Oil & gas
Saudi Aramco eyes expansion into India with 25% in Reliance
17 Apr 2019
Reports citing sources said the Saudi oil giant, which claims spare capacity of 2 million barrels per day, is planning to invest heavily in Indian fuel retail and petrochem market
Saudi Aramco’s initial bond issue gets $100 billion order
09 Apr 2019
While reports say the bond issue is intended to raise cash for Aramco’s $69.1 billion acquisition of Saudi Basic Industries Corporation, the Saudi oil giant with core earnings of $224 billion last year and $86 billion in free cash flow at the end of 2018, does not need to borrow
Saudi Aramco to buy 70% stake in SABIC for $69 billion
29 Mar 2019
The transaction, while helping to enhance Saudi Aramco’s downstream capacity and expanding the market for SABIC, will unlock significant capital for Saudi wealth fund PIF’s continued long-term investment strategy
Vedanta strikes oil in Krishna-Godavari basin
28 Mar 2019
Vedanta says the discoveries in the H2 well comprise multiple reservoir zones and that further appraisal will be required to establish the size and commerciality of the oil discovery
Brookfield to acquire RIL’s East-West pipeline for Rs13,000 crore
15 Mar 2019
RIL, however, will continue to stay invested in the East-West pipeline with preference shares valued at Rs4,000 crore converted into equity at the end of 20 years, and will be entitled to a significant participation in its net earnings
