Dana Gas Egyptian Assets Attract Huge Interest

• Thursday, 12th September 2019
• by Editorial Team

Dana Gas is receiving several offers from companies interested in acquiring its asset portfolio in Egypt, Mubasher reported citing the company’s Head of Investor Relations, Mohammed Mubaideen. The UAE-based company is...

HitecVision, Petrogas to Acquire Total North Sea Oilfields

• Wednesday, 10th July 2019
• by Editorial Team

Oman’s Petrogas and HitecVision are set to acquire some of Total’s North Sea oilfields in the UK for $635 million, Reuters reported. Talks are focused on a portfolio of Total oilfields, including Dumbarton, Ball...

DP World Acquires Topaz Energy for $1.08 B

• Monday, 1st July 2019
• by Editorial Team

DP World announced that it has acquired Topaz Energy and Marine in a deal worth . 08 billion, Reuters reported. The acquired oil services and marine logistics company was previously owned by Standard Chartered and the...

KUFPEC Seeks Acquisitions to Boost Production

• Sunday, 23rd June 2019
• by Editorial Team

Kuwait Foreign Petroleum Exploration Company (KUFPEC) is seeking acquisition opportunities to boost its oil and natural gas production to reach 150,000 barrels of oil equivalent per day (boe/d) by 2020, Reuters report...

Dragon Oil Acquires BP’s Stake in GUPCO

• Monday, 3rd June 2019
• by Editorial Team

The Vice Chairman of Dragon Oil, Saeed Mohammed Al Tayer has welcomed the agreement with BP to acquire its stake in the Gulf of Suez Petroleum Company (GUPCO), Egypt Oil & Gas reports. Dragon Oil, a subsidiary of ...

Wintershall DEA: New Leading Oil, Gas European Champion

• Thursday, 2nd May 2019
• by Editorial Team

Wintershall Holding GmbH (Wintershall) and DEA Deutsche Erdoel AG (DEA) have completed their merger. Wintershall DEA is now the leading independent oil and gas company in Europe, Egypt Oil & Gas reports. “We are a...