Acquisition | Egypt Oil & Gas - Part 2

Equinor Signs Agreement for the Acquisition of Suncor Energy UK  

Equinor has acquired Suncor Energy UK Limited for a total of $850 million, after the signing of a landmark agreement. 

Shell Fully Withdraws from Its Interest in Salym Petroleum Development in Russia

Shell Salym Development B.V, a subsidiary of Shell, has completely withdrawn on its 50% stake in the Salym project, which it jointly developed with Gazprom Neft, a subsidiary of Gazprom.

Shell Fully Acquires Europe’s Largest Renewable Natural Gas Producer

Shell Petroleum NV, a fully-owned subsidiary of Shell plc (Shell), has acquired all the shares of Natural Energy Biogas A/S (Nature Energy).

Apex Acquires Interests in 6 Concessions in Egypt’s Western Desert

Apex International Energy (Apex) announced that it had acquired interests in four concessions in the Western Desert oil producing region of Egypt from IEOC Production B.V. (IEOC), a unit of Eni S.p.A.

ADNOC’s Acquisition of 50% Total’s Fuel Stations in Egypt Almost Complete

ADNOC Distribution's acquisition of 50% of Total fuel stations in Egypt is nearing its conclusion with the approval of the Board of Directors of B Investments Holding, Asharq Business News reported.

ADNOC Logistics & Services Successfully Closes ZMI Acquisition

 ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), announced the successful closing of its acquisition of Zakher Marine International (ZMI). ...

VAALCO Energy, TransGlobe Energy Approve Strategic Business Combination

TransGlobe Energy Corporation announced that it has approved the plan of arrangement in which VAALCO Energy Canada ULC (AcquireCO) will acquire all the issued and outstanding TransGlobe common shares.

Baker Hughes Acquires Quest Integrity

Baker Hughes announced an agreement for its acquisition of Quest Integrity, a subsidiary of Team, Inc and a global leader in the development and delivery of technology-enabled asset inspection and reliability mana ...

SEIC Acquires Stakes in Four Egyptian Companies Worth $1.3B

The Saudi Egyptian Investment Company (SEIC) which is owned by Saudi Arabia's state-owned Public Investment Fund (PIF), declared its acquisition of minority stakes in four Egyptian companies worth $1.3 billion, am ...

Petroleum Sector Acquires Toyota’s EDC Shares

The Egyptian Drilling Company (EDC) disclosed, during its general assembly meeting, that that the petroleum sector has acquired 50% of the company which was owned by Japanese Toyota company.

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