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  • Aramco Reserves
    Saudi Aramco’s oil reserves confirmed by external audit: sources

    The first independent audit of Saudi Aramco's [IPO-ARMO.SE] oil reserves has confirmed the state oil company's own figures, sources familiar with the situation said, ahead of its planned share market listing next year.

  • Saudi Aramco
    Saudi Aramco Said to Weigh Up to $5 Billion of Renewable Deals

    Saudi Aramco, the world’s largest oil company, is considering as much as $5 billion of investments in renewable energy firms as part of plans to diversify from crude production, according to people with knowledge of the matter.

  • Saudi Aramco IPO
    Saudi Aramco selects U.S. firms to audit its reserves for IPO: sources

    State oil giant Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources said on Thursday.

  • Aramco IPO
    Saudi Aramco Hires Firm to Assess Oil Reserves Before IPO

    Saudi Arabia’s state oil company has hired an energy consultant to assess its reserves of crude oil, people familiar with the matter said, opening a window to a closely guarded secret ahead of its initial public offering.

  • Saudi Aramco
    Saudi Aramco Axes Plans for Petronas Joint Venture

    Saudi Arabian Oil Co., or Saudi Aramco, has given up plans to partner Malaysia’s national oil company for an up to 89 billion ringgit ($20.1 billion) refining and petrochemicals project in the southern state of Johor, according to three people familiar with the matter.

  • Aramco IPO
    Saudi Aramco asks banks to pitch for world’s largest share sale

    Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world's biggest initial public offering, sources familiar with the matter told Reuters on Tuesday.

  • Aramco IPO
    Saudi Aramco gets ready for ‘no ordinary IPO’

    Staff at Saudi Aramco have spent months untangling the company’s finances from those of the government, and separating its core oil operations from projects that reflect its broader role in Saudi society.

  • Saudi Aramco
    Saudi Aramco keeps up expansion pace with raft of contracts

    There have been some signs that budgets will be under less pressure in the year ahead but oil industry consultants at Wood Mackenzie estimate that global oil company capital expenditures (capex) for 2016 and 2017 combined will be about US$400 billion lower than in 2014.

  • Saudi Aramco
    Saudi Aramco awards McDermott an EPCI contract

    Saudi Aramco has awarded McDermott International a contract for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore in the country.

  • Aramco IPO
    Tough road ahead for Saudi Aramco IPO plans

    "The potentially biggest IPO in history [of Aramco] is likely to be fraught with challenges and insiders continue to highlight that sorting these out could take a few years," Amrita Sen, the chief oil analyst at Energy Aspects, a consultancy, has said.