes a deal with Malaysian state energy company Petronas.

Aramco Said to Get Cool Response on IPO From US Investors
Friday, March 16, 2018 Even with a market value of $1 trillion Saudi Aramco would comfortably be the planet's most valuable company.

The Next Entrant in the Shale Revolution? OPEC's Saudi Arabia
Wednesday, March 07, 2018 Saudi Aramco, the world's largest oil exporter, plans to start producing unconventional natural gas this month.

Saudi Aramco CEO: Global Oil Sector Needs $20T Investments Over 25 Years
Tuesday, March 06, 2018 The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth.

Russia Says It May Invest in Aramco IPO Via Fund With China
Wednesday, February 14, 2018 Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco's initial public offering.

Permian Seen Second to Saudis for Spare Oil-Output Capacity
Monday, February 05, 2018 The Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri.

CB&I, Chevron Lummus Global, Saudi Aramco Launch 'Crude-to-Chemical' JV
Thursday, January 18, 2018 Three-way agreement is 'technological first,' says Saudi Aramco president.

Tellurian Set to Boost Louisiana Gas Holdings Tenfold
Tuesday, January 16, 2018 Tellurian plans to start building its Driftwood LNG export terminal in Louisiana next year.

Saudis Seen Counting on 80% Surge in Oil Income to Balance Books
Wednesday, December 27, 2017 Saudi Arabia's plan to erase its budget deficit by 2023 relies on a scenario that would see oil revenue surge by about 80%, according to people with knowledge of the matter.

Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr
Tuesday, November 14, 2017 Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt.

RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project
Monday, November 13, 2017 Russia and Saudi Arabia have agreed to study the possibility of Saudi Aramco taking part in Novatek's Arctic LNG 2 project.

Aramco Expects To Boost Capital Spending By About 10%
Thursday, November 09, 2017 Saudi Aramco expects to increase its capital spending budget by almost 10% in its next financial year.

Saudi Aramco Contractor Arkad Forms Oil, Gas Venture With ABB
Monday, November 06, 2017 The deal opens the doors to business in North Africa and the Gulf region.

Saudi Aramco to Push Back Shutdown at Ras Tanura Refinery
Monday, November 06, 2017 Ras Tanura is Saudi Arabia's largest oil refinery with a capacity of 550,000 barrels per day.

Saudi Exchange Aims to Be Sole Listing Venue for Aramco Shares
Thursday, October 26, 2017 Saudi Arabia's stock exchange is gunning for the exclusive right to list shares of oil giant Aramco.

PFI: Petronas, Aramco Seeking $8B For Malaysian Project
Wednesday, October 25, 2017 Petronas and Saudi Aramco are seeking to raise $8B for a refinery and petrochemical complex via a bridge loan, PFI reports.

Saudis Tell 'Davos in Desert' Aramco IPO on Track for 2018
Tuesday, October 24, 2017 Saudi Arabia reassured global investors that it's on track to sell shares in oil giant Aramco in 2018.

Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018
Wednesday, October 18, 2017 Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company.

Saudis Said to Weigh Delaying International Part of Aramco IPO
Friday, October 13, 2017 Saudi Arabia is considering selling shares in Saudi Aramco next year while delaying the international portion of the IPO until 2019, according to sources.

How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015
Tuesday, October 10, 2017 Saudi Arabia has promised to do 'whatever it takes' to end the global oil gut.

Saudi Aramco Plans 'Mega Investment' in World's Top Oil Guzzler
Monday, October 09, 2017 The oil industry is pinning its hopes on India and China, together home to four of every 10 people in the world.

Saudi Aramco to Boost Turnkey Drilling Contracts
Thursday, October 05, 2017 Saudi Aramco plans to increase turnkey drilling contracts as part of a strategy to boost collaboration with major oilfield service providers, four industry sources said.

Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM
Monday, October 02, 2017 Petronas Chemicals Group Bhd (PCG) says it plans to sell 50% of a polymers unit to Saudi Aramco's wholly owned subsidiary.

Middle East Oil Producers Turn to Crude Trading to Boost Incomes
Friday, September 29, 2017 Other OPEC members are joining in as oil prices remain at roughly half their levels of mid-2014.

Aramco Plans to Buy Non-Saudi Crude in Global Trading Expansion
Tuesday, September 19, 2017 Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world's biggest exporter prepares for what could be a record initial public offering.

Saudis Are Said to Prep for Possible Aramco IPO Delay to '19
Thursday, September 14, 2017 Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.

Will Saudi Aramco Deliver World Record Profit For Next Year's IPO?
Friday, September 08, 2017 When Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2T valuation in its IPO.

Saudi Aramco Uses New Technology To Re-Explore Vast Empty Quarter
Thursday, August 31, 2017 Saudi Aramco is using new technology to re-explore areas of the vast Arabian desert known as the Empty Quarter.

Dow Chemical Plans to Boost Stake in Sadara JV to 50 Pct
Monday, August 28, 2017 The Sadara complex has 26 integrated facilities and the capacity to produce more than 3 million tonnes of products per year.

Saudi Aramco, SABIC Launch Bidding At Key Chemical Project
Thursday, August 24, 2017 Saudi Aramco and SABIC have launched bidding for engineering work on their joint crude oil to chemicals project.

Falih: Saudi Aramco To Sign China's Yunnan Refinery Deal In 6 Months
Wednesday, August 23, 2017 Saudi Aramco is expected to sign a final deal with PetroChina within six months to invest in its Yunnan refinery.

Saudi's Sadara Commissions Last Plant of Its Saudi Petchem Complex
Monday, August 14, 2017 TDI is mainly used in the production of flexible polyurethane foam for furniture, mattresses and car seats.

Saudis Said to Weigh Oil-Price Linked Tax for Aramco Before IPO
Monday, July 31, 2017 Saudi Arabia is considering a flexible tax system for state-owned oil company Aramco that would increase royalty payments when crude prices rise, according to people familiar.

Saudi Aramco To Complete Phase 1 Of Expanded Gas Pipeline By Year End
Wednesday, July 26, 2017 Saudi Aramco will complete the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of this year.

First Phase of Saudi Aramco's Energy Industrial City Complete in 2021
Tuesday, July 18, 2017 State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021.