Saudi Aramco
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'Partner with India in exploration': Prime Minister Modi to top global oil and gas CEOs
Fp Staff •In his annual interaction, the prime minister said the aim is to make India 'aatmanirbhar' in the oil and gas sector
Saudi Aramco's profit surges to $25.46 bn in Q2, half-year earning climbs to $47 bn
•The majority State-owned oil company confirmed in its earnings report that its performance in the second quarter of 2021 'was primarily driven by higher crude oil prices'
Oil prices surge after attack on storage site in Saudi Arabia; Brent crude crosses $70
•The Saudi Press Agency quoted an anonymous official in the Ministry of Energy as saying that a drone struck an oil storage site in Ras Tunura. The strike did not cause any damage, it claimed.
Blast strikes Singapore-flagged tanker off Saudi port city of Jeddah; no one injured
•Singapore-based shipping company Hafnia said the blast struck the tanker BW Rhine just after midnight. Hafnia reported 'hull damage' and did not exclude the possibility of an oil spill.
RIL AGM 2020: Google to pick up 7.7% stake in Jio; Saudi Aramco deal on hold due to pandemic, says Mukesh Ambani
Fp Staff •With Google coming on board, Reliance has completed its target of capital raising for Jio Platforms, Ambani said.
Shareholders to pay 25% for subscribing to Reliance Industries Rs 53,125 cr right issue now, balance next year
•Oil-to-telecom conglomerate's Reliance Industries rights issue will open for subscription of shareholders on 20 May and will close on 3 June. One share will be offered for every 15 shares held at Rs 1,257.
Reliance Industries' Rs 53,125-cr rights issue to open for subscription on 20 May, close 3 June
•Reliance had earlier fixed 14 May as the record date for determining shareholders' eligible to apply for the issue.
Saudi Aramco first-quarter profit falls 25%, below analyst estimates; hurt by lower crude oil prices as coronavirus slashed demand
•Saudi Arabian state oil giant Aramco (2222.SE) on Tuesday reported a 25 percent fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand
Silver Lake to invest in Reliance Jio: RIL is systematically bringing down debt getting strategic partners, says Edelweiss
Fp Staff •Reliance Industries today said that private equity firm Silver Lake will invest Rs 5,655.75 crore in Reliance Jio Platforms, giving the technology subsidiary an equity value of Rs 4.9 lakh crore.
Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco
•Reliance Industries Ltd (RIL), India's largest company, on Thursday said its board has approved hiving off its $75 billion worth oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco