The stake was acquired by Goldilocks Investment Co, an equity fund which is part of Abu Dhabi Financial Group
Market fundamentals are going in the right direction, says Khalid al-Falih
“We have not seen and do not expect to see any disruption of gas supplies from the Dolphin pipeline,” Sharjah National Oil Corp’s CEO said
Officials based in eastern Libya have issued a flurry of statements targeting people and entities with alleged links to Qatar
The 800MW project is being financed under a sophisticated structure with seven different institutions
The consultancy contract has been awarded to France’s EDF
The Abu Dhabi port authorities had eased the restrictions just a day earlier
There are no indications the pipeline will be shut, according to reports
The bid is nearly 40 per cent lower than the previous international record
The company has been facing a cash shortage because of missed payments from its assets in Egypt and Iraq’s Kurdistan
OPEC members and other nations led by Russia agreed last week to extend a deal to limit global oil output
Amec Foster Wheeler won a contract to provide design and project management for the Marjan oilfield
The contract is for the third phase of K-Station at the Jebel Ali power station
It was the second meeting between the two men over the past year
The loan would refinance a $1bn revolving facility which is due for redemption this year
Petrol prices have been reduced by an average of 2.56 per cent for June
The Barakah nuclear energy plant has delayed the launch of operations from 2017 to 2018
The new venture will seek to build waste-to-energy plants across the Gulf
OPEC and 11 non-members agreed to cut oil output by about 1.8 million barrels per day in the first half of 2017
Construction of the 1,177MW independent solar plant will begin immediately
The contracts are part of plans to retain more oil and gas industry wealth within the country
The loan is the largest ever ECA-backed corporate facility
Kuwait said discussions included the possibility of deepening the cuts or prolonging them by 12 months
Saudi arrivals to China in April were down 3.9 per cent from a year ago
Indian state refiners plan to set up a refining venture with Saudi Aramco
Oil producers are extending the current agreement on global oil supply cuts until March next year
The first deliveries of the joint venture will begin in early 2019
Deals are expected to be signed with US companies such as Schlumberger, Halliburton, Baker Hughes and Weatherford
The profit forecast is despite losses at a number of KPC units