Origin Energy takeover by North American funds EIG of US and Canada’s Brookfield faces delays on several fronts
Australian regulators and constantly shifting government energy policies are causing extensive delays that endanger the completion of the A$18.7 billion (US$12.25Bln) takeover of Origin Energy by a North American consortium of investment funds and with a resultant side-deal also giving Saudi Aramco access for the first time to the liquefied natural gas sector.
Saudis make two large natural gas field discoveries after also entering LNG sector and starting shale gas project
Saudi Energy Minister Prince Abdulaziz bin Salman said Saudi Arabian Oil Co., known as Saudi Aramco, has made two large natural gas field discoveries after recently also entering the LNG sector while additionally starting output in a Saudi shale gas basin called South Ghawar.
Saudi Aramco enters LNG sector in $500M deal for minority stake in US equity firm EIG's MidOcean unit
Saudi Arabian Oil Company (Saudi Aramco), the world’s largest oil production group, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million and thus enter the liquefied natural gas sector initially in Australia.
