Mubadala to List 25% Cepsa Stake
Abu Dhabi’s investment company Mubadala plans to list 25% of Spanish oil company Cepsa, of which it owns 82.5%, in an initial public offering (IPO).
UAE | Egypt Oil & Gas - Part 25
Mubadala, Gazprom Neft, RDIF Create JV for Siberia Oilfield Development
Mubadala Petroleum, Gazprom Neft, and the Russian Direct Investment Fund (RDIF) have agreed to set up a joint venture (JV) to develop oilfields in Siberia.
UAE Oil Output to Rise to 3M b/d
The UAE is raising its crude production to almost 3 million barrels per day (b/d) by increasing output from its offshore Umm Lulu oilfield.
UAE’s Brooge Petroleum Targets 2018 London IPO
Emirati Brooge Petroleum and Gas Investment Co (BPGIC) plans to raise $400 million in capital in an initial public offering (IPO) on the London exchange before the end of 2018.
Kuwait’s Crude Shipments to Japan Down 5.3% in July
Kuwaiti crude oil exports to Japan fell 5.3% in July year-on-year (YOY) to 216,000 barrels per day (b/d), the third consecutive monthly decrease.
UAE Completes $100M Power Station in Yemen
The UAE has built a 120 MW, $100 million power station in the Yemeni port city of Aden.
Ras Al Khaimah to Build Six New Power Stations by 2020
UAE emirate Ras Al Khaimah will build six new power stations in residential areas by 2020 at a cost of $133 million.
ADNOC to Sell Minority Stake in Refining Business
Abu Dhabi National Oil Company (ADNOC) is reportedly looking to sell a minority stake in its refining business, and is in advanced negotiations with multiple potential buyers including Italy’s Eni.
Japanese Jera Buys Abu Dhabi LNG
Japan’s Jera Co. announced it had signed memorandum of understanding (MoU) for a liquified natural gas (LNG) supply from the Abu Dhabi Gas Liquefaction Company Ltd (ADNOC LNG).
Marsol First UAE Company to Win ISO Certification
Oil industry services company Marsol International has become the first UAE company to be awarded the ISO 45001:2018 certification by Bureau Veritas, acknowledging Marsol’s commitment to superior standards and emp ...
