Stake | Egypt Oil & Gas
Qalaa Signals Potential 55% Control of TAQA Arabia by 2029
Qalaa Holdings, a leading MENA‑focused investment company, announced that its ownership stake in TAQA Arabia could rise from 6.2% currently to more than 55% by 2029 if it exercises its rights to purchase additional s...
Snam Eyes Stake in Eni’s Carbon Capture Unit
Italy’s Snam is studying a binding offer for a stake in Eni’s carbon capture and storage (CCS) business next month, according to Reuters. Last year, Snam and Eni launched a joint project to establish Italy...
bp to Purchase Shell’s Stake in Australia’s Browse Gas Project
bp will expand its holding in Australia’s largest untapped gas resources by buying the 27% stake of the Browse joint venture that is owned by Shell, Reuters reported. bp’s stake purchasing came in line with a move tha...
Equinor Considers Selling a 28% Stake in Statfjord Field
Norway’s Equinor is considering selling a 28% share in the Statfjord field, which spans the Norwegian and British continental shelves, as well as minor stakes in a number of satellite fields, According to a pres...
Japan to Maintain Its Stake in Sakhalin-1 Oil Project
After Russia temporarily banned Western investors from selling shares in key energy projects, Japan’s minister for economy, trade and industry Koichi Hagiuda stated that the country intends to keep a stake in th...
BPCL to Acquire OQ Stake in Indian Refinery
Bharat Petroleum Corporation Limited (BPCL) announced in a statement to the stock exchange, that it will acquire OQ’s shares in the Bina refinery project for RO 120 million, Oman Observer reported. The company holds a...
DNO Acquires ExxonMobil’s Stake in Baeshiqa License
The Norwegian DNO ASA company announced its acquisition of ExxonMobil’s stake which is 32% of the Baeshiqa license located in Kurdistan region of Iraq, a press release stated. After this acquisition, DNO’s operated st...
Petrobras Completes its Exit from the Frade Field
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...
