stakes | Egypt Oil & Gas

Santos Decides to Move Ahead in Developing $2.6B Alaskan Oil Project

Santos Ltd. of Australia announced that it will proceed with constructing a $2.6 billion oil project in Alaska. This unexpected announcement caused the energy producer's shares to decline despite the company repor ...

E.ON Reduces Nord Stream 1 Stake Value

The value of E.ON's stake in the Nord Stream 1 gas pipeline has been reduced by roughly EUR 700 million ($715 million) due to "heightened uncertainty" on the effects of Russia's conflict in Ukraine. E.ON is the la ...

QatarEnergy to Acquire 40% of Offshore Block in Egypt

Qatar Energy entered an agreement with ExxonMobil to obtain 40% working interest in an offshore exploration block in Egypt. The agreement is pending governmental customary approval.

Nigeria’s NNPC to Acquire Stakes in Dangote Refinery

Nigeria granted its state oil firm, the Nigerian National Petroleum Corp's (NNPC), an approval to acquire around 20% of Dagnote oil refinery stake for $2.76 billion.

Qalaa Holding to Increase Stakes in ERC

Qalaa Holding Company has announced plans to boost its indirect ownership of the Egyptian Refining Company (ERC).

BP to Sell Stakes in GUPCO

BP intends to sell its stakes in the Gulf of Suez Oil Company (GUPCO), banking sources have said.

ADNOC Grants Eni Stakes in UAE Offshore Fields

The Abu Dhabi National Oil Company has granted Eni two stakes in the UAE’s offshore concession areas in a $875 million, 40-year deal.

Egypt to Raise up to $150m from the IPO of Enppi

Egypt expects to raise up to $150m from IPO of Enppi as the government pushes ahead with a plan to sell stakes in state-controlled companies.

Chevron to Sell All Gas Stakes in Myanmar

Chevron has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3, would be the biggest deal involving Myanmar assets to date, financial sources familiar with the matter

Eni Plans $14b in Cost Cuts, Asset Sales

Eni plans to cut investments and sell down stakes to help it prop up dividends. Company's CEO said the disposals will be mainly through the dilution of stakes in recent discoveries, picking out gas fields in Mozambiq ...

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