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SAUDI ARAMCO RESTRUCTURING
Saudi Aramco plans reorganisation to create gas division, sources sayAramco is planning to reorganise its business by creating a dedicated gas division, with a view to potentially listing parts of the unit in...
India may approve $370 million Chinese-linked auto investment, first in nearly a decadeIndia is poised to approve a significant $370 million investment from Horse Powertrain Ltd., a hybrid-engine venture backed by China's Geel...
Renault, Nissan aim to announce deal on reshaped alliance on Feb 6: SourcesLeaders of the two companies were meeting via video link for an alliance board meeting on Thursday following months of intense negotiations...
Saudi Arabia gives 4% of Aramco to investment fundThe announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 ...
RIL says O2C biz restructuring to attract pool of investor capitalRIL is courting Saudi Aramco to buy a minority stake in the oil-to-chemical business, talks for which are still going on.
RIL announces O2C biz demerger ahead of Aramco dealRIL said that the reorganisation will enable focused pursuit of opportunities across O2C value chain, improve efficiencies through self-sus...
Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO: SourcesThe company is also sounding out foreign banks for advisory roles and HSBC and JPMorgan are among those in the final phase of pitching for ...
Climate action investor group adds world's largest oil producer Saudi Aramco to focus listClimate Action 100+, the 450 members of which manage more than $47 trillion in assets, seeks to engage with the companies responsible for m...
Saudi Aramco-Reliance deal talks regain momentum, send RIL stock risingSources told ET NOW that the deal is expected to be at similar valuations and could be adjusted for debt.
Oil slumps below $30/bbl as coronavirus spreads, Opec rancor remains elevatedU.S. West Texas Intermediate (WTI) crude fell $2.08, or 6.6%, to $29.65 a barrel.
Stock pick of the week: Restructuring of Reliance Industries is good newsThe current restructuring exercise at Reliance Industries, including sale of stake to well-known buyers and halving of debts, have made the...
Saudi Arabia calls off Aramco listing: SourcesThe focus has reportedly shifted to proposed acquisition of "strategic stake" in Saudi Basic Industries Corp.
need2know: Mauritius bogey, power debt recast and other macro triggers for your day on D-StreetA lowdown on top macro triggers that may move market on Monday
Saudi Aramco announces to spend $300 billion ahead of its $1 trillion IPOThe state-run company boosted its production to an annual record last year.
Saudi Prince Mohammed bin Salman's rise to power caps two years of seismic changeA grandson of the founder of modern Saudi Arabia, his ascendancy stunned Saudi watchers more used to seeing one geriatric king follow anoth...
Saudi Aramco picks Moelis to advise on biggest IPOThe New York-based boutique investment bank had been shortlisted along with Evercore Partners Inc as a potential adviser for the deal.
There's a 70% chance Opec may agree on oil output cut: NomuraNomura argues that the costs of low oil prices no longer outweigh the benefits of forcing competitors, particularly those based in the US, ...
Saudi Arabia unlikely to agree to output freeze at OPEC meeting: Azlin Ahmed, Argus Media"Saudi Arabia is very unlikely to agree to any output freeze at this meeting or in the foreseeable future and definitely output cut seem to...
Saudi Arabia prince unveils sweeping reform plan for economy"I think by 2020, if oil stops we can survive," Prince Mohammed said. "We need it, we need it, but I think in 2020 we can live without oil."
Essar Projects inks deal with Saudi firm Mohammed Al-Mojil Group for construction servicesThis will include Saudi Aramco's 400,000 barrels per day Jazan refinery, which is expected to be the mainstay of a new economic city.