Sembcorp is planning to hold a meeting in November to seek shareholders’ approval of the deal, and expects to finish the transaction in six months
energy producer
Latest in energy producer
Coronavirus Pandemic
Video: Why oil prices can turn negative
On April 20th, the effects of the pandemic and a price war between Saudi Arabia and Russia forced oil prices to sink below zero and into the negative territory for the first time in history.
Abu Dhabi
Adnoc Drilling eyeing partnership with US oil firm Baker Hughes
Adnoc Drilling deal with Baker Hughes would allow the US firm to expand in the Middle East
Dana Gas
Dana said to reach deal with main holders of $700m sukuk
Dana Gas agreement potentially ends a debt saga that started a year ago, when the company first announced it would restructure the notes due to delays in gas payments from Egypt and Iraq’s Kurdish region
Dana Gas
Dana Gas swings to net profit in 2017 boosted by Kurdistan settlement
Revenues were also boosted by higher oil prices and higher production in Egypt and Kurdistan
debt management
Gulf energy firms issue record $28.7bn debt in 2017
Bloomberg date shows issuance has eclipsed the previous high set two years earlier
Dana Gas
Dana Gas is said to miss payment on $700 million sukuk today
Sukuk was deemed not to be Shariah-compliant