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Aramco Closes Just Below $2 Trillion Goal in Second-Day Gain

Aramco Closes Just Below $2 Trillion Goal in Second-Day Gain

Khalid Abdullah Al Hussan, CEO of Tadawul, the Saudi stock exchange, discusses Saudi Aramco’s IPO. Saudi Aramco shares rose for a second day, but the oil giant failed to hold on to the $2 trillion valuation that Crown Prince Mohammed bin Salman had long targeted. The stock climbed 4.6% to close at 36.80 riyals in […]

Aramco Stock Will Have Plenty of Support When Trading Begins

Aramco Stock Will Have Plenty of Support When Trading Begins

When shares of Saudi Arabia’s national oil company begin trading Wednesday after the world’s largest initial public offering, the stars will be aligned to ensure that the stock price holds up. Aramco sold $25.6 billion of shares at 32 riyals each, the top of the range at which they were marketed, and the company had […]

Energy Chief Perry Tells Trump He Plans to Leave Post This Year

Energy Chief Perry Tells Trump He Plans to Leave Post This Year

Bloomberg: Energy Secretary Rick Perry notified President Donald Trump on Thursday that he’ll leave the post this year. Perry, one of the administration’s original cabinet secretaries, enjoyed good rapport with Trump. The former Texas governor has recently come under scrutiny in the House impeachment inquiry over his discussions with Ukraine. In a letter, Perry told […]

Oil’s Rising Again as Iran’s Warning of War Ratchets Up Tensions

Oil’s Rising Again as Iran’s Warning of War Ratchets Up Tensions

Bloomberg By Saket Sundria September, 20 04:30 GMT+3 Iran says any U.S., Saudi strike would lead to “all-out war”Brent crude up almost 8% this week at close to $65 a barrel In this article CL1: WTI Crude 58.61 USD/bbl. +0.48 +0.83% The threat of war in the Middle East is pushing oil prices higher again, […]

Significant growth planned for Wintershall DEA Production increase of 40% by the early 2020s envisaged

Significant growth planned for Wintershall DEA Production increase of 40% by the early 2020s envisaged

The merger of the longstanding German companies Wintershall and DEA is progressing. So far, the companies have applied for all relevant governmental approvals and aim for closing during the first half of 2019.The merger will make Wintershall DEA the largest independent gas and oil producer in Europe. Wintershall reported this on February 21, 2019. The […]

Scientists Call for $2.4 Trillion Shift From Coal to Renewables

Scientists Call for $2.4 Trillion Shift From Coal to Renewables

The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to slow the quickest pace of climate change since the end of the last ice age, according to scientists convened by the United Nations. The findings released Monday by the […]

Russian Energy Week to address infrastructure development as a factor for economic growth and improving living standards

Russian Energy Week to address infrastructure development as a factor for economic growth and improving living standards

One of the main discussion topics during the Russian Energy Week International Forum will be the development of infrastructure as a way to grow the economy and improve people’s living standards. Russian Deputy Prime Minister Dmitry Kozak, Moscow Mayor Sergei Sobyanin, Russian Railways CEO and Chairman of the Management Board Oleg Belozerov, Sberbank CEO and […]

REW 2018 to Discuss Prospects for Development of EnergyNet Projects

REW 2018 to Discuss Prospects for Development of EnergyNet Projects

As part of Russian Energy Week in Moscow, the panel session ‘EnergyNet: The Reboot’ will cover the results of the implementation of the EnergyNet NTI roadmap, and auxiliary stimulation and government support measures aiming to accelerate the introduction of promising high-tech projects. The discussion will feature First Deputy Minister of Energy of the Russian Federation […]

Prospects for Cooperation on Energy between Russia and African Nations on the Agenda at REW

Prospects for Cooperation on Energy between Russia and African Nations on the Agenda at REW

The Russian Energy Week International Forum is to host a roundtable on cooperation between Russia and African nations. Among the government delegations expected to be represented in the talks on partnership prospects are those of the Republic of the Sudan, Angola, Nigeria, Zambia, and South Africa. Senior executives from Rosatom, Sonangol EP, and Hevel will […]

Oil prices rise as looming Norway strike adds to disruptions

Oil prices rise as looming Norway strike adds to disruptions

As reported by the Reuters, oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. Brent crude LCOc1 added 55 cents, or 0.7 percent, to $78.62 per barrel by 0638 GMT, following […]

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