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Posted inDRILLING & PRODUCTION
Saudi Aramco Q1 net income rises 30% year on year
The Saudi oil giant reported net income of $21.7 billion for the first quarter of 2021
Posted inDRILLING & PRODUCTION
Saudi Crown Prince considering sale of 1% Aramco stake to a ‘leading global energy company’
Saudi Aramco originally listed 2% of its shares on the local market in 2019, raising almost $30 billion
Posted inDRILLING & PRODUCTION
Saudi Aramco to invest $110 billion into Jafurah unconventional gas field
The field has an estimated gas volume of 200 trillion cubic feet of rich raw gas
Posted inDRILLING & PRODUCTION
EU antitrust regulators to rule on Aramco’s $69.1bn SABIC acquisition in February
If it does not clear the deal, the Commission can open an investigation of up to five months
Posted inDRILLING & PRODUCTION
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
Posted inNews
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
Posted inDRILLING & PRODUCTION
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
Posted inDRILLING & PRODUCTION
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
Posted inDRILLING & PRODUCTION
Saudi Aramco IPO should be judged on its impact not its valuation, says GlobalData
GlobalData says the long-term value of the IPO, and its impact on Saudi Arabia’s economic diversification, outweighs potential concerns about its valuation