Reliance Industries withdraws NCLT application for spin off of O2C unit
Reliance Industries Ltd (RIL) announced that it will withdraw its application to obtain the requisite approvals from the National Company Law Tribunal (NCLT) regarding the spinning off ... Read More
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