PETRONAS Exits from PCCEPI in Chad

PETRONAS (E&P) Overseas Venture Sdn Bhd has signed a Share Sale and Purchase Agreement (SPA) with Savannah Energy Chad Limited to sell its entire shareholding in PETRONAS Carigali Chad Exploration & Production Inc. (PCCEPI), its subsidiary in the Republic of Chad.

ADNOC Drilling to Sell 7.5% of Shares Through IPO

Abu Dhabi National Oil Company (ADNOC) Drilling announced that it plans to offer 7.5% of its shares initial public offering (IPO) to be listed for trading on the Abu Dhabi Securities Exchange (ADX).

Apache, APA Corporations Announce New Holding Company Structure

Apache Corporation announced the completion of new holding company structure to be named APA, making APA the parent holding company of Apache. It replaces Apache as the public company trading on the Nasdaq stock market under the name of APA.

Petrobras Approves Proposal for Establishing with IPDMC

Petrobras announced that its board of directors has approved the proposal of establishing with the Industrial Plant Development and Modernization Company (CDMPI)

BP Launches Share Award Program for its Employees

BP company announced that it is launching its first share award program for its employees who are more than 60,000, motivating them to support its plan of renewable energy transition.

Aramco to Sell More Shares to Reinforce State’s Sovereign Wealth Fund

Saudi Arabia Ruler, Prince Mohamed bin Salman, announce, that the state-owned Aramco Company will sell more shares as apart of its plan to reinforce the kingdom’s Sovereign Wealth Fund.

OQ to Divest BORL Shares

OQ company is ongoing discussions with its partner Bharat Petroleum Corporation Limited (BPCL) on the potential of selling its shares in in Bharat Oman Refineries Limited (BORL).

AMOC Transfers Alexandria Wax Products’ 455 Shares to EGPC

Alexandria Mineral Oils Company (AMOC) transferred 455 shares from Alexandria Wax Products Company, one of its affiliates, to the Egyptian General Petroleum Corporation (EGPC).

Dana Gas Repurchases 368,250 Shares

Dana Gas has purchased 368,250 shares as part of the buy-back program.

Qalaa Holdings Looks to Increase Shares in ERC

Qalaa Holdings is in negotiations to increase its shareholdings in the Egyptian Refining Company (ERC), according to the company's managing director.

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