exit | Egypt Oil & Gas

ExxonMobil Intensely Working Through Options for Exiting Russian Venture

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

PTTEP, Chevron Acquire Shell’s Stake in Myanmar

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

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

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

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

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

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.

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