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. The company elaborated that the transaction is pending the approval of the ...

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, located in the Campos Basin, to PetroRio Jaguar Petrolelo Ltda, a subsidiary of PetroRio S.A that holds the remaining 70% shar...

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. At the same time, the Anglo-Dutch giant ins...