(Bloomberg) –Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors. The Indian...
(Bloomberg) –Saudi Aramco’s bankers are seeing sufficient early demand to pull off the state oil giant’s initial public offering just three days after launching the deal,...
Gulf Energy SAOC has opened its first cementing casing accessories manufacturing facility in Oman to support Petroleum Development Oman’s (PDO) operations and other customers in Oman...
(Bloomberg) –Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back...
(Bloomberg) –Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion, well below the $2 trillion target sought by...
(Bloomberg) –Saudi stocks opened higher as investors digested the kingdom’s plan to sell a 1.5% stake in the state-owned oil producer. Al Rajhi Bank and National...
Petroleum Development Oman (PDO) and iNNOVATEQ have won a prestigious award at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), which is billed as...
(Bloomberg) –Morgan Stanley is one of the most bearish — and bullish — on Saudi Aramco’s valuation. In a presentation for investors, Morgan Stanley bankers ran...
The Ras Al Hamra Residential Development Project (RAHDP) will be completed on schedule in 2022. Ongoing work includes an ambitious retail development in addition to a...
(Bloomberg) –Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the...
