bp Exits Dutch Retail Market in Major Deal with Catom

• Thursday, 10th July 2025
• by Fatma Ahmed

As part of its $20 billion divestment program, bp is exiting the Netherland’s retail market through an agreement to sell its Mobility & Convenience and bp pulse operations there to Catom.

TotalEnergies Exits Some Blocks Offshore South Africa 

• Tuesday, 30th July 2024
• by Doaa Ashraf

TotalEnergies has announced its withdrawal from Blocks 11B and 12B off the southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa has exited holds a 45% interest.

Shell to Exit European Home Retail Energy Businesses

• Tuesday, 6th June 2023
• by Israa Ibrahim

Shell announced that it will exit home retail energy businesses in Britain , Germany, and Netherlands due to “tough market conditions” stated Wael Sawan, Shell’s CEO, Reuters reported.

ExxonMobil Intensely Working Through Options for Exiting Russian Venture

• Sunday, 27th March 2022
• by Fatma Ahmed

ExxonMobil is currently working through options on how to proceed to withdraw from its Russian venture.

PTTEP, Chevron Acquire Shell’s Stake in Myanmar

• Thursday, 17th March 2022
• by Fatma Ahmed

PTTEP International, a subsidiary of the Thai national energy company PTT, confirmed it decision to take over the operatorship of Yadana and MGTVC in addition to TotalEnergies' share in Yadana.

Equinor Affirms Its Compliance with Russian Oil Sanctions

• Tuesday, 15th March 2022
• by Fatma Ahmed

Continuing its deny to the Russian invasion, Equinor has announced that it will not enter into any deals related to trading or transporting oil and oil products from Russia.

ExxonMobil to Stop Operations in Russia

• Wednesday, 2nd March 2022
• by Fatma Ahmed

Signaling its support for the Ukrainian people, ExxonMobil announced its decision to stop its operations in Russia and that it will not invest in any more new projects there. 

TotalEnergies Exits from Block 14 in Angola

• Monday, 17th January 2022
• by Fatma Ahmed

TotalEnergies announced that it has signed an agreement along with Inpex to sell its interest in Block 14 B.V. to the Angolan Company Somoil.

Petrobras Completes its Exit from the Frade Field

• Sunday, 7th February 2021
• by Fatma Ahmed

Petrobras company announced that it has completed its 30% stake sale from the Frade field which is located in the Campos Basin, to PetroRio Jaguar Petrolelo Ltda, a subsidiary of PetroRio S.A that holds the remain ...

Shell confirms exit from Libya blocks

• Tuesday, 29th May 2012
• by Egypt Oil & Gas

Shell has decided to quit its Libyan exploration blocks amid insecurity and harsh contracts, in the first such move since the overthrowing of Muammar Gaddafi's regime.