Saudi Aramco May Scrap IPO, Going with Private Investors $OIL Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its Y 2018 target, sources familiar with the matter said Friday. The IPO (initial public offering) is expected to be the […]
Saudi’s Accelerate Economic Reforms, Aramco IPO on Track Saudi Arabia’s government says that it is accelerating its economic reforms, while revising some of them to give ministries more flexibility in meeting their targets. The Vision 2030 reform program, launched by Crown Prince Mohammed bin Salman last year, aims to free the economy from dependence on […]
Saudi Aramco to Sign Deals with US Firms During President Trump’s Visit $BHI, $HAL, $SLB, $GE Deals are expected to be signed with US companies such as Schlumberger, Halliburton, Baker Hughes and Weatherford Saudi Aramco is due to sign deals with 12 US companies Saturday during US President Donald Trump’s visit to Saudi Arabia. The […]
Saudi Aramco’s Crude Oil Reserves Confirmed by External Audit ahead of IPO $OIL, $BHI, $BP Based on a figure of 265-B barrels, Aramco’s fields contain about 15% of the world’s proven Crude Oil reserves The 1st independent audit of Saudi Aramco’s Crude Oil reserves has confirmed the state Oil company’s own figures, sources familiar with […]
Aramco IPO to Reveal Extent of Saudi Crude Oil Reserves Khalid al-Falih said 3rd parties would independently verify “reserves” disclosed to investors The planned listing of state-owned Oil giant Saudi Arabia will include information on the extent of the Kingdom’s reserves, according to reports. Saudi energy minister Khalid al-Falih said the IPO (initial public offering) […]
Saudi Crude Oil Exports at 7.622-M BPD in July $OIL The the Arab Kingdom produced a record high 10.673-M BPD in July Saudi Arabia’s Crude Oil exports rose in July as the kingdom pumped record high levels of Crude Oil, keeping the global market well supplied. The world’s largest Oil exporter has been maintaining high […]
GCC States See Record Oil & Gas Drilling As Rest Of World Falls Behind $OIL, $USO, $BHI The Arabian Peninsula accounts for nearly 30% of all active Crude Oil and Nat Gas drilling rigs outside of the US A record number of rigs are drilling for Oil & Gas on the Arabian Peninsula even as […]