Company Insights Saudi Aramco Oil & Gas Saudi Aramco News Analysis Renewable Energy Saudi summons energy to unearth geothermal potential A Saudi Arabian university has completed drilling a research well as the kingdom steps up efforts to harness its geothermal potential – which industry experts estimate could free up to 1 million barrels of oil a day for export. The 400m deep observation well was drilled by a team from King Abdullah University of Science […] June 13, 2024 Giga-projects Adventure giga-project The Rig ‘definitely happening’ One of Saudi Arabia’s most headline-grabbing giga-projects is moving ahead with plans for two floating entertainment centres on offshore platforms off the kingdom’s east coast. Many thought the exotic adventure tourism project known as The Rig would be canned as the Public Investment Fund (PIF) reviews its $1.25 trillion portfolio of giga-projects. Insiders remain confident […] June 12, 2024 Business of Sport Saudi wealth fund in talks to create new boxing league Saudi Arabia’s sovereign wealth fund is in talks with boxing promotion companies to create a new boxing league, as the kingdom expands its investments into the sporting sector, according to a media report. The Public Investment Fund is negotiating with promoters such as the UK’s Matchroom Boxing and Golden Boy Promotions from the US to […] June 12, 2024 Finance Aramco raises $11.2bn from secondary share offering Saudi Aramco closed its secondary share offering on Tuesday, securing SAR42.1 billion ($11.2 billion) for the government exchequer. The proceeds from the offering will rise to SAR46.31 billion if the over-allotment option is exercised in full. The offering was the largest secondary offering in Europe, Middle East and Africa since 2000 and the largest equity […] June 12, 2024 Analysis Finance Agriculture startups failing to cultivate VC interest Agriculture technology founders in the Gulf are having to resort to alternative sources of funding, as interest from venture capital entities dries up. The region is following a global trend. Startups in so-called “agtech” cumulatively raised $1.2 billion across 161 deals in the first quarter of this year, down almost 26 percent and 20 percent […] June 10, 2024 Finance Aramco retail investors to get a minimum of 10 shares The retail tranche of Saudi Aramco’s secondary share offering has been fully subscribed. The retail offering received a total of 1.33 million subscribers at the final offer price of SAR27.25 ($7.27). A minimum of 10 shares will be allocated to each subscriber, with the remaining shares to be allocated on a pro-rata basis with an average […] June 9, 2024 Opinion Energy Booming Baku gears up for critical Cop29 Azerbaijan faces all the challenges the UAE overcame at Cop28 – and some more June 7, 2024 Oil & Gas Aramco awards Sinopec $1.4bn gas pipeline contract Saudi Aramco has awarded a SAR5.2 billion ($1.38 billion) contract to Chinese state energy major Sinopec to expand its domestic natural gas pipeline. Sinopec International Petroleum Services Corporation, a wholly-owned subsidiary of Sinopec Oilfield Service Corporation, won the engineering, procurement and construction (EPC) contract for the third phase of Aramco’s master gas system, one of the […] June 7, 2024 Tech Saudi Arabia campaign aims to attract chipmakers Saudi Arabia has launched a National Semiconductor Hub in a bid to attract international chipmakers. The kingdom is targeting at least 50 semiconductor design companies to set up business by 2030, aiming to cut its reliance on imported computer chips. The global semiconductor industry, once plagued by shortages, is now showing signs of recovery and […] June 6, 2024 Oil & Gas Saudi Aramco targets two US natural gas producers Saudi Aramco, the world’s biggest oil exporter, has initiated talks with two liquefied natural gas (LNG) producers in the United States to bolster its overseas expansion strategy. The oil major is negotiating with Tellurian and NextDecade, Reuters reported, quoting informed sources. Aramco is considering buying a stake in Tellurian’s Driftwood LNG plant in Louisiana, which […] June 5, 2024 Posts navigation Previous 1 … 24 25 26 … 55 Next
Analysis Renewable Energy Saudi summons energy to unearth geothermal potential A Saudi Arabian university has completed drilling a research well as the kingdom steps up efforts to harness its geothermal potential – which industry experts estimate could free up to 1 million barrels of oil a day for export. The 400m deep observation well was drilled by a team from King Abdullah University of Science […] June 13, 2024
Giga-projects Adventure giga-project The Rig ‘definitely happening’ One of Saudi Arabia’s most headline-grabbing giga-projects is moving ahead with plans for two floating entertainment centres on offshore platforms off the kingdom’s east coast. Many thought the exotic adventure tourism project known as The Rig would be canned as the Public Investment Fund (PIF) reviews its $1.25 trillion portfolio of giga-projects. Insiders remain confident […] June 12, 2024
Business of Sport Saudi wealth fund in talks to create new boxing league Saudi Arabia’s sovereign wealth fund is in talks with boxing promotion companies to create a new boxing league, as the kingdom expands its investments into the sporting sector, according to a media report. The Public Investment Fund is negotiating with promoters such as the UK’s Matchroom Boxing and Golden Boy Promotions from the US to […] June 12, 2024
Finance Aramco raises $11.2bn from secondary share offering Saudi Aramco closed its secondary share offering on Tuesday, securing SAR42.1 billion ($11.2 billion) for the government exchequer. The proceeds from the offering will rise to SAR46.31 billion if the over-allotment option is exercised in full. The offering was the largest secondary offering in Europe, Middle East and Africa since 2000 and the largest equity […] June 12, 2024
Analysis Finance Agriculture startups failing to cultivate VC interest Agriculture technology founders in the Gulf are having to resort to alternative sources of funding, as interest from venture capital entities dries up. The region is following a global trend. Startups in so-called “agtech” cumulatively raised $1.2 billion across 161 deals in the first quarter of this year, down almost 26 percent and 20 percent […] June 10, 2024
Finance Aramco retail investors to get a minimum of 10 shares The retail tranche of Saudi Aramco’s secondary share offering has been fully subscribed. The retail offering received a total of 1.33 million subscribers at the final offer price of SAR27.25 ($7.27). A minimum of 10 shares will be allocated to each subscriber, with the remaining shares to be allocated on a pro-rata basis with an average […] June 9, 2024
Opinion Energy Booming Baku gears up for critical Cop29 Azerbaijan faces all the challenges the UAE overcame at Cop28 – and some more June 7, 2024
Oil & Gas Aramco awards Sinopec $1.4bn gas pipeline contract Saudi Aramco has awarded a SAR5.2 billion ($1.38 billion) contract to Chinese state energy major Sinopec to expand its domestic natural gas pipeline. Sinopec International Petroleum Services Corporation, a wholly-owned subsidiary of Sinopec Oilfield Service Corporation, won the engineering, procurement and construction (EPC) contract for the third phase of Aramco’s master gas system, one of the […] June 7, 2024
Tech Saudi Arabia campaign aims to attract chipmakers Saudi Arabia has launched a National Semiconductor Hub in a bid to attract international chipmakers. The kingdom is targeting at least 50 semiconductor design companies to set up business by 2030, aiming to cut its reliance on imported computer chips. The global semiconductor industry, once plagued by shortages, is now showing signs of recovery and […] June 6, 2024
Oil & Gas Saudi Aramco targets two US natural gas producers Saudi Aramco, the world’s biggest oil exporter, has initiated talks with two liquefied natural gas (LNG) producers in the United States to bolster its overseas expansion strategy. The oil major is negotiating with Tellurian and NextDecade, Reuters reported, quoting informed sources. Aramco is considering buying a stake in Tellurian’s Driftwood LNG plant in Louisiana, which […] June 5, 2024
