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Abu Dhabi energy firm Taqa posts $5.2bn net lossAbu 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 More… |
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Carlyle to invest $500m in India-focused energy firmCarlyle 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 More… |
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Apicorp buys key stake in Saudi energy firmArab 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 More… |
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Citadel revises energy firm stake sale termsCitadel 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. Citadel Cap More… |
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Citadel sells Egypt energy firm stake for $147mLeading 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. More… |
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KHC invests $50m into Nigerian energy firmKingdom 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. F More… |
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Qatar LNG deal still on says PTTThailand'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 More… |
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Thai PTT scraps Qatar LNG deal, plans expansionThailand'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 More… |
