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April 24, 2014

A subsidiary of family-controlled Kuok Group is set to launch Singapore's largest initial public offering of the year when its shares start trading this week.

A subsidiary of family-controlled Kuok Group is set to launch Singapore's largest initial public offering of the year when its shares start trading this week.

Pacc Offshore Services Holdings (Posh) is listing 337.6 million shares and is expected to raise about SGD$375 million (€216 million).

Posh is an offshore support vessel business for the oil and gas sector that also provides floating accommodation for oil workers.

March 13, 2014

Majid and Badr Jafar are busy guiding Crescent Group through expansion in Iraq, embracing global diversification, and tackling family governance. They are also sounding the alarm over the bulge in Arab youth unemployment, and the $700 billion family business governance time bomb. CampdenFB reports 

Badr Jafar has had a long day. Dressed in immaculate business attire, his tie is askew and, although it is mid-afternoon, he’s still got a packed schedule for the rest of his day. In the evening, he flies to New York for a meeting at the United Nations about the Pearl Initiative, the private-sector partnership he set up to enrich Gulf corporate accountability and transparency.

March 15, 2010

Bridas Energy Holdings, the oil and gas company owned by the Bulgheroni family, on Sunday confirmed that China National Offshore Oil Corporation Limited (CNOOC) will take a 50% stake in a its subsidiary company Bridas Corporation.

Bridas Energy Holdings, the oil and gas company owned by the Bulgheroni family, on Sunday confirmed that China National Offshore Oil Corporation Limited (CNOOC) will take a 50% stake in a its subsidiary company Bridas Corporation.
 
The deal sees CNOOC and BEH form a 50-50 joint venture that will control Bridas Corporation on completion. Although Bridas did not put a value on the deal, CNOOC said it will pay approximately $3.1 billion for its share of the Argentinean company.
 

May 1, 2008

Members of the Rockefeller family have hit out at oil giant ExxonMobile, expressing concern over the direction of the company.

Members of the Rockefeller family have hit out at oil giant ExxonMobile, expressing concern over the direction of the company. The Rockefellers, who are long-term continuous Exxon shareholders, have previously been content to sit on the sidelines.

However the family - descended from John D Rockefeller, the founder of Standard Oil - has now broken its silence. Family members are demanding Exxon increase its use of alternative fuels by investing more in cleaner technology and cutting greenhouse emissions at its plants.

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