Acquisition | Egypt Oil & Gas

Harbour Energy Acquire LLOG for $3.2Bn

Harbour Energy has agreed to acquire US-based LLOG Exploration Company LLC in a $3.2 billion deal that will establish a major deepwater presence for the company in the US Gulf of America, according to a press rele ...

Saudi Midad Energy Eyes $22bn Lukoil Overseas Portfolio

Saudi Arabia’s Midad Energy has become a key contender to acquire the international assets of Russian oil major Lukoil. The assets, estimated to be worth around $22 billion, include oilfields, refineries, and thou ...

Shell Nears $3 Bn Deal to Acquire LLOG Exploration Offshore

Shell, one of the giant global energy companies, is reportedly nearing an agreement to acquire LLOG Exploration Offshore in a transaction valued at over $3 billion.

If completed, the deal would significantl ...

Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant

Iraqi oil ministry officials said that ExxonMobil has reached out to express interest in acquiring Lukoil’s majority share in the massive West Qurna 2 oilfield, Reuters reported.

ADNOC–Covestro Deal Gets Final Green Light in Germany

The Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion ...

EU Approves ADNOC’s €14.7 Bn Covestro Takeover

The European Commission (EU) has granted conditional approval for Abu Dhabi National Oil Company (ADNOC)’s landmark €14.7 billion acquisition of German plastics and chemicals manufacturer Covestro, Reuters reporte ...

UEG Completes Acquisition of Apex International Energy

United Energy Group Limited (UEG) announced the successful completion of its acquisition of Apex International Energy Holdings I, following the satisfaction of all conditions precedent under the Sale and Purchase ...

QatarEnergy Acquires 27% Interest in Egypt’s North Cleopatra Offshore Block

QatarEnergy has signed a deal with British shell to acquire a 27% participating interest in the North Cleopatra block offshore Egypt. Herein, Shell will retain a 36% participating interest as operator. Other compa ...

TotalEnergies Acquires 49% Stake in US Natural Gas Company

TotalEnergies, a global integrated energy company, has entered an agreement with Continental Resources, a major American Petroleum and gas company, to acquire a 49% stake in natural gas assets operated by Continen ...

SLB to Acquire RESMAN, Boosting Reservoir Surveillance and Recovery Solutions

SLB, a major technology company, has signed a definitive agreement which is the final, legally binding contract between parties in for acquisition or major transaction, to take over RESMAN Energy Technology.  RESM ...

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