Wednesday 30 July 2014

KKR, Kuwait Petroleum team up for RWE unit bid

US private equity firm KKR has teamed up with the international arm of Kuwait Petroleum Corp to jointly bid for German utility RWE's oil and gas unit DEA, four banking sources familiar with the matter said. RWE, suffering from


Asar advises Kufpec on $750m loan

Kuwait-based Asar – Al Ruwayeh & Partners, a leading law firm, and one of the region’s acted as law counsel to the lead arrangers and agents in relation to a $750 million syndicated loan to Kuwait Foreign Exploration Company&rsqu


Kufpec signs $750m syndicated loan

The international arm of Kuwait's state oil company said on Wednesday it had signed a $750 million, five-year syndicated loan which it will use to increase liquidity and support its global operations. Kuwait Foreign Petroleum


Total joins Exxon, Kufpec in S Sudan oil search

French oil company Total will partner with US major Exxon Mobil and Kuwait's Kufpec in South Sudan to search for oil in the restive Jonglei state, a senior lawmaker in the African country said. Sudan's 1983-2005 civil war


Kuwait group to buy Japan's AOC upstream unit

  Japan's AOC Holdings said on Thursday its upstream unit, Arabian Oil Company, has agreed to sell the entire stake in its Norwegian operations to Kuwait Foreign Petroleum Exploration Company (Kufpec).  


South Sudan to split Total's oil block

  Newly independent South Sudan has decided to break up a massive oil concession largely held by Total into three blocks, granting one to the French energy company and the others to two foreign firms, government officials said.


Kufpec eyes BP's Vietnam assets

Kuwait Foreign Petroleum Exploration Company (Kufpec) is interested in buying BP's stake in the Nam Con Son gas project off the coast of Vietnam, a newspaper reported. State oil group Petrovietnam and Kufpec, a unit of Kuwait Petroleum

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