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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Mubadala sells 4.5 percent Oil Search stake for $275m

By Hilal Mir
June 30, 2021 5:54 pm

    Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded A$363 million ($274.82 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector.

    Mubadala sold a 4.5 percent stake in Oil Search Ltd, the oil and gas producer said in a filing late on Thursday. Mubadala, an investor since 2008, sold 94 million shares on Tuesday, the filing showed, lowering its stake to 4.94 percent, below the 5 percent threshold to be considered a substantial shareholder in Australia.

    Mubadala, which initially bought a 17.6 percent stake in 2008, declined to participate in a A$1.16 billion capital raise conducted by Oil Search in April 2020.

    The state fund’s representative, Bakheet Al Katheeri, also stepped down from Oil Search’s board, the company said in a separate statement earlier on Thursday.

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