Saudi Arabia ///

Aramco CEO says ready for IPO as listing venues up in air

Saudi Arabian Oil Co. is ready for its initial public offering in the second half, with the government yet to decide where to list the shares, CEO Amin Nasser said.

Saudi Aramco said to seek adviser for global gas deals

Saudi Arabian Oil Co. is seeking to hire a bank to advise on plans to buy natural gas assets, according to people familiar with the matter, ahead of what could be the world’s biggest share sale.

Gulf Arab Energy producers issue record debt for expansion

Gulf Arab energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans.

Saudi Arabia said to expect oil revenue to increase 80% by 2023

Saudi Arabia expects oil revenue to jump about 80% by 2023 to help the kingdom record its first budget surplus in a decade, according to people with knowledge of the matter.

Saudi Aramco embarks on global hunt for natural gas supplies

Saudi Aramco is looking for natural gas assets from Russia to East Africa and the U.S. as the kingdom’s state-owned energy giant hunts for ways to meet soaring domestic demand.

Saudi Arabia sees higher oil revenue as OPEC cuts boost prices

Saudi Arabia expects oil revenue to jump 12% next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018.

SNC-Lavalin, Saudi Aramco sign MoU supporting in-country opportunities

SNC-Lavalin and Saudi Aramco today signed a Memorandum of Understanding (MoU) signalling SNC-Lavalin’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia.

Saudi oil minister says cuts to stay until market balanced

OPEC and its allies outside the group will maintain their cuts in oil output until global production meets demand, Saudi Arabia’s Energy Minister Khalid Al-Falih said.

Saipem awarded $400-million E&C contract from Saudi Aramco

Saipem has been awarded a new E&C offshore contract by Saudi Aramco for engineering, procurement, construction (EPC) activities in Saudi Arabia, under the long-term agreement renewed in 2015 until 2021.

Wood, Saudi Aramco sign MoU supporting in-country opportunities

Wood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia.

New gas turbine improves gas protection in dusty environments

Parker Hannifin recently announced the release of its new clearcurrent PRO SP+ cartridge filter at the ADIPEC show in Abu Dhabi.

WTI holds near $56/bbl after surging on Saudi cut-extension plea

Oil held near $56/bbl after surging the most in almost two weeks as Saudi Arabia’s energy minister said OPEC should announce an extension to supply cuts when it meets at the end of the month.

Investors key on geopolitics over crude in Saudi Arabia

Investors in Saudi Arabia’s stock market are more concerned with political headlines coming out of Riyadh than oil prices.

Oil short-sellers return as doubts loom on OPEC's horizon

After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit for now. Wagers on lower prices rose by the most since June as Middle East tensions took a backseat, while uncertainty looms over Saudi Arabia’s push to extend OPEC’s output curbs this month.

Oil climbs as Saudi Arabia seeks to dispel doubts over Russia

Oil climbed, paring losses earlier this week, as Saudi Arabia moved to dispel doubts over Russia’s readiness to extend output curbs.

Saudi Arabia says OPEC should extend cuts in meeting this month

Saudi Arabia’s Energy Minister said OPEC and its allies should announce an extension of their output curbs when they gather at the end of this month.

U.S. to dominate oil markets after biggest boom in world history

The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.

Breakup of Saudi-Russian alliance would collapse crude prices, Citigroup says

The Saudi- and Russia-led supply limits that have lifted crude to a 2 1/2-year high must be prolonged for an extended period or prices will collapse, said Ed Morse, global head of commodities research at Citigroup Inc.

Hedge funds add bullish oil bets as Mideast's tension heats up

Hedge-fund bets on rising Brent crude hit a fresh record as tension in the oil-rich region escalated, sending prices to their highest in more than two years.

Saudi Aramco CEO says size of share offering still to be decided

Saudi Arabian Oil Co. is still waiting for a decision on how many of its shares will be offered to the public, or where the listing will be made outside of the kingdom, according to CEO Amin Nasser.