Business News [UP]

Saudi Arabia would likely carry out an IPO for Saudi Aramco in 2021 after it builds up some downstream assets particularly petrochemical production....Read More

The rise of major emerging LNG buyers led by China has created the need for infrastructure and shipping capacity to avoid price volatility, the IEA said....Read More

Dr. Jill Biden has christened the the USS Delaware, the final Virginia-class Block III sub, which started construction in September 2013 and is 93 percent complete....Read More

Crude oil prices were up Monday on concerns about potential supply disruptions, but turned lower after Saudi Arabia confirmed it has increased supplies on the market....Read More

The Canadian government on Friday named Lockheed Martin the preferred bidder for its future surface combatant vessel, taking it one step closer to closing the $60 billion deal....Read More

U.S. manufacturers have the lost capability to switch fuels, which has made them more vulnerable to potential shortages, a report by the EIA said....Read More

Navistar Defense was awarded a $19 million modification to an existing contract with the U.S. Army for tech support for Mine Resistant Ambush Protected vehicles....Read More

There have been more deepwater drilling permits approved this year for the Gulf of Mexico, where production platforms are getting bigger, the BSEE reports....Read More

Rockwell Collins Inc. was awarded a $7 million contract by the U.S. Navy to repair aircraft navigation and communication items KC-130J, H-1, E-2C, P-3, common systems and other aircraft....Read More

South Africa’s Sasol cut its production guidance at its coal-to-liquids Secunda Synfuels plant and reported a 75 percent advance in its Louisiana, U.S., complex...Read More