Stake | Egypt Oil & Gas

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.

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 presen ...

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 the ...

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.

DNO Acquires ExxonMobil’s Stake in Baeshiqa License

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

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

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

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

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 ...

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