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  • Commentary: How Saudi Aramco IPO proved a game changer in a tumultuous year for oil

    But from the summer onwards, as Aramco’s low-cost advantages and deep financial resources became apparent, and when some stability was restored to global oil markets under OPEC+ discipline, the trend was reversed.

  • Saudis Stop Disclosing Oil Revenue Following Aramco’s Listing

    “The reason we don’t disclose the oil and non-oil breakdown is because of the presence of Aramco as a listed company,” Finance Minister Mohammed Al-Jadaan said in a press conference following the kingdom’s budget announcement for next year. “The government deals with Aramco as a supplier for tax. We have revenue that comes from Aramco, tax that comes from Aramco and also dividends since the government is the largest shareholder.”

  • Saudi Aramco’s panda bond may be an endangered deal as market’s small size hinders fundraising by oil giants, bankers say

    While Saudi Aramco has listed the yuan as a potential fund-raising currency for a debt issuance, bankers say the market size could hinder the deal Year-to-date issuance of panda bonds is down 50 per cent compared to 2018, though some analysts see it picking up in 2021

  • Aramco Said to Tap Moelis to Raise Billions From Asset Sales

    Saudi Aramco, the world’s biggest oil company, has hired Moelis & Co. to devise a strategy for selling stakes in some subsidiaries, according to people familiar with the matter. The plan includes raising around $10 billion from a stake sale in Aramco’s pipelines, said the people, who asked not to be identified because the matter is private. Moelis and Aramco declined to comment.

  • Saudi Aramco Energy Ventures invests in US-based Dragos

    Dragos was founded in 2016 to detect and respond to threats facing industrial control systems (ICS), the devices critical to the continued operations of power plants, water and energy supplies, and other critical infrastructure. The company’s threat detection platform — its moneymaker — helps companies with industrial control systems defend against hackers trying to get into important operational systems.

  • Baker Hughes, Aramco to Develop Oil, Gas Products Using Nonmetallic Resources

    The nonmetallic products are being deployed in a variety of industries, from the oil and gas sector to automotive, building and construction, packaging and renewables. In addition to being more sustainable, these advanced materials are lighter than their conventional counterparts and resistant to corrosion, according to Baker Hughes.

  • Saudi Aramco and Baker Hughes JV to develop non-metallic products

    Oil giant Saudi Aramco and energy services company Baker Hughes have formed a 50/50 joint venture, Novel, to develop a broad range of non-metallic products for multiple applications in the energy sector. Novel’s new plant is being constructed at Saudi Arabia’s King Salman Energy Park (SPARK), a 50 sq km energy city aimed at making the kingdom a global energy, industrial and technology hub.

  • Why Saudi oil giant Aramco is getting into sport sponsorship

    F1 has a massive fan base of more than 500 million and a television audience of 1.9 billion, and Aramco’s sponsorship provides a unique opportunity to raise the brand profile of the company to new markets and customers and grow familiarity with our business.

  • ‘The worst is behind us’: Saudi Aramco CEO

    “Despite COVID-19 and all its challenges, our work is going on at Aramco. We have continued to pursue our long-term strategy to be a bigger player in chemicals, to projects here in the Kingdom and around the world. In fact, the progress we have made is just the beginning of a major transformation positioning Aramco for the future,” he said. In a statement ahead of the ceremony, Joseph Chang, global editor of the ICIS Chemical Business publication, praised Nasser for his achievements.

  • Analysis: Saudi Aramco’s IPO Anniversary Crashed by the UAE

    The word “pandemic” didn’t appear among the risk factors in the prospectus for the world’s biggest IPO, Saudi Aramco’s, which marks its first anniversary this weekend. It turns out that didn’t matter: Despite Covid-19’s savaging of the oil market, shares of Saudi Arabian Oil Co. now trade 12% higher than where they debuted. Others haven’t fared so well.