US Protects 35% Stake in Venezuelan Oil Venture
The US has structured a 35% stake in a Venezuelan oil venture through warrants designed to protect its ownership from dilution as the project raises capital.
Acquisition | Egypt Oil & Gas
Shell Completes $16.5 Bn Acquisition of ARC Resources
Shell has completed its acquisition of ARC Resources, adding 370,000 boe/d of production and strengthening its long-term growth and cash flow outlook.
Shell to Acquire Full Ownership of Tri Star Energy in US Retail Expansion
Shell has agreed to acquire full ownership of Tri Star Energy, expanding its company-owned fuel and convenience retail network across Tennessee and neighboring US states as part of its strategy to focus capital on ...
DNO to Enter Egypt with $396 Mn Acquisition of Capricorn Energy
DNO ASA, a Norway-based oil and gas exploration and production operator, has reached an agreement on the terms of a recommended all-cash acquisition to acquire Capricorn Energy plc, a UK-listed independent upstrea ...
Trump Says Venezuelan Oil Deal Will Help Replenish US Strategic Reserve
Trump said oil from a new Venezuela deal will be used to replenish the depleted US Strategic Petroleum Reserve, as Washington moves to gain greater control over Venezuela’s vast crude reserves.
US Plans 35% Stake in Venezuelan Businessman’s Oil Venture
The US plans to acquire a 35% passive stake in Venezuelan businessman Alejandro Betancourt’s North American Blue Energy Partners.
Shell’s US Chemical Assets Attract Interest From ExxonMobil, LyondellBasell
Shell is considering selling its US chemicals business, valued at up to $8 billion, with ExxonMobil, LyondellBasell, Apollo Global Management, and Kuwait Petroleum’s chemicals arm reportedly interested.
Equinor Enters Namibia With 17.4% Stake in Orange Basin Block
Norway’s Equinor has signed an agreement with Harmattan Energy Limited, a Chevron subsidiary in Namibia, to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 (PEL 90) in the Orange Basin o ...
ARC Shareholders Approve Shell Acquisition
Canadian ARC Resources announced that its shareholders approved the company’s acquisition by Shell, according to a press release by ARC. Shell announced earlier this year it would buy the Canadian natural gas prod ...
Qalaa Signals Potential 55% Control of TAQA Arabia by 2029
Qalaa Holdings, a leading MENA‑focused investment company, announced that its ownership stake in TAQA Arabia could rise from 6.2% currenlty to more than 55% by 2029 if it exercises its rights to purchase additiona ...
