Tag archive for ‘Saudi Arabia’
EIG-led group closes $12.4bn stake acquisition in Aramco Oil Pipelines
By businessnewstoday On Sunday, June 20th, 2021
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EIG-led group closes $12.4bn stake acquisition in Aramco Oil Pipelines

EIG said that a consortium of investors led by it has closed its previously announced $12.4 billion acquisition of a 49% stake in Aramco Oil Pipelines Company from Saudi Aramco. The deal was announced in April 2021. Aramco More...

Larsen & Toubro (L&T) to begin construction on Jeddah solar power plant
By businessnewstoday On Tuesday, April 13th, 2021
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Larsen & Toubro (L&T) to begin construction on Jeddah solar power plant

Larsen & Toubro (L&T) said that it has been given the go-ahead to start construction on the 300MW Jeddah solar power plant in Saudi Arabia. The Indian company’s power transmission and distribution business More...

Saudi Aramco to sell 49% stake in new oil pipelines subsidiary for $12.4bn to a consortium led by EIG Global Energy Partners
By businessnewstoday On Saturday, April 10th, 2021
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Saudi Aramco to sell 49% stake in new oil pipelines subsidiary for $12.4bn to EIG-led consortium

Saudi Aramco has signed a deal worth around $12.4 billion with a consortium led by energy infrastructure investor EIG Global Energy Partners to sell a 49% stake in Aramco Oil Pipelines Company, which will hold its More...

Saudi Aramco, Baker Hughes launch non-metallics joint venture
By businessnewstoday On Tuesday, December 8th, 2020
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Saudi Aramco, Baker Hughes launch non-metallics joint venture in Saudi Arabia

Saudi Aramco and Baker Hughes have launched a 50:50 joint venture (JV) called Novel Non-Metallic Solutions Manufacturing (Novel) for developing and commercializing a variety of non-metallic products for multiple More...

Crédit Agricole CIB sells remaining stake in Banque Saudi Fransi for €332m
By Soujanya Ravi On Thursday, October 1st, 2020
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Crédit Agricole CIB sells remaining stake in Banque Saudi Fransi for €332m

Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) has completed the sale of its remaining 4% stake in Banque Saudi Fransi (BSF) for SAR1.45 billion (€332m) to a couple of Saudi Arabian government-related More...

McDermott wins technology contract from APC for Jubail PDH plant
By oilandgasnews365 On Friday, May 22nd, 2020
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McDermott wins technology contract from APC for Jubail PDH plant

McDermott International has won a propane dehydrogenation (PDH) technology contract from Advanced Global Investment Company, a fully-owned subsidiary of Advanced Petrochemical (APC) for a new petrochemical complex More...

OPEC meeting April 2020 : Countries agree to cut crude oil production
By oilandgasnews365 On Friday, April 10th, 2020
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OPEC meeting April 2020 : Countries to cut crude oil production amid COVID-19 crisis

OPEC meeting April 2020 : OPEC and other oil producing nations have reached a consensus on cutting production of crude oil by 10 million barrels per day (mb/d) for the next couple of months owing to the low demand More...

Signing of the $69bn deal between Saudi Aramco, SABIC, and Public Investment Fund of Saudi Arabia.
By Soujanya Ravi On Monday, March 2nd, 2020
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EC approves Saudi Aramco’s $69bn stake acquisition in SABIC

Saudi Aramco has obtained unconditional approval from the European Commission (EC) for its previously announced acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment More...

Italian contractor Saipem bags $500m worth offshore contracts
By oilandgasnews365 On Saturday, February 8th, 2020
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Italian contractor Saipem bags $500m worth offshore contracts

Italian oilfield services company Saipem said that it has bagged various engineering, procurement, construction, and installation (EPCI) contracts worth over $500 million in various parts of the world. The first More...

ARO Drilling awards jack-up drilling rigs contract to International Maritime Industries
By oilandgasnews365 On Sunday, January 19th, 2020
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ARO Drilling awards jack-up drilling rigs contract to IMI

ARO Drilling has awarded a couple of contracts to International Maritime Industries (IMI) for the construction of two LETOURNEAU Super 116E Class offshore jack-up drilling units. The offshore drilling contractor, More...