Shell Divests Indian Renewables Arm Sprng Energy to ABRen

• Tuesday, 14th July 2026
• by Sarah Samir

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to divest its entire stake in Solenergi Power Private Limited, including the...

UOG Divests from Egypt After Productive Year

• Wednesday, 26th June 2024
• by Sarah Samir

United Oil & Gas Plc (UOG) has announced final audited results for the year ended 31 December 2023 and Notice of AGM. Egypt delivered steady production throughout the year with several wells successfully drilled a...

Shell Sells $406 M Stake in Iraqi Oil Field to Itochu Subsidiary

• Sunday, 25th March 2018
• by Editorial Team

Shell has agreed to sell its 19.6% stake in the West Qurna 1 oil field in southern Iraq to a subsidiary of Itochu Corporation for $406 million, The National reported. The purchaser will assume debt of $144 million as ...

Kuwait to Buy Shell’s Bongkot Stake in Thailand

• Wednesday, 1st February 2017
• by Editorial Team

Royal Dutch Shell has said it will sell its stake in Thailand’s Bongkot gas field to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $900m, Arabian Business reported. The transaction will include Shell...

Dow Chemical’s ME Global to be Sold to Equate for $3.2b

• Sunday, 25th October 2015
• by Egypt Oil & Gas

Kuwait’s Boubyan Petrochemical Co.’s affiliate Equate had signed a $3.2 b deal to buy ME Global from Dow Chemical and a subsidiary of state-run Kuwait Petroleum Corp., reported Reuters. Under this non-binding ag...

Total Completes Divestment of its Onshore Stake in Nigeria

• Monday, 30th March 2015
• by Egypt Oil & Gas

Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for USD 569m. Since 2010, Total has divested its interests in eleven onshore blocks to...