Tuesday, February 4, 2025
Aramco IPO banks face pared payday of $90 million or less: sources- oil and gas 360

Aramco IPO banks face pared payday of $90 million or less: sources

Reuters DUBAI/LONDON – After battling it out for a role in a giant IPO that promised to make history, and enduring delay after delay, investment banks advising Saudi Aramco are set to be rewarded with relatively slim pickings. The 25 banks working on the listing will earn combined fees of $90 million or less, according to three sources involved in

Baker Hughes enters three-way deal to boost AI in the oil field- oil and gas 360

Baker Hughes enters three-way deal to boost AI in the oil field

Houston Chronicle Houston oilfield service company Baker Hughes has entered into a three-way agreement and partnership to boost the adoption of artificial intelligence technology in the oil and natural gas industry. Baker Hughes, tech giant Microsoft and Silicon Valley artificial intelligence company C3.ai have signed an agreement to work together to develop and deploy the cost-cutting technology for industry customers across