Oil and gas development to boost Kenya’s economic diversity
The ICAEW report highlights how East Africa’s growth is mainly driven by strong performances in Kenya and Ethiopia
Petrobras primary focus on oil and gas: Vision statement
The vision statement reveals Petrobras’ aim to be the best energy company in terms of generating value for shareholders
Saudi Arabia joins US-led maritime coalition to protect oil shipping
Currently, the US, the UK, Bahrain and Australia are the only member countries of the task force
Adnoc and Malaysia’s Petronas to explore new opportunities
UAE and Malaysia to explore opportunities not just in oil and gas, but also renewable energy, infrastructure, and tourism
South Africa enacts new oil and gas law, fixes 10% government ownership
The new law will also give South Africa’s government the right to 10% production at no cost
Mexico’s Pemex launches tender offer to prepay $5 bn in bonds
Pemex is now the world’s most heavily indebted oil company with $104 bn in debt
Mexico to introduce world’s largest oil hedge programme
Delay in this year’s hedge was because of increased volatility and changing prices in Mexico’s flagship Maya crude
New Aramco chairman takes charge, assures transparency
Yassir Al Rumayyan’s appointment is a clear indication that Saudi Arabia is fast-tracking a local listing of Aramco
Aramco replaces chairman with sovereign wealth fund chief
Saudi Arabia plans to separate the Ministry of Energy from Aramco as the state-owned company prepares for IPO
Saudi Aramco favours Tokyo for international listing of its IPO
London and Hong Kong, considered previously for the listing, have been eliminated owing to political uncertainties
Indonesia’s Pertamina to expand overseas in 2020
The oil and gas firm’s total budget to include funds required for expansion in Algeria and Iraq