In a filing with the Hong Kong stock exchange cited by Reuters, United Energy described the move as a bid to enter the Middle East and North Africa markets that would render the company a medium-sized international independent.
The company also said it is setting the stage for further expansion, eyeing international merger and acquisition opportunities.
Upstream player Kuwait Energy has projects in Egypt, Iraq, Oman and Yemen. These include E&P contracts in Block 9 and the Siba and Mansuriya gasfields in Iraq, as well as a service contract at Oman’s Karim Small Fields development.
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
This website uses cookies.