Acquisition | Egypt Oil & Gas - Part 7

ADES Group Considers European Offers

The offers include proposals from British companies and banks to acquire shares in the company,

Lake Oil Bid in Kenya’s Hashi Energy

Tanzanian billionaire oil dealer, Ally Edha Awadh, bid, through his Lake Oil Group, for the retail petroleum business in Kenya's Hashi Energy.

SDX Finalized Circle Oil Deal

SDX Energy Company finalized the deal to buy UK's Circle Oil's assets in Egypt and Morroco

RockHopper Buys Egypt’s Beach Petroleum for $11.9m

UK’s RockHopper Exploration bought Beach Petroleum (Egypt) Pty Limited for $11.9m. The acquisition was funded by the company's existing cash resources with Beach Petroleum retaining the majority of of the Egyptian Ge ...

Calgary’s Penn West Sells its Assets Worth $975m

Teine Energy Ltd. Has agreed to purchase all of the oil-producing assets of its fellow Calgary-based firm Penn West Petroleum Ltd for $975m

Nebras Power Seeks to Enter Omani Market with Acquisition

Qatar-based Nebras Power is seeking to expand its investments in Oman and has announced plans to acquire Qatar Electricity and Water Company’s (QEWC) stake in Phoenix Power Company that owns and runs one of the large ...

BG Acquisition Still Good Sense, Despite Low Oil Price, says Shell

Royal Dutch Shell said on Tuesday that its planned acquisition of BG Group still makes financial sense, despite low oil prices, which analysts say are likely to continue for some time.

Rockhopper Exploration Buys Beach Petroleum Egypt

Beach Energy announced the sale of its subsidiary in Egypt "Beach petroleum" to Rockhopper Exploration, reported Oil voice.

Halliburton Faces More Questioning Over Acquisition of Baker Hughes

Oil services giant Halliburton is facing more questioning from the US Justice Department over the potential acquisition of rival Baker Hughes, reported the Houston Chronicle.

Crude Price Drop Boon to EnergyTEK Asset Acquisition

EnergyTEK Corp is developing a distressed energy asset acquisition programme to take advantage of low asset prices following the slide in oil price.

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