As the world transitions to a less carbon-intensive future, Rystad Energy forecasts that the global inventory of already discovered oil fields with a breakeven oil price of below $60 Brent (real) is sufficient to meet demand growth and offset declines from maturing fields until around 2027
Author Archives: Staff Writer
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Saudi Aramco opens second day of trading with valuation over $2trn
Saudi Aramco’s shares were valued at $10.32 (SAR 38.7) per share when the market opened
Scaramucci says Aramco IPO ‘reasonably priced’, predicts international listing
Former White House communications officer Anthony Scaramucci called the IPO a success, and expects an international listing would also perform well
Saudi Aramco valued at $1.88trn after market debut
The company’s shares hit the daily 10% limit of $9.39 (35.20 Saudi riyals) as trading began today
Saudi Arabia’s 2020 budget projects $49.87bn deficit
Crown Prince Mohammed bin Salman said that economic reform programmes have started to yield results, and emphasised the importance of the private sector in developing the kingdom’s economy
Libya NOC approves Total’s acquisition of Waha concession stake
Total will invest $650mn to develop the Waha concessions, in which it acquired a 16.33% stake through its acquisition of Marathon Oil Libya Limited
Access to private sector financing and increased energy efficiency key recommendations for sustainable growth of MENA energy sector: APICORP
In a roundtable, APICORP outlined five key recommendations for sustainable growth of the region’s energy sector
Saudi Aramco IPO sets new records but raises questions for businesses in Saudi Arabia, says GlobalData
Following the recent news that Saudi Arabia’s national oil company has completed the initial public offering of 3 billion shares raising $25.6bn, Richard Thompson, editorial director at GlobalData, a leading data and analytics company, offers his view.
Saudi Aramco’s $25.6bn IPO will be the world’s largest
Saudi Aramco has decided on a valuation of $8.53 per share, allowing it to unseat Alibaba’s $25bn as the world’s largest IPO
Valve closure interrupts production at key Libya oil field
Production at the El Feel oil field was once again interrupted, and Libya NOC Chairman Mustafa Sanalla called for those responsible to be held accountable.