UAE’s ADNOC, Taqa and Mubadala Become Shareholders in Masdar

• Thursday, 8th December 2022
• by Israa Ibrahim

Abu Dhabi's National Oil Company (ADNOC), Taqa and Abu Dhabi sovereign wealth fund Mubadala Investment Company announced on Wednesday they would all become shareholders in Masdar, the Emirate's flagship clean ener ...

ExxonMobil Shares Its Strategy to Grow Shareholder Value

• Thursday, 26th May 2022
• by Israa Ibrahim

By delivering solutions that help meet global energy needs and reduce greenhouse gas emissions, ExxonMobil plans to grow shareholder value. At the annual meeting of shareholders, Darren Woods, chairman and chief e ...

ADNOC Distribution Approves Interim Dividend Distribution

• Monday, 30th September 2019
• by Editorial Team

The Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) revealed that its board of directors approved the distribution of interim dividend.

BP to Pay Investors $175m Over Deepwater Horizon Oil Spill

• Sunday, 5th June 2016
• by Egypt Oil & Gas

BP has agreed to pay $175m to settle claims that it deceived shareholders by underplaying the severity of the 2010 Gulf of Mexico oil spill. Their claim was based on the allegation that BP publicly “lowballed” the am ...

Sasol’s Executives Earnings Debated

• Tuesday, 8th December 2015
• by Egypt Oil & Gas

South African Sasol group’s annual general meeting (AGM) was shaken with a decision issued by the remuneration committee to change the key performance indicators (KPIs) for executives, in a year when company earnings ...

Oman Oil and BPCL Selling Stake in Joint Venture

• Sunday, 1st November 2015
• by Egypt Oil & Gas

Foreign companies are in talks to buy a stake of up to 24 percent in the Bina refinery in India's Madhya Pradesh state which is jointly owned by Bharat Petroleum Corp (BPCL) and the Oman Oil Company

After Effects of Petrobras Scandal Spreads to US and UK

• Tuesday, 31st March 2015
• by Egypt Oil & Gas

Investors in Petroleo Brasileiro SA, the state-run oil company at the center of a kickback scandal in Brazil, expanded their lawsuit against the company by adding claims that auditor PricewaterhouseCoopers LLP turned ...