Middle-east Arab News Opinion | Asharq Al-awsat

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Amin al-Nasser, president of state oil giant Saudi Aramco. OZAN KOSE, AFP, GETTY IMAGES

Aramco’s Shares to Be Set for IPO in 2018

by Wael Mahdi | Nov 3, 2016 | Business

Riyadh- Aramco’s Chief Executive Officer Eng. Amin al-Nasser couldn’t avoid talking about his company’s IPO during the Energy Dialogue Conference, which concluded on Wednesday at King Abdullah Petroleum Studies and Research Center (KAPSARC in Riyadh. Nasser delivered...

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Employees work on drilling rigs at an oil well operated by Venezuela’s state oil company PDVSA in Morichal July 28, 2011. REUTERS/Carlos Garcia Rawlins

U.S. Justices Drill Down on Venezuela Oil Rig Dispute

by Asharq Al-Awsat English | Nov 2, 2016 | World

Some U.S. Supreme Court justices on Wednesday seemed extra concerned about the foreign policy implications of making it easy for foreign governments to be sued in U.S. courts as they considered a lawsuit by an Oklahoma-based oil drilling company that claims Venezuela...

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Nigerian President Muhammadu Buhari speaks at a joint news conference with his French counterpart Francois Hollande at the presidential villa in Abuja, Nigeria, May 14, 2016 REUTERS/Afolabi Sotunde

Niger Delta Leaders Urge Pulling Army out, Oil Firms to Relocate

by Asharq Al-Awsat English | Nov 1, 2016 | World

Leaders from the Nigeria’s Niger Delta urged President Muhammadu Buhari to pull army forces out from the oil hub. Leaders also called on Tuesday that Mr. Buhari orders oil firms to move headquarters there and spend more on development to end militancy in the...

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GE has approached the oil-field services company Baker Hughes about a deal. Wall Street Journal

GE.N, BHI.N Establish Second-Largest Oil Field Services Provider

by Asharq Al-Awsat | Nov 1, 2016 | Business

London- General Electric Co (GE.N) said on Monday it would merge its oil and gas business with Baker Hughes Inc (BHI.N), creating the world’s second-largest oil field services provider as competition heats up to supply more-efficient products and services to the...

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The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger

Saudi, Iraq, Kuwait Hold 30% of World’s Oil Reserves

by Asharq Al-Awsat | Oct 31, 2016 | Business

Cairo- Saudi Arabia, Iraq, and Kuwait have 30% of the world’s oil reserves with around 511.2 billion barrels in their possession, said the Organization of Arab Petroleum Exporting Countries (OAPEC). OAPEC said on Sunday in its monthly bulletin that the...