• Independent audit confirms rise in Saudi crude oil reserves

  An independent audit commissioned by Saudi Arabia has confirmed a slight rise in the kingdom’s...
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• Saudi Aramco to invest $500bn for global expansion

  Saudi Aramco is reportedly planning to invest $500bn over the next ten years as part...
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• Aramco bid for stake in Sabic places further questions over IPO

  The potential acquisition of a stake in petrochemicals company Saudi Basic Industries Corporation (Sabic) by...
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• Deals this week: Basra Oil Company, Baker Hughes, Saudi Aramco

  Basra Oil Company (BOC) has awarded a $370m engineering, procurement and construction (EPC) contract to...
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• Saudi Aramco, Air Products and ACWA to form $8bn JV

  Saudi Aramco, Air Products and ACWA Power are set to form an $8bn Gasification/Power joint...
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• Saipem wins new onshore E&C contracts worth $800m

  Italian oil and gas service provider Saipem has secured multiple onshore engineering and construction (E&C)...
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• M&As this week: Idemitsu Kosan, The CLH Group, ArcLight Energy Partners Fund VI LP

  Idemitsu Kosan has agreed to merge with Showa Shell Sekiyu, following the signing of a...
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• Apicorp finalises sale of 29% stake in National Petroleum Services

  The Arab Petroleum Investments Corporation (Apicorp) has completed the sale of its 29% equity investment...
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• Saudi Aramco and NOV to set up rig and equipment manufacturing hub

  Saudi Aramco and US firm National Oilwell Varco (NOV) have entered a deal to form...
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• Halliburton to provide unconventional gas services for Saudi Aramco

  Saudi Aramco has awarded a contract to US-based Halliburton to assist in the search for...
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