- Joe Barone, Shale Directories
- Blog
- September 2, 2020
Saudi Aramco makes two oil and gas discoveries
Saudi Aramco has made two new oil and gas discoveries in northern Saudi Arabia, according to the countryâs official news agency SPA.- Joe Barone, Shale Directories
- Blog
- August 25, 2020
Saudi Aramco builds new unit for corporate development
Saudi Arabiaâs oil giant Saudi Aramco has created a new unit to optimize the companyâs portfolio and focus on growth opportunities, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 15, 2020
Saudi Aramco restructures downstream business
Saudi state oil company Saudi Aramco announced on Tuesday itâs reorganizing its Downstream business into four commercial units, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 27, 2020
Aramcoâs Bahri shelves LNG-tanker charter plan: report
Saudi Aramcoâs shipping arm Bahri is said to have shelved plans to charter up to 12 liquefied natural gas (LNG) tankers, following a delay in final investment decision (FID) for the Port Arthur LNG project.- Joe Barone, Shale Directories
- Blog
- March 17, 2020
Aramco âvery comfortableâ with oil at $30 a barrel: officials
Saudi Aramco is âvery comfortableâ with crude oil prices of $30 a barrel and will remain so âfor a long time,â officials said on Monday during the companyâs first earnings call with investors and analysts.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
Saudi Arabia, UAE to flood oil markets in April
As the coronavirus outbreak is declared a pandemic by the World Health Organization, Saudi Arabia and the UAE announced they are increasing crude supply to the market in April by around 3 million barrels per day (Mmbpd), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 25, 2020
Oil slides, posts worst day in more than a month
Crude oil on average slid more than 3.5% Monday, falling into bear market territory as the number of coronavirus cases outside of China jumped, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 17, 2020
Citi believes thereâs an âultimate capâ on oil prices
The cost of producing electricity from solar energy in the last two years has been lower than that of fossil fuels â and that âpermanent changeâ will limit how high oil prices can climb, according to Citibank, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- January 13, 2020
Aramco raises IPO to record $29.4B by share over-allotment
Saudi Arabia-owned Saudi Aramco said Sunday it had exercised its over-allotment to sell an additional 450 million shares in the oil giant, raising the size of its initial public offering to a record $29.4 billion, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- November 11, 2019
Aramco will offer less than 1% of shares to individuals
Saudi Aramco will sell up to 0.5% of its shares to individual investors in what could be the largest initial public offering in history, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 30, 2019
Aramco to begin planned IPO on Nov. 3: sources
Saudi Aramco aims to announce the start of its initial public offering on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure anchor investors.- Joe Barone, Shale Directories
- Blog
- October 22, 2019
Aramco delays planned IPO until post-earnings update
Saudi Aramco has delayed the planned launch of its initial public offering in hopes pending third-quarter results will raise investor confidence in the worldâs largest oil firm, two sources familiar with the matter told Reuters.- Joe Barone, Shale Directories
- Blog
- September 3, 2019
Saudi Arabia splits energy, industry ministry
Saudi Arabia has announced a reshuffling in its former most important ministry â the Energy, Mineral Resources and Industry Ministry â as the kingdom prepares for a transformational future, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 22, 2019
Refiner Motiva moves into petrochemicals
Motiva Enterprises said this week itâs buying the Flint Hills Resources chemical plant adjacent to its Port Arthur, Texas, oil refinery, marking its entry into petrochemicals, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 13, 2019
On-off Saudi Aramco IPO âback onâ
Saudi Aramcoâs on-off-on-again initial public offering is being accelerated, according to the Wall Street Journal, though it remains unclear when the listing may happen.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Oxy sells $13B of debt to help fund Anadarko buy
Occidental Petroleum sold $13 billion of debt to help finance its acquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, people familiar with the matter told Bloomberg.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Aramco breaks demand record, bond tops $100B
Orders for Saudi Aramcoâs debut international bonds topped $100 billion, a strong vote of market confidence for the worldâs largest oil company, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 28, 2019