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Oil & Gas Companies News in Saudi Arabia

Saudi Aramco in Race for IPO Record with USD 1.7 trillion Top Value
11/17/2019 - Saudi Aramco is worth up to $1.7 trillion (Ł1.3 trillion) at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to becom...
Saudi Aramco Announces Intention to Float on Tadawul
11/3/2019 - Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia, has announced its intention to proceed with an initial public offering ...
Aramco Signs 1 SPA & 9 MOUs with Russian Companies at the Saudi - Russian CEO Forum
Aramco Signs 1 SPA & 9 MOUs with Russian Companies at the Saudi - Russian CEO Forum 10/14/2019 - Saudi Aramco President & CEO Amin H. Nasser today attended the Saudi - Russian CEO Forum hosted in Riyadh as part of the state visit of the Russian President Vladimir Putin. At the Forum, Nasser noted...
Aramco Aims to Select IPO Underwriters Soon
9/4/2019 - Saudi Aramco aims to select underwriters for its initial public offering as soon as this week, as the state energy giant accelerates preparations for the world’s biggest share sale, people with knowle...
Clariant to Focus on Its Core High Value Specialty Businesses
7/25/2019 - Clariant and SABIC have agreed to temporarily suspend the discussions on the intended business combination High Performance Materials (HPM), consisting of Clariant’s Additives and high value Masterbat...
Tenaris Rebrands Saudi Steel Pipe
6/25/2019 - Tenaris, a leading supplier of tubes and related services for the world’s energy industry and other industrial applications, has announced that it will rebrand Saudi Steel Pipes (SSP), a welded pipe p...
Petrofac Loses out on $10 Billion in Contracts as SFO Probe Drags On
6/25/2019 - Oilfield services provider Petrofac lost out on $10 billion (8 billion pounds) worth of contracts globally due to a probe by Britain’s Serious Fraud Office into dealings in Saudi Arabia and Iraq, its ...
Sipchem Changes Its Company Name
5/21/2019 - The Saudi International Petrochemical Company, a listed joint stock company registered under commercial registration number 1010156910 dated 14/09/1420H, located at Mashareq Tower, Cairo Square, Alma’...
Saudi Aramco Creates Fuel Retail Subsidiary to Expand Downstream
12/26/2018 - Saudi Aramco said it was establishing a domestic fuel retailing subsidiary as part of the national oil company’s drive to expand into downstream businesses. ...
Sparrows Group Granted Commercial Registration To Operate In Saudi Arabia
8/9/2018 - Global specialist equipment and integrated engineering services company, Sparrows Group, has made a significant development in Saudi Arabia after being granted commercial registration to operate in th...
Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO
1/5/2018 - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year. ...
SABIC Wins the Best Polymer Producers Award 2017 for Polypropylene
6/8/2017 - SABIC has been named a winner of the prestigious Best Polymer Producer Award in the category of Polypropylene at an award ceremony held in conjunction with the European Plastics Converters (EuPC) Annu...
McDermott Opens New Office in Kingdom of Saudi Arabia
McDermott Opens New Office in Kingdom of Saudi Arabia 11/1/2016 - McDermott International, Inc. has opened a new office in Al Khobar, Saudi Arabia, with the ability to add 300 staff to its existing workforce in the Kingdom. The new office expands McDermott’s enginee...
Dow is First Company to Receive Trading License in Saudi Arabia
Dow is First Company to Receive Trading License in Saudi Arabia 6/16/2016 - The Dow Chemical Company recently became the first company to receive a trading license from the Government of Saudi Arabia, allowing 100 percent ownership in the country’s trading sector, expanding D...
Aramco-Lanxess Joint Venture to to be Launched in April 2016
2/10/2016 - Specialty chemicals company LANXESS and Saudi Aramco have announced ARLANXEO, the name of their new joint venture for synthetic rubber. The new name and logo combines elements from the names and logos...
Posh Signs JV in Ksa for Middle East Expansion
1/12/2016 - Asia’s leading offshore marine services provider, PACCOffshore Services Holdings Ltd. (“POSH” of “the Group”) today announced it has enteredinto a joint venture (“JV”) and incorporated “POSH S...
Elfab Approved to Do Business in Saudi Arabia
Elfab Approved to Do Business in Saudi Arabia 12/8/2015 - Elfab are delighted to announce AOC (Aramco Overseas Company) and Saudi Aramco approval for the supply of its rupture disc range. AOC represents the European hub of Saudi Aramco; the state-owned oil c...
Unique Group Expands into Saudi Arabia
11/23/2015 - Unique Group, the leading integrated subsea and offshore solution provider, is making its first move into the Kingdom of Saudi Arabia with the opening of two new facilities in Riyadh and Dammam. With ...
Oil & gas CEOs Declare Action on Climate Change
10/16/2015 - The chief executive officers of 10 of the world’s largest oil and gas companies - which together provide almost a fifth of all oil and gas production and supply nearly 10% of the world’s energy - toda...
Fluor Recognized for its Role on Sadara Project
6/3/2015 - Fluor received a Hydrocarbon Processing award at the sixth annual International Refining and Petrochemicals Conference (IRPC) in Abu Dhabi, United Arab Emirates, for its role in the Sadara Chemical pr...

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