(Sempra, 21.Dec.2021) — Sempra (NYSE: SRE) (BMV: SRE) entered into a definitive agreement to sell a non-controlling 10% interest in Sempra Infrastructure Partners to a subsidiary of the Abu Dhabi Investment Authority (ADIA) for $1.785bn in cash, subject to customary closing adjustments. This transaction implies an enterprise value for Sempra Infrastructure of $26.5bn, including […]
Category: United Arab Emirates
UAE
NRGBriefs: Guyana Courts The UAE Or Vice Versa
(Energy Analytics Institute, 21.Oct.2021) — Energy briefs including details of Guyana’s President Irfaan Ali courting investors in the UAE; the repercussions in Caracas from the extradition of Alex Saab to Miami from Capo Verde, and Shell Trinidad and Tobago eyeing finally signing a PSC for development of the 2.7 Tcf […]
Guyana Capturing Global Attention At Dubai Expo 2020
(DPI, 4.Oct.2021) — The Guyana Pavilion at the greatest international mega event – Expo 2020 Dubai – has seen scores of people from across the globe already showing their interest in the vast array of opportunities Guyana holds for investment. Making this disclosure is the Guyana Office for Investment (GO-Invest). […]
OPEC Fund Marks 45 Years Of Driving Development
(The OPEC Fund, 28.Jan.2021) — The OPEC Fund for International Development (the OPEC Fund) marks its 45th anniversary today. Since inception, the multilateral development finance institution has approved more than $25bn in essential financing for 135 partner countries. Established in 1976 with a distinct mandate to drive development, strengthen communities […]
UAE Emerges As Hub For Cos. Helping Venezuela
(Reuters, 29.Dec.2020) — In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab Emirates took over management of […]
UAE Eases Oil Supply Cuts To Asia After OPEC+ Deal
(Bloomberg, 7.Dec.2020) — The United Arab Emirates will provide Asian oil buyers with a little more crude next month after OPEC+ reached a compromise deal on cuts. While OPEC’s third-largest producer will still reduce supply to Asia in January, the curbs won’t be as deep as this month in percentage […]