Energy, Oil & Gas

GAS Arabian gets go-ahead for transfer of 50pc stake in FS Elliott JV

GAS Arabian Services has won approval from the company board of directors for the transfer of its entire 50% stake in FS Elliott Services Saudi Arabia to its joint venture FS Elliott Saudi Arabia. Following the deal, GAS will continue to hold an indirect 50% interest in FS Elliott Services Saudi Arabia through its JV....

Energy, Oil & Gas

Mitsui near buying key stake in $17.5bn Qatar LNG project, says report

Japanese trading house Mitsui & Co is close to buying a strategic stake in the second phase of QatarEnergy's massive $17.5 billion North Field project as it seeks to secure stable liquefied natural gas (LNG) supply, said report, citing sources. ...

Energy, Oil & Gas

Carlyle 'in talks' with UAE partners on Russian Lukoil's $20bn overseas assets

US private equity firm Carlyle has begun talks with UAE investors to ‌bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan. ...

Energy, Oil & Gas

Kuwait mulls $7bn pipeline stake sale, says report

Kuwait Petroleum Corporation (KPC) is set to ​launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, said a report. The shift comes as oil prices, down more than 25% in two years, sit below levels needed to fund the Gulf’s diversification plans. ...