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  • Yemeni Houthis say they fired missile at Saudi Aramco site in Jeddah

    Yemeni Houthi forces fired a missile that struck a Saudi Aramco oil company distribution station in Saudi Arabia’s Red Sea city of Jeddah, a Houthi military spokesman said on Monday.

  • Aramco bond pricing leaves no doubt investors see it as Saudi proxy

    With its second foray in the international markets this week, Aramco raised $8 billion out of an order book that peaked at $50 billion. One source familiar with the matter said it was the highest over-subscription this year for multi-billion dollar deals. Hefty demand showed that investors continued to see the company as an attractive asset -- despite lower oil prices and an attack on Aramco installations in September last year that revealed the vulnerability of the state-controlled oil company.

  • Climate action investor group adds Saudi Aramco to focus list

    One of the world’s leading investor groups pushing for more corporate action on climate change said it has added Saudi Aramco, the world’s largest oil producer, to its list of target companies. Climate Action 100+, the 450 members of which manage more than $47 trillion in assets, seeks to engage with the companies responsible for much of the world’s greenhouse gas emissions to encourage the transition to a low-carbon economy.

  • Saudi Aramco Raises $8 Billion Bond

    Aramco’s deal was the largest from a company in emerging markets this year, according to data compiled by Bloomberg. The firm sold tranches maturing in three, five, 10, 30 and 50 years. Investors placed more than $50 billion of orders, according to people with knowledge of the matter. Pricing ranged from 1.32% for the shortest notes to 3.65% for the 50-year portion. The spreads over U.S. Treasures were between 110 basis points and roughly 200.

  • Saudi Aramco and China to bridge the climate gap

    The headline takeaway from the speech was Aramco’s offer to be a “bridge” between China’s current reliance on comparatively dirty fossil fuels and its stated ambition to move to a carbon neutral economy by 2060. Since the China strategy also involves doubling its economy in size by 2035, there is a big potential energy market there — for the right kind of fuel.

  • Saudi Aramco Aims To Deliver Capital-Effective Petrochemical Projects

    Saudi Aramco commissioned a creative two-pronged assessment—one following a bottom-up approach, the other a top-down approach—of the potential risks associated with delivering major petrochemicals projects in four regions—China, the Kingdom of Saudi Arabia, India, and the US Gulf Coast (USGC). Wood PLC and Independent Project Analysis (IPA) Inc. were tasked by Saudi Aramco’s Facilities Planning Team to conduct independent comprehensive project risk assessments for each of the four regions.

  • Saudi Aramco Proposes Selling Gas to China to Build on Oil Ties

    Saudi Aramco wants to sell natural gas to China to help its biggest customer for oil make the transition to cleaner fuels, Chief Executive Officer Amin Nasser said. The Saudis, who have fought to remain among China’s largest crude suppliers, are also looking at options to develop and supply energy sources such as hydrogen and new kinds of chemicals to broaden their relationship with China, according to comments Nasser made on Wednesday to the China Development Forum.

  • Saudi Aramco Fleet Aims for Higher Environmental Standards

    Saudi Aramco intends to achieve the ENVIRO notation for each of the 23-strong fleet of offshore support vessels, tugs, self-elevating units, and special purpose vessels. Seven (7) vessels have already been awarded the notation, with the remainder of the fleet in the process of being evaluated.

  • Reliance’s deal talks with Saudi Aramco gaining momentum: ET Now

    Reliance’s shares have been on a tear in 2020, rising more than 35% this year, as it raised billions of dollars from global investors for its digital and retail arms.

  • Q&A: How R&D fuels Saudi Aramco’s growth strategy

    Ashraf Al Tahini, he head of Saudi Aramco’s upstream research and development unit EXPEC ARC, talks about the company’s strong push into technological research, its role in bolstering resilience during a crisis like the pandemic, and the future for upstream research