Italy’s Eni and the Abu Dhabi National Oil Company (ADNOC) have signed a concession agreement to award Eni a 25 percent stake in ADNOC’s mega offshore gas project. Eni said in a statement that the Ghasha Concession, which has a term of 40 years, consists of the Hail, Ghasha, Dalma […]
As a fall-out of the 1MDB corruption scandal, the Malaysian government has ordered Goldman Sachs to refund all the professional fees it earned in the deal. Goldman Sachs acted as the financial adviser in the 1MDB fundraising deals under the former Prime Minister Najib Razak. The US investment bank helped […]
One of the world’s largest oilfield serving companies, Halliburton Company, has appointed Lance Loeffler Chief Financial Officer. The company said in a statement that Mr. Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. […]
To further cut down its debt levels, LafargeHolcim has signed an agreement with Semen Indonesia for the disposal of its entire shareholding of 80.6 percent in Holcim Indonesia. The company said in a statement that the Indonesian unit was sold for an enterprise value of USD 1.75 billion, on a […]
Italy’s Eni and Mubadala Investment Company have signed an agreement today for the sale of a 20% participating interest, out of Eni’s share, in the Nour North Sinai Offshore concession, in Egypt. The asset was sold to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company. In the concession, […]
Total and Abu Dhabi National Oil Company have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play that spreads over 6 000 km2 to the west of the prolific ADNOC Onshore concession, in Abu Dhabi. The concession allows for two exploration and […]
SAP and Qualtrics International Inc. have reached a definitive agreement under which SAP SE intends to acquire Qualtrics, the global pioneer of the experience management (XM) software category that enables organizations to thrive in today’s experience economy. Under the terms of the agreement, The business software company will acquire all […]
Diageo said it has agreed to sell nineteen brands to Sazerac for an aggregate consideration of USD550 million. The British multinational alcoholic beverages company confirmed in a statement that the net proceeds of approximately £340 million, after tax and transaction costs, will be returned to shareholders through a share repurchase […]
Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to LNG Canada for a consideration of $576 million. The company said in a statement that LNG Canada, a joint venture comprising Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS entered into an Option […]
Japan’s largest investment bank, Nomura Holdings, Inc., today announced that it has signed a memorandum of understanding with the Industrial and Commercial Bank of China Limited (ICBC) to explore a business alliance. Under the MOU, Nomura will consider collaborating with ICBC to provide financial services to further expand its businesses […]