Browsing Tag
Saudi Aramco
48 posts
Houthis target Aramco sites in Jizan and Yanbu as US pauses Iran strikes
US strikes on Iran paused after 13 nights, but Houthi attacks on Jizan and Yanbu opened a new threat to Saudi oil and Red Sea trade.
Project Peregrine: Kuwait Petroleum seals $16bn pipeline pact with Blackstone, Brookfield, KKR
Kuwait's $16 billion Project Peregrine hands Blackstone, Brookfield and KKR a 49% stake and ties their return to a 2035 target of 4 million barrels a day.
Saudi Arabia and Houthis exchange strikes as Yanbu and Jizan attacks threaten Red Sea oil route
Yanbu helps Saudi Arabia bypass the Strait of Hormuz. Houthi missile attacks have now placed that crucial Red Sea oil route under pressure.
Traders warn oil stockpiles close to empty as Hormuz re-closes in July 2026
Iran's re-closure of the Strait of Hormuz on 12-13 July returns crude markets to the supply gap as IEA emergency stockpile buffers approach empty.
Saudi Aramco helicopter crash kills all 14 aboard near critical Ras Tanura oil hub
Fourteen died in Saudi Aramco’s Ras Tanura helicopter crash. The cause is unknown, and any link to Gulf conflict remains unproven.
National Energy Services Reunited (NASDAQ: NESR) Saudi Jafurah deal anchors path to $2bn revenue run rate
NESR (NASDAQ: NESR) just printed record Q1 with 33 percent growth and a USD 2B run rate target. The Strait of Hormuz risk is the part the bulls discount.
SpaceX reportedly trims IPO valuation target to $1.8tn as Musk disputes the figure
Bloomberg says SpaceX cut its IPO target to $1.8T while raising up to $75B, but Musk calls it false. Inside the financials behind the largest listing in history.
MAN Industries (NSE: MANINDS) acquires Saudi Arabia’s National Pipe Company in $102m Gulf expansion
MAN Industries has bought Saudi capacity below book value. Can the Gulf bet turn MANINDS into a bigger pipeline infrastructure play?
Aramco Q1 2026 profit jumps 26% to $33.6bn as East-West Pipeline absorbs Hormuz shock
Hormuz was closed for ten weeks. Aramco still beat consensus by $2.4bn, ramped its East-West Pipeline to max, and declared a $21.9bn dividend.
European oil majors abandon unified energy transition framework as TotalEnergies, Shell, BP, Eni and Equinor pursue different paths
TotalEnergies hikes dividends. Shell buys back stock. BP retreats from transition. Eni engineers sell-downs. Equinor exits wind. Same oil price, five answers.