Acquistion | Egypt Oil & Gas

ADNOC Nears EU Approval for €14.7B Covestro Takeover

Abu Dhabi National Oil Company (ADNOC) is close to securing European Union (EU) approval for its €14.7 billion ($17 billion) (Bn) acquisition of German chemicals producer Covestro. The European Commission, which i ...

Fertiglobe Expands in Asia-Pacific, Acquires Australian Fertilizer Distributor

Fertiglobe, the world’s largest seaborne exporter of urea and ammonia in the Middle East and North Africa (MENA), region, announced the completion of acquiring the distribution assets of Wengfu Australia Pty Ltd. ...

XRG-Led Consortium Proposes $19B Acquisition of Santos Energy

A consortium led by ADNOC’s (Abu Dhabi National Oil Company) subsidiary, XRG, including the International Energy Investment Company, ADQ (Abu Dhabi Development Holding Company), and global investment firm Carlyle, ...

Harbour Energy Acquires Wintershall Dea Concessions in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Harbour Energy CEO Linda Cook to witness the signing of an agreement for the British company Harbour Energy to acquire the concession areas o ...

Egypt’s NSPO Acquires 20% Stake in TAQA ARABIA for EGP 1.6B

The National Service Projects Organization (NSPO) has acquired a 20% stake in TAQA Arabia, an equivalent of 27.5 million shares, at a price of EGP 1.6 billion (or $52.75 million).

TotalEnergies EP Canada Acquires Additional Interest in Fort Hills

TotalEnergies EP Canada Ltd. announces that it has used its preemption right to acquire an additional 6.65% interest in the Fort Hills Energy Limited Partnership from Teck Resources Limited, as well as related sal ...

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