Eni has sold a 10% stake in Egypt’s Shorouk offshore concession to Mubadala Petroleum for more than $1 billion, Egypt Oil & Gas reports. The Emirati company agreed to pay Eni $934 million for the stake in ad...
Abu Dhabi indefinitely postponed the construction of the first onshore LNG import facility in the busy oil port of Fujairah in favor of a floating supply terminal. Bloomberg reported that the state-controlled Emirates...
