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Saudi Aramco

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REUTERS/Marwa Rashad

Oil prices have fallen this year as the rapid spread of the coronavirus in China, the world’s largest energy consumer, has dented demand. Read more

Commodities

Crude oil supply disruptions—realized or expected—can have large and immediate effects on crude oil prices. Read more

Commodities

Port Arthur LNG Export Facility

Sempra Energy

The initial phase of the Port Arthur LNG project is fully permitted and it is expected to include two liquefaction trains, up to three LNG storage tanks and associated facilities to enable the export of LNG. Read more

Downstream

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REUTERS/Marwa Rashad

Saudi Aramco shares surged after the initial public offering, valuing the oil producer at a record $1.88 trillion. Read more

M&A/Investment

Saudi Aramco

Reuters

Institutional investors have put in $38.4 billion worth of bids for Saudi Aramco’s planned initial public offering. Read more

M&A/Investment

Saudi Aramco

Reuters

Aramco has struggled to attract a major cornerstone or anchor investor for its IPO. Read more

M&A/Investment

The public sale of shares in the world’s biggest oil exporter will be the first time since the 1970s that private and foreign investors will have been able to own a stake in the Gulf’s upstream oil and gas assets. Read more

M&A/Investment

Saudi Aramco

Reuters

Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday. Read more

M&A/Investment

Saudi Aramco

Reuters

The company adjusted deliveries and shipments to customers by drawing on inventories and offering additional crude production from other fields. Read more

Plant Management & Operations

On Saturday, September 14, 2019, an attack damaged the Saudi Aramco Abqaiq oil processing facility and the Khurais oil field in eastern Saudi Arabia. Read more

Commodities

Aramco will purchase Shell’s 50% interest in the JV for $631 million in a transaction thatis scheduled to close later this year. Read more

M&A/Investment

Saudi Aramco is to set to take a 20% stake in Reliance Industries' refining and petrochemical businesses. Read more

M&A/Investment

McDermott International, Inc. announced it has been awarded a large* contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module Read more

Engineering, Procurement & Construction

Overall offshore project sanctioning in 2019 has surpassed the $50 billion mark, driven by Saudi Aramco’s recently announced $18 billion worth of project commitments associated with the Marjan and Berri expansion projects. Read more

Offshore & Marine

McDermott International has been awarded a contract in excess of $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project. Read more

Upstream

INEOS will also build a 400,000 tonne LinearAlphaOlefin (LAO) plant and associated world-scale PolyAlphaOlefin (PAO). These units will be the most energy efficient in the world when they begin production in 2025. Read more

Downstream

If converted to a sales and purchase agreement (SPA), this will be one of the largest LNG deals ever signed and the largest deal signed since 2013. Read more

Natural Gas/LNG

Saudi Aramco today signed a land lease agreement with McDermott Arabia Company, Ltd., a subsidiary of McDermott International, Inc. Read more

Engineering, Procurement & Construction

Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC. Read more

Refining & Petrochemical Processing

McDermott International, Inc. (NYSE: MDR) announced today a substantial* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia. Read more

Engineering, Procurement & Construction