Saudi Aramco, which has an ambitious plan to grow its natural gas business, is considering investing in the Marcellus shale gas assets of Norway’s Equinor in what would be the first-ever foray of Saudi Arabia’s oil giant into the natural gas business outside the Kingdom, Bloomberg reported on Wednesday, quoting people familiar with the plans. Aramco is mulling over investing in Equinor’s Marcellus position either via a joint venture or by acquiring a stake in the operations, according to Bloomberg’s sources, who noted that talks between Aramco and Equinor are still at an initial stage. The Saudi state oil company may also team up with other oil firms to get U.S. shale gas acreage, the sources told Bloomberg. Equinor, for its part, operates assets in the Marcellus, in the Eagle Ford, and in the Bakken in the U.S. The Norweian firm wants to add more acreage to its Appalachian […]