Abu Dhabi National Energy Company (Taqa) has reported a net loss of Dh19 billion ($5.2 billion) for the financial year 2016 as it wrote down the value of oil assets after prices slumped.
Announcing the results, Taqa said it booked
Carlyle Group has committed to invest up to $500 million in Magna Energy, an India-focused upstream oil and gas company, the global private equity firm said in a statement on Monday.
Led by Mike Watts and Jann Brown who have a com
Arab Petroleum Investments Corporation (Apicorp), a Saudi-based multilateral bank owned by the Arab states, has reached a deal with Arabian Pipes Company (APC) to acquired its 5.62 per cent equity stake in Saudi-based Industrialization and Energ
Citadel Capital said its opportunity-specific fund has signed an amended share purchase deal with Calgary-based Sea Dragon Energy for sale of its 100 per cent stake in the upstream energy firm, National Petroleum Company Egypt.
Leading private equity company Citadel Capital has reached an agreement to sell its 100 per cent stake in National Petroleum Company Egypt (NPC Egypt) to Sea Dragon Energy, a Calgary-based exploration and development firm for $147.5 million.
Kingdom Holding Company, the investment firm chaired by Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has announced a $50 million investment into First Hydrocarbon Nigeria (FHN), a leading upstream oil and gas company in Nigeria.
Thailand's largest energy firm PTT has not cancelled any long-term contracts to buy liquefied natural gas (LNG) from top exporter Qatar, said a senior PTT executive.
'For the long term, we are still talking but I don't want to
Thailand's largest energy firm PTT has cancelled a deal to buy one million tonnes a year of liquefied natural gas (LNG) from the world's top exporter Qatar after a recent price surge, and has signed alternative contracts with two supp