Acquisition | Egypt Oil & Gas

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 ...

ADNOC-Led Consortium Gets More Time on $18.7bn Santos Bid

Australia's second-largest independent gas producer Santos has agreed to extend the exclusivity period for a $18.7 billion takeover bid from a consortium led by Abu Dhabi National Oil Company (ADNOC), according to ...

Baker Hughes Completes $540Mn Acquisition of Continental Disc Corporation

Baker Hughes, an energy technology company, has completed its $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated.

Aramco Successfully Acquires 50% of APQ’s Interests in BHIG

Aramco and Air Products Qudra (APQ) announced that Aramco completed the acquisition of a 50% equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG).

Vitol to Acquire a Portion of Eni’s Assets in Cote d’Ivoire, Congo

Under a new agreement, Vitol will acquire interests in a number of assets owned by Eni in Côte d’Ivoire and Congo for an aggregate consideration of $1.65 billion at 1 January 2024, with standard cash adjustment at ...

DNO Acquires 100% of Sval Energi’ Shares with Costs $450 Million

DNO ASA, the Norwegian oil and gas operator, announced it has reached agreement to acquire 100% of the shares of Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterpris ...

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