asset sale | Egypt Oil & Gas
Shell Ends Schwedt Refinery Stake Sale Talks with Poland’s Unimot
British oil major Shell has ended negotiations to sell its 37.5% stake in Germany’s PCK Schwedt refinery to Polish energy company Unimot, Reuters reported, citing Bloomberg News. The discussions, which began in 2023, ...
Reuters: Energean Eyes bp’s Egyptian Oil and Gas Assets
Energean, a London-based independent exploration and production company, is in exclusive talks to acquire some of British Petroleum (bp)’s upstream oil and gas assets in Egypt in a deal that could reach $1 billion, Re...
Energean Pulls Plug on Strategic Sale of Egypt, Italy, Croatia Portfolio After Approval Delays
Energean provided an update on the proposed sale of its portfolio in Egypt, Italy and Croatia to an entity controlled by Carlyle International Energy Partners. As noted in the company’s announcements of 29 August 2024...
ExxonMobil to Sell Older Permian Assets to Hilcorp in $1B Deal
Exxon Mobil Corp. has reached an agreement to sell its conventional oil drilling assets in the Permian Basin of Texas and New Mexico to Hilcorp Energy for approximately $1 billion, according to Reuters. “The sal...
Eni Finalizes Sale of Upstream Assets in Alaska to Hilcorp
Eni announced the closing for the sale to Hilcorp of 100% of the Nikaitchuq and Oooguruk assets owned in Alaska for a value of $1 billion. This transaction comes in line with company’s strategy focused on the streamli...
Chevron to Sell $6.5B Assets in Canada to Canadian Natural Resources
Chevron Canada Limited, a subsidiary of Chevron Corporation, has signed a definitive agreement to sell its 20% non-operated interest in the Athabasca Oil Sands Project and its 70% operated interest in the Duvernay sha...
bp Sells Minority Stake in Trans Adriatic Pipeline to Apollo for $1B
bp has signed a $1 billion deal with Apollo-managed funds to purchase a non-controlling stake in bp Pipelines TAP Limited, a subsidiary of bp that holds a 20% share in Trans Adriatic Pipeline AG (TAP). Once completed,...
APA Reveals $950M Non-Core Asset Sale Deal in the Permian Basin
APA Corporation has entered into an agreement for the sale of non-core producing properties in the Permian Basin for $950 million, prior to customary closing adjustments. The properties are in the Central Basin Platf...
