bp to Purchase Shell’s Stake in Australia’s Browse Gas Project

• Sunday, 30th April 2023
• by Israa Ibrahim

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.

Equinor Considers Selling a 28% Stake in Statfjord Field

• Monday, 29th August 2022
• by Israa Ibrahim

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 presen ...

Japan to Maintain Its Stake in Sakhalin-1 Oil Project

• Monday, 8th August 2022
• by Israa Ibrahim

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 the ...

BPCL to Acquire OQ Stake in Indian Refinery

• Sunday, 14th February 2021
• by Fatma Ahmed

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.

DNO Acquires ExxonMobil’s Stake in Baeshiqa License

• Thursday, 11th February 2021
• by Fatma Ahmed

The Norwegian DNO ASA company announced its acquisition of ExxonMobil’s stake which is 32% in the Baeshiqa license located in Kurdistan region of Iraq.

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 which is located in the Campos Basin, to PetroRio Jaguar Petrolelo Ltda, a subsidiary of PetroRio S.A that holds the remain ...

EG Group Agrees to Acquire Majority Stake of Asda

• Thursday, 4th February 2021
• by Fatma Ahmed

Euro Garages Group (EG Group) announced that it had reached to an agreement to acquire the majority ownership stake in Asda Group Limited (Asda) including its assets of petrol stations, car washes and ancillary la ...

Petrobras to Sell Remaining Stake in BR Distribuidora for BRL 26 Per Share

• Wednesday, 3rd February 2021
• by Fatma Ahmed

The Brazilian State- controlled Oil Producer Petrobras agreed to sell it remaining shares in BR Distribuidora if its stock recovers to BRL 26 per share.

Indian RIL Sells Stake in Gulf Africa to Total

• Tuesday, 31st May 2016
• by Egypt Oil & Gas

Indian conglomerate holding company Reliance Industries (RIL) has sold its entire 76% stake in the Mauritius-incorporated fuel retailer Gulf Africa Petroleum Corp, GAPCO, to the French group Total of France for an un ...