EIG-led group closes $12.4bn stake acquisition in Aramco Oil Pipelines
EIG said that a consortium of investors led by it has closed its previously announced $12.4 billion acquisition of a 49% stake in Aramco Oil ... Read More
Saudi Aramco to sell 49% stake in new oil pipelines subsidiary for $12.4bn to EIG-led consortium
Saudi Aramco has signed a deal worth around $12.4 billion with a consortium led by energy infrastructure investor EIG Global Energy Partners to sell a ... Read More
Saudi Aramco, Baker Hughes launch non-metallics joint venture in Saudi Arabia
Saudi Aramco and Baker Hughes have launched a 50:50 joint venture (JV) called Novel Non-Metallic Solutions Manufacturing (Novel) for developing and commercializing a variety of ... Read More
EC approves Saudi Aramco’s $69bn stake acquisition in SABIC
Saudi Aramco has obtained unconditional approval from the European Commission (EC) for its previously announced acquisition of a 70% stake in Saudi Basic Industries Corporation ... Read More
Italian contractor Saipem bags $500m worth offshore contracts
Italian oilfield services company Saipem said that it has bagged various engineering, procurement, construction, and installation (EPCI) contracts worth over $500 million in various parts ... Read More
ARO Drilling awards jack-up drilling rigs contract to IMI
ARO Drilling has awarded a couple of contracts to International Maritime Industries (IMI) for the construction of two LETOURNEAU Super 116E Class offshore jack-up drilling ... Read More
Reliance Industries to sell 20% stake in O2C unit to Saudi Aramco for $15bn
Saudi Aramco and Reliance Industries (RIL) have signed a non-binding letter of intent (LOI) for a proposed investment by the former for a 20% stake ... Read More
Saudi Aramco, Total to invest $1bn in retail fuel network in Saudi Arabia
Saudi Aramco and Total have signed a joint venture (JV) agreement to develop a retail fuel network in Saudi Arabia with an investment of about ... Read More
Saudi Aramco to build $10bn petrochemical project in China
Saudi Aramco, the Saudi Arabian national petroleum and natural gas company, will form a joint venture with Chinese entities NORINCO Group and Panjin Sincen, called ... Read More