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Aramco declares $1.71 trillion valuation in blockbuster IPO

Anuj Chopra, Agence France-Presse
Posted at Nov 18 08:21 AM

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion.  Read more »

Gasolina may dagdag-presyo, diesel may rollback sa Nobyembre 19

ABS-CBN News
Posted at Nov 16 05:45 PM

Ayon sa taya ng mga taga-industriya, magkakaroon ng rollback ang diesel at kerosene habang may oil price hike naman ang gasolina. Read more »

Iran president: State firm found new oilfield with 53 billion barrels of crude

Reuters
Posted at Nov 10 07:26 PM

The field stretches over 2,400 sq km in the oil-rich Khuzestan province, Iran President Hassan Rouhani said on Sunday. Read more »

Saudi Aramco prospectus flags risks, gives few details on IPO size

Reuters
Posted at Nov 10 08:35 AM

Saudi state oil giant Aramco will sell 0.5 percent of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday.   Read more »

Presyo ng gasolina tataas, diesel bababa simula Nobyembre 12

ABS-CBN News
Posted at Nov 09 05:21 PM

Magkakaroon ng dagdag-bawas sa presyo ng mga produktong petrolyo simula Martes, Nobyembre 12.  Read more »

UAE announces major new oil, gas discoveries

Agence France-Presse
Posted at Nov 05 01:06 AM

The United Arab Emirates, a leading OPEC producer, on Monday announced "significant" oil and gas discoveries and launched a new pricing mechanism for Abu Dhabi flagship Murban crude. Read more »

Oil firms to cut fuel prices anew

ABS-CBN News
Posted at Nov 04 10:04 PM

A reprieve for motorists as local oil firms announced another fuel price cut that's set to take effect Tuesday, November 5. Read more »

Saudi Aramco kick-starts what could be world's biggest IPO, offers scant details

Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia, Reuters
Updated as of Nov 04 08:24 AM

Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil. Read more »

Saudi Arabia approves listing of energy giant Aramco

Agence France-Presse
Posted at Nov 03 04:08 PM

Saudi regulators on Sunday approved state energy giant Aramco's request to make its stock market debut, firing the starting gun on the highly anticipated offering which could be the world's largest. Read more »

Saudi Crown Prince approves announcement of Aramco IPO on Sunday, say sources

Reuters
Posted at Nov 02 07:22 PM

Saudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters. Read more »

Inflation likely at 0.5 to 1.3 percent in October: BSP think tank

ABS-CBN News
Posted at Oct 31 12:45 PM

Lower domestic oil and rice prices likely offset upward pressures from higher electricity, water and LPG rates as well as higher costs of some food items, the think tank said in a statement. Read more »

Manila, Beijing 'push forward' with joint development talks, seek 'progress'

ABS-CBN News
Updated as of Oct 30 11:06 AM

The two countries “confirmed” the establishment of the Oil and Gas Development Inter-Governmental Joint Steering Committee during the first meeting, the Philippine and Chinese governments said in a joint statement. Read more »

Saudi Aramco aims to begin planned IPO on Nov. 3 -source

Hadeel Al Sayegh, Davide Barbuscia and Saeed Azhar, Reuters
Posted at Oct 29 10:16 PM

Aramco is looking to float a 1 to 2 percent stake on the kingdom’s Tadawul market, in what would be one of the largest ever public offerings, worth upwards of $20 billion. Read more »

Carpio may babala sa South China Sea code of conduct

ABS-CBN News
Posted at Oct 29 12:26 AM

Nagbabala si retired Supreme Court Associate Justice Antonio Carpio na posible pa ring gamitin ng China ang binubuong ASEAN Code of Conduct para palabasing legal ang kanilang pag-angkin ng teritoryo sa West Philippine Sea.  Read more »

Palace shrugs off Robredo's criticism of oil exploration with China

Arianne Merez, ABS-CBN News
Posted at Oct 28 04:37 PM

Malacañang shrugged off Monday Vice President Leni Robredo's comment that Beijing must first recognize Manila's "ownership and sovereignty" over the West Philippine Sea before the 2 parties jointly explore oil and gas reserves beneath its waters. Read more »

US boosts force in oil-rich east Syria, crosses regime checkpoints

Agence France-Presse
Posted at Oct 27 10:14 AM

Washington has started to send reinforcements to oil-rich eastern Syria, a US defense official said Saturday, as a military convoy flying American flags crossed into the war-torn country from Iraq.   Read more »

PH-China joint oil exploration talks sa West Philippine Sea, sisimulan na

ABS-CBN News
Updated as of Oct 27 09:14 AM

Sisimulan na sa susunod na linggo ang pag-uusap ng Pilipinas at China para sa joint oil exploration sa West Philippine Sea. Read more »

US to send 'additional military assets' to protect Syrian oil

Agence France-Presse
Posted at Oct 25 07:03 AM

The US Defense Department said Thursday it planned to beef up its presence in the northeast corner of Syria to protect oil fields from being retaken by a potentially resurgent Islamic State group. Read more »

Chinese ship heads away from Vietnam after disputed surveys in South China Sea

Reuters
Posted at Oct 24 01:41 PM

A Chinese oil survey vessel that has been embroiled in a tense standoff with Vietnamese vessels in the South China Sea left Vietnamese-controlled waters on Thursday after more than 3 months, marine data showed.  Read more »

PNOC Exploration Corp boss resigns on Duterte request

Arianne Merez, ABS-CBN News
Updated as of Oct 15 10:41 PM

The president and CEO of the Philippine National Oil Company Exploration Corp, Pedro Aquino, said Tuesday he resigned from his post, on President Rodrigo Duterte's request. Read more »