UAE
News
April 19, 2017
Abu Dhabi National Energy is generating cash from overseas oil and natural gas operations and wants to sell some higher-cost wells in North America after reporting a record $5.2 billion loss last year.
News
April 12, 2017
Mubadala Development Co., the Abu Dhabi sovereign wealth fund merging with International Petroleum Investment Co., raised $1.5 billion through a dual-tranche bond after receiving almost four times that amount in bids, people familiar with the matter said.
News
April 03, 2017
Shares in Abu Dhabi National Energy Co. soared for a second day amid investor speculation the government will step in after the oil company known as Taqa reported a record $5.2-billion loss.
News
March 30, 2017
Mubadala Development Co., the Abu Dhabi sovereign wealth fund merging with International Petroleum Investment Co., said 2016 profit almost tripled following successful investments in “strategic sectors.”
News
March 30, 2017
Abu Dhabi National Energy Co reported its biggest loss on record as the state-controlled power and oil company wrote down the value of oil assets after prices slumped.
News
February 19, 2017
China National Petroleum Corp. bought a stake in Abu Dhabi’s largest oil concession as the Middle Eastern emirate with 6% of global crude reserves looks increasingly to Asia, its biggest market, for investment to raise output capacity.
News
February 06, 2017
Singapore is considering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co., according to people familiar with the matter, as global exchanges compete for a slice of what could be the world’s largest-ever initial public offering.
News
February 03, 2017
Abu Dhabi’s state energy producer, which is seeking more partners to develop its fields, improved some terms in an oil-production partnership to offer greater returns to international companies, such as BP Plc and Total SA, according to people with knowledge of the matter.
News
January 12, 2017
Crude oil at $50/bbl is too low for most producing countries, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
News
January 09, 2017
Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts promised last year to stabilize the market, Kuwait’s governor to the Organization of Petroleum Exporting Countries said.
