Lazard and Moelis to advise Saudi Aramco on planned IPO
The two banks aim to ensure Saudi Aramco reaches the expected valuation of $100 billion from a 5 percent stake sale in the company...
Category : Oil & Gas
Mexico’s Pemex’s goals for 2024 too optimistic: Fitch
The company is not keen on joint ventures, although it might prove to be a solution to its problem...
Kenya in favour of Qatar Petroleum’s deal on oil blocks
Petroleum Principal Secretary Andrew Kamau said the approvals will be given for the oil blocks’ acquisition...
Kuwait determined to implement oil accord to support crude prices
The country’s efforts stem from the need to reduce excess output which might result in falling prices...
Saudi Aramco buys 20% in Reliance’s OTC business for $15 bn
The deal is India's largest foreign direct investment till date...
Korea, China banks extend loans for Chile gas terminal deal
The banks have offered $120 million to the IPM led consortium to acquire 37 percent of a Chile gas terminal...
Saudi Aramco valuation gap might complicate its IPO
While Saudi Crown Prince Mohammed Bin Salman is insisting on a US$2 tn valuation, bankers value the company at $1.5 tn...
Brazil liberalisation to unlock natural gas value chain
The decision is aimed at stimulating demand from the power sector and at lowering the domestic price of the fuel...
Kuwait’s PIC, South Korean firm to set up $1.2 bn JV
PIC will hold a 49% stake worth $476.2 mn in the new company whereas South Korea’s SKC will hold 51%...
Iraq, Kuwait sign agreement for joint technical oil field study
The contract will study options to develop and exploit the oil fields on the border between Iraq and Kuwait...