Kuwait's KPC to sell loss-making assets to cut costs

Kuwait's KPC to sell loss-making assets to cut costs

CEO of state-run oil company tells KUNA that costs have been cut at some affiliates by as much as 20%

IEA warns that global oil glut is worsening

IEA warns that global oil glut is worsening

Paris-based International Energy Agency says chances of OPEC deal are very low

Kuwait's Equate said to be in talks to refinance $6bn bridge loan

Kuwait's Equate said to be in talks to refinance $6bn bridge loan

Equate originally raised a $6 billion bridge loan in December to buy MEGlobal from Dow and PIC for $3.2 billion, and to refinance some of Equate's existing debt

Dubai's DEWA to tender third phase of solar park in 6 weeks

Dubai's DEWA to tender third phase of solar park in 6 weeks

Dubai’s strategic plan envisions 7% of power generation from renewables by 2020 and 15 percent by 2030

Saudi's Sipchem pays $100m to raise stakes in two units

Saudi's Sipchem pays $100m to raise stakes in two units

Sipchem will increase its stake in International Acetyl Company and International Vinyl Acetate Company to 87%

Saudi power projects will need $133bn investment over 10 years - minister

Saudi power projects will need $133bn investment over 10 years - minister

Minister Abdullah al-Hussayen said the country expects peak electricity to hit 90,000 megawatts in 2022

As Big Oil shrinks, boards plot different paths out of crisis

As Big Oil shrinks, boards plot different paths out of crisis

Oil and gas companies seek to safeguard growth for when market recovers

Saudi, Venezuela hold 'productive' talks on stabilising oil market

Saudi, Venezuela hold 'productive' talks on stabilising oil market

Iran is reluctant to restrain crude supply as it wants to recover the market share it lost during sanctions that were imposed in 2012 because of its nuclear programme

Spanish energy firm to offload UAE solar stake in fire sale

Spanish energy firm to offload UAE solar stake in fire sale

Indebted Abengoa will sell its 20% holding in Shams-1 power plant as it bids to avoid bankruptcy

Saudi Aramco may buy India's $5.5bn Essar Oil

Saudi Aramco may buy India's $5.5bn Essar Oil

Saudi oil giant is reportedly in frame for deal for company owned by billionaire Indian brothers


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