Saudi Aramco benefits from switch to more natural gas and quest for LNG as gas contract awarded and shares rise
Saudi Arabian Oil Company (Saudi Aramco), the largest oil exporter, is benefiting from the decision to switch to more natural gas as Aramco shares rose after the June share offering and gas plans were advanced by the award of an engineering contract to a unit of Chinese major Sinopec.
Saudi Aramco posts $11.8Bln profits and reports record natural gas output and more gas discoveries
The Saudi Arabian Oil Company, Saudi Aramco, posted third-quarter net income of $11.8 billion as it planned future LNG and natural gas as well as new energy projects and reported record one-day output at one of its gas fields and more gas discoveries.
Saudi Aramco shares stay buoyant amid plunges in stocks of oil and future LNG partners
Saudi Aramco, the company with LNG plans and behind the global energy turmoil because of the Saudi government pledge to increase crude oil production, still has its shares trading at a high level of 30.90 riyals ($8.24) on the Saudi Tadawul stock exchange.
Saudi Aramco and US utility Sempra firm up accord for Saudi investment in Texas LNG
Sempra Energy, the California-based utility and liquefied natural export plant developer, said it signed an accord for Saudi Aramco, the oil company of Saudi Arabia, to take a stake in the proposed Port Arthur LNG project in Texas.
Saudi Aramco shares surge to top limit in stock exchange debut amid LNG trading ambitions
Shares in Saudi Aramco, the oil company of Saudi Arabia, surged in their debut on the Saudi Tadawul stock exchange, reaching a 10 percent daily limit for the company that has expressed interests in LNG trading and investment.
