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Saudi Arabia hires banks for third international bond

Bloomberg / Reuters Saudi Arabia will hold calls with fixed-income investors starting Monday as the world’s biggest oil exporter seeks to sell dollar bonds for the second time this year. The kingdom mandated Goldman Sachs Group Inc., GIB Capital, HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. as joint lead managers and bookrunners to organize ...

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Statoil vies for stake in Abu Dhabi’s offshore oil

Bloomberg Statoil ASA is among producers involved in discussions with the Abu Dhabi National Oil Co. about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch. “All the major oil companies, including Statoil, are positioning themselves for a cooperation with ADNOC in the offshore segment,” Norway’s embassy in Abu Dhabi wrote in a message to the Foreign ...

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Argus seeks to publish Iraq crude prices for cargoes

SINGAPORE / Reuters Oil pricing agency Argus Media said on Monday it is seeking market feedback to publish prices for Iraq’s Basra Light and Basra Heavy crude oil grades for cargoes that do not have restrictions on the destinations to which they can be sold. Argus currently publishes prices for Basra Light and Heavy for cargoes that are restriction to ...

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