Sale | Egypt Oil & Gas
bp Signs Deal to Transfer Most Venture Investments to Verdane
British Petroleum (bp) has reached an agreement with investment firm Verdane to divest bp Ventures’ minority stakes in more than 10 portfolio companies, marking another step in the energy company’s efforts to streamli...
Carlyle Explores UAE Partnerships for $20 Bn Acquisition of Lukoil’s Global Assets
US private equity giant Carlyle has initiated exploratory talks with state-linked investors in the United Arab Emirates (UAE) to potentially partner on the acquisition of Lukoil’s international asset portfolio, curren...
Baker Hughes Completes Sale of PSI Business to Crane Company
Baker Hughes, an energy technology company, announced Monday the closing of the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company. The transaction follows a divestiture agreement ...
ExxonMobil Enters Exclusive Talks with North Atlantic for Esso Share Sale
ExxonMobil announced that it has entered exclusive negotiations with the French unit of Canadian energy group North Atlantic to sell the 82.89 % stake Exxon owns in the French subsidiary Esso, according to Reuters....
TotalEnergies Sells its Fuel Distribution Activities to SIM Distribuidora in Brazil
TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company. The transaction, subject to authorization by the relevant authorities, involves a net...
Energean Announces $945M Sale of Egyptian, Italian, and Croatian Assets to Carlyle
Energean plc has announced that it entered into a binding agreement for the sale of its portfolio in Egypt, Italy and Croatia to an entity controlled by Carlyle International Energy Partners (“Carlyle”) for an enterpr...
Eni Sells 10% of Saipem at 1.970 Euros Per Share
Italian energy company Eni has completed the sale of 10% of the share capital of oilfield group Saipem at 1.970 euros per share for a total value of 393 million euros ($421.96 million). The sale was launched late on T...
Shell Finalizes Sale of Its Interest in Aera Energy to IKAV
Shell Offshore, a subsidiary of Shell, has sold its 100% interest in Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV. This transaction came in line with Shell’s strategy t...
