EIG-led consortium closes $12.4 bln Aramco pipelines deal
U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco’s pipelines business for $12.4 billion. EIG Continue Reading
SAUDI DATA: April crude exports fall to lowest since June 2020: JODI
Saudi Arabia’s exports of crude oil in April were at their lowest since June 2020 as it continued to hold down production well below its OPEC quota, figures from the Continue Reading
Oil Supercycle May Hinge on Drilling Lag, Saudi Prince Says
A new supercycle in global oil prices could be triggered by a lack of new investments in exploration, Saudi Arabia’s energy minister said. Prince Abdulaziz bin Salman, who’s been warning Continue Reading
Saudis Say Cautious Approach to Restoring OPEC+ Output Paid Off
Energy Minister Prince Abdulaziz bin Salman Saudi Arabia’s cautious approach to reviving OPEC+ oil output has been proved correct, said Energy Minister Prince Abdulaziz bin Salman. After a year of Continue Reading
Could Energy Ties Bring Saudi Arabia’s Conflict With Iran To An End?
The relationship between the two great indigenous powers in the Middle East – Saudi Arabia and Iran – has become significantly more nuanced in the past few weeks than the Continue Reading
Saudi Aramco Raises $6 Billion From Fresh Bond Sale
Saudi Aramco raised this week $6 billion via its first Islamic bond denominated in U.S. dollars, orders for which exceeded $60 billion, according to a document from one of the Continue Reading
Plan to increase Aramco’s capacity to 13 million b/d still under assessment
Bond proceeds to be used for dividend payments Aramco Q1 production averaged 8.6 million b/d of crude oil Saudi Aramco has not yet embarked on work to expand its maximum Continue Reading
Saudi Aramco raises $6 billion with debut sukuk
Saudi Arabian oil giant Aramco (2222.SE) locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first Continue Reading
Saudi Arabia And Russia Warn Of Major Oil Supply Crunch
The debate about emissions reduction and the path forward for oil companies moved to a whole new level since the International Energy Agency (IEA) dropped last month the bombshell report Continue Reading
How Aramco Plans To Cover Its Unsustainable Dividend
Saudi Arabia has lined up 15 banks to manage new multi-billion dollar bond offerings for its flagship oil and gas company, Aramco, according to a number of domestic and international Continue Reading