#Saudi Aramco Is Said to Consider Shale Investment With Equinor - Bloomberg

Saudi Aramco Is Said to Consider Shale Investment With Equinor - Bloomberg:

Saudi Aramco is weighing a potential investment in Norwegian oil company Equinor ASA’s U.S. shale operations in what could be the energy giant’s first ever overseas venture for gas exploration, according to people familiar with the matter. 


The state-run company, known officially as Saudi Arabian Oil Co., is considering investing in Equinor’s Marcellus shale operations through a joint venture or by buying a stake, the people said, asking not to be identified because the talks are private. Aramco may also invest with other oil companies to gain access to U.S. shale gas, the people said.

No final decisions have been made and the deliberations between Aramco and Equinor are at an early stage, they said. Representatives for Aramco and Equinor declined to comment.