Saudi Arabia’s decision to pressure wealthy families in the kingdom to back the listing of its state oil giant is the latest sign Crown Prince Mohammed bin Salman has one underlying message: show me the money.
The 24th edition of the World Energy Congress shined the lights on critical issues facing the energy sector, and key requirements to unlock potential and abundant opportunities.
Saudi Aramco's CEO, Amin Nasser, said on Sept. 10 a domestic IPO of the state oil giant would be the primary listing but that it was also ready for an international offering.
Bermuda-based Borr Drilling launched an IPO in the U.S. of 5 million of its common shares on July 29 to be listed on the New York Stock Exchange.
Vista Oil & Gas has raised $107 million in a primary public share offering to help finance development of shale oil projects in Argentina, the firm said on July 26.
Switchback Energy, headed by former RSP Permian CFO Scott McNeill, intends to focus its search for an acquisition target on the energy industry in North America.
Brigham Minerals remains acquisition-hungry following its nearly $300 million IPO with deal-making across five states.
Switchback Energy Acquisition Corp., a new blank check company organized by former RSP Permian executives and Natural Gas Partners, filed a confidential S-1 on May 28.
Diamondback Energy had initially planned for its Rattler Midstream subsidiary to make its public debut last year but was stopped by tough market conditions thanks to commodity volatility.
Splashy mergers worth billions dominated the talk, but many companies spent 2018 playing it safe as E&P executives fretted over trade, interest rates, demand for oil, how to please investors and how long better times would last.