Thursday, May 21, 2020
Tuesday, August 8, 2017
Saudi Aramco Awards First Major Contract for $5 Billion Maritime Yard in Gulf
Saudi Aramco has signed the first major contract for Saudi Arabia’s $5.2 billion maritime and shipbuilding complex planned for the Persian Gulf. The contract was awarded to a consortium of...
Wednesday, May 31, 2017
Saudi Aramco Signs Deals to Build Persian Gulf’s Biggest Shipyard
By Reem Shamseddine KHOBAR, Saudi Arabia, May 31 (Reuters) – Saudi Aramco plans to build the Gulf’s largest shipyard through a joint venture with three companies that it announced on...
Thursday, October 8, 2015
Monday, May 11, 2015
Saudi Aramco Said to Plan Up to $80 Billion in Spending Abroad
Saudi Arabian Oil Co., the world’s largest oil exporter, is planning to spend between $70 billion and $80 billion on overseas acquisitions and investments during the next five years, three people with knowledge of the matter said.
Friday, May 8, 2015
Saudis Splurging in Asia to Win Loyal Oil Customers for Decades
Saudi Arabia is spending generously now on Asian refiners to lock in its position as the region’s biggest supplier of oil for decades to come.
Tuesday, March 17, 2015
Saudi Arabia Needs More Oil to Feed Local Refinery Expansion
Saudi Arabia’s plans to expand local refineries while maintaining its share of the global crude market point to one thing: higher production.
Wednesday, February 18, 2015
World’s Largest Oil Exporter Said to Seek $10 Billion Loan
Saudi Arabian Oil Co., the world’s largest oil exporter, is expanding into refining and petrochemicals and seeking to boost ties with Asia.
Sunday, December 21, 2014
Saudi Arabia Confident in Oil Rebounding on Global Growth
Saudi Arabia, the world’s largest oil exporter, is confident that crude prices will rebound with global economic growth boosting demand.
Friday, November 28, 2014
Oil Steadies After OPEC Triggers Biggest Slump in Three Years
Brent crude steadied after OPEC triggered the biggest one-day plunge in three years yesterday by failing to cut its output in response to a glut. Oil in New York headed for its biggest weekly drop since 2011.
Tuesday, November 4, 2014
Saudis Cut Crude Prices to U.S. in December Amid Shale Boom
Saudi Arabian Oil Co. lowered the cost of its crude to the U.S., where production is the highest in three decades, deepening a selloff that sent prices to the lowest in more two years.
Thursday, July 17, 2014
Saudi Crude Exports in May Fell to Lowest Since 2011
Saudi Arabia, the world’s biggest oil exporter, shipped the least crude in almost three years in May as domestic refineries processed record amounts and power plants also increased consumption, official data showed.
Tuesday, January 14, 2014
First Jubail Diesel Cargo Adds To Pain For Europe’s Refiners
Diesel from the new Jubail refinery in Saudi Arabia will head to Europe for the first time this month, piling pressure on refineries already battered by huge imports and poor margins.
Tuesday, August 20, 2013
Bahri Signs MoU With Aramco, Sembcorp Marine For New Saudi Shipyard
DUBAI, Aug 20 (Reuters) – The National Shipping Company of Saudi Arabia (Bahri) has signed a memorandum of understanding with Saudi Aramco and Singapore’s Sembcorp Marine to conduct a feasibility...
Thursday, July 18, 2013
Keppel FELS Delivers AOD III Jack-Up to Saudi Aramco
Asia Offshore Drilling Limited (AOD) has taken delivery of its third newâ€build jackâ€up rig, Ê¹AOD IIIÊ¹, from Singaporeâ€based rig builder, Keppel FELS. Bangkok-based Mermaid Offshore founded AOD in 2010 and...
Monday, May 27, 2013
Monday, March 18, 2013
Saudi Oil Shipper Bahri Eyes Islamic Bond Issue To Fund Acquisition of Vela
DUBAI, March 17 (Reuters) – National Shipping Co of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for its $1.3 billion acquisition...
Tuesday, January 29, 2013
BW Group Left Holding the Bag as Saudi Aramco Gets Ridiculous VLCC Charter Deal
(Bloomberg) — Saudi Arabian Oil Co., the world’s biggest state-owned crude producer, booked a tanker to haul a cargo to the U.S. Gulf Coast next month at what may be...
Tuesday, November 6, 2012
$1.3 Billion Merger Deal Signed, Vela and Bahri to Combine Tanker Fleets
At the end of June, the National Shipping Company of Saudi Arabia (Bahri) announced plans to merge with Saudi ARAMCO’s shipping arm, Vela International, and as of Sunday 4 November,...
Sunday, October 21, 2012
Saudi Arabian Shipping Giants Consolidate in $1.3 Billion Deal
On Saturday, The National Shipping Company of Saudi Arabia, Bahri, announced that it had closed a merger agreement worth upwards of USD $1.3 billion with Saudi Aramco and Vela International Marine...
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