Home Topics Saudi Aramco

Saudi Aramco

Oil pares gains as investors wait to see if coronavirus stimulus works

Oil prices rose on Thursday but pared early gains as investors tried to assess how effective massive stimulus by central banks will be in shoring up the global economy as the shock from the coronavirus pandemic deepens.
(FILES) A file photo taken on November 20, 2017 shows logos of US multinational technology company Google displayed on computers' screens. Google is dropping out of the bidding for a huge Pentagon cloud computing contract that could be worth up to $10 billion, saying the deal would be inconsistent with its principles. The decision by Google, confirmed to AFP in an email October 9, 2018, leaves a handful of other tech giants including Amazon in the running for the Joint Enterprise Defense Infrastructure (JEDI) contract aimed at modernizing the military's computing systems. / AFP PHOTO / LOIC VENANCE

Google is now a $1 trillion company

Google has recorded a milestone achievement of $1 trillion, joining the likes of Apple, Microsoft, and Amazon.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi Arabia, Kuwait begin joint oil production

Saudi Aramco said on Wednesday a new agreement between Saudi Arabia and Kuwait has paved the way for the resumption of oil production in a zone shared between the two countries.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Endless borrowing will lead to endless sorrowing

John Quincy Adams once said “there are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” He may have very well been referring to Nigeria of the last three years.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi Aramco shares jump 10% on stock market debut

Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi capital market authority gives green light for Aramco’s record IPO

Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.

Saudi Aramco IPO’s retail tranche attracts $12.6 billion

Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.

Crude oil prices see some profit taking as US, European data approach

Crude oil prices slipped back a little in Asia on Monday, possibly with investors taking some cash off the table ahead of important US and European data.

Saudi capital market gives green light for Aramco’s record initial public offering

Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Aramco announces plans for giant stock market debut

Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy.

Saudi Aramco rolls out IPO next week

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
Iranian President Hassan Rouhani has said his country will present a regional cooperation plan to create security in the Gulf when he attends the United Nations General Assembly this week.

US eager to use Saudi Aramco attack for billion-dollar deals – Iranian leader

The U.S. seeks to use the recent drone attack on Saudi Aramco oil facilities to its utmost advantage by striking billion-dollar deals and attaining a permanent presence in the Middle East, Iranian President Hassan Rouhani said on Monday.
(FILES) In this file photo taken on February 25, 2006 Saudi security guard the entrance of the oil processing plant of the Saudi state oil giant Aramco in Abqaiq in the oil-rich Eastern Province. Drones struck two Saudi Aramco oil facilities early on September 14, 2019, state media said, citing the interior ministry. “The industrial security teams of Aramco started dealing with fires at two of its facilities in Abqaiq and Khurais as a result of… drones,” the official Saudi Press Agency reported.STRINGER / AFP

Saudi asks Iraq for 20 million barrels of crude after attack on Aramco facilities

Riyadh on Thursday asked Iraq’s national oil marketing company for 20 million barrels of crude to supply the country’s stocks after an attack on Saudi Aramco facilities.

Saudi drone attack: Oil prices fall after initial rise

Oil fell more than one per cent yesterday as the market was challenged creating uneasiness following attacks on Saudi Arabian crude facilities that cut the kingdom’s production in half and sent prices soaring by the most in decades.
(FILES) In this file photo taken on July 23, 2019 US President Donald Trump addresses the Turning Point USA’s Teen Student Action Summit 2019 in Washington, DC,. – President Donald Trump suggested dropping nuclear bombs on hurricanes before they made landfall in the United States, Axios reported on August 25, 2019. (Photo by NICHOLAS KAMM / AFP)

Donald Trump says no rush for war with Iran

U.S. President Donald Trump said on Monday that although it looked like Iran was behind attacks on oil plants in Saudi Arabia, he did not want to rush into war.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Federal government considers 30-year economic plan

The Federal Government has announced that it was fine-tuning arrangements to embark on a 30-year economic long-term development plan.
The new minister of State for Budget and National Planning, Clement Agba, has charged staff of the ministry to work harder and smart to realize the Next Level agenda of the federal government.

2020 Budget: Federal government maintains benchmark in spite increase in oil price

Minister of State for Budget and National Planning, Mr Clem Agba, has said that the Federal government would maintain its benchmark of 60 dollars per barrel in spite of the sudden increase in the price of crude oil.

Recent Stories

Recall that President Muhammadu Buhari in a nationwide broadcast on Sunday ordered a total lockdown in Abuja, Lagos and Ogun State as a proactive measure to contain the spread of the deadly novel coronavirus in Nigeria.

Coronavirus: Abuja lockdown frustrating – residents

Recall that President Muhammadu Buhari in a nationwide broadcast on Sunday ordered a total lockdown in Abuja, Lagos and Ogun State as a proactive measure to contain the spread of the deadly novel coronavirus in Nigeria.
Uber is ramping up its response to the COVID-19 pandemic, pledging 10 million free rides and food deliveries for health care workers, senior citizens, and others affected by the outbreak.

Uber pledges 10 million free rides and deliveries for workers affected by coronavirus

Uber is ramping up its response to the COVID-19 pandemic, pledging 10 million free rides and food deliveries for health care workers, senior citizens, and others affected by the outbreak.
The Nigeria Centre for Disease Control says it has extended its molecular laboratories with the capacity to detect Coronavirus Disease to six. Dr. Chikwe Ihekweazu, Director General of the NCDC, disclosed this to newsmen on Saturday in Abuja, while giving an update on COVID-19 in the country.

Coronavirus: Nigeria able to test between 500 and 1000 a day – NCDC

Nigeria will be able to test up to 1000 suspected cases of coronavirus by the end of this week, the NCDC has said.
Dr Chikwe Ihekweazu, Director General of NCDC, disclosed this on Monday on Channels Television, Programme “Sunrise Daily”, while, speaking on COVID-19 pandemic in Nigeria.

Nigeria confirms four new coronavirus cases, toll rises to 139

Nigeria Centre for Disease Control (NCDC), on Tuesday, has announced four more new cases of coronavirus (COVID-19), making the number of confirmed cases in Nigeria rise to 139.

Somali governor killed in bomb blast

Abdisalan Hassan Hersi, governor of the Nugaal region in northeastern Somalia has been killed in a suicide bomb blast claimed by the al-Shabab armed group, police said on Monday.