Industry

Houlihan Lokey expands oil and gas coverage into the Middle East

Houlihan AdobeStock 433619399Houlihan Lokey, the global investment bank, has announced the expansion of its global Oil & Gas team into the Middle East with the appointment of Rouzbeh Fazlinejad as a managing director, based in Dubai. This appointment also marks the launch of the firm’s first industry group in the Middle East

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Upstream M&A deals returning to pre-Covid levels

merger and acquisitionGlobal upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of US$181bn, a 70% increase over 2020, according to Rystad Energy research

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Pharos Energy signs third amendment to Egyptian concession deal

21 Jan ORA ORMEPharos Energy has signed the third amendment to the El Fayum concession agreement with the government of Egypt

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Aramco signs multiple agreements during the Saudi-Korean investment forum

ARAMCO dealsThe Saudi Arabian Oil Company announced the signing of one agreement and nine Memoranda of Understanding (MoUs) with leading Korean entities, in an aim to advance its downstream strategy and support development of low-carbon energy solutions, while creating new financing options for the company

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‘ExxonMobil’s scope 3 emissions to rise’

Oil and gas demandFollowing ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by 2050, Will Scargill, managing energy analyst at GlobalData, has highlighted his view on the company’s strategy

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