stakes | Egypt Oil & Gas
ExxonMobil Considers Selling Majority Stake in LNG Terminal Offshore Italy
ExxonMobil announced that it may sell its majority stake in the Rovigo liquefied natural gas (LNG) terminal, Italy’s main regasification terminal, as part of a larger strategy to get rid of its non-core assets. ...
ADNOC Gas Shares Jump by 18% over IPO Price
ADNOC Gas’s stakes have jumped to 2.8 dirhams ($0.7625), compared to 2.37 dirhams at its initial public offering (IPO), Reuters reported. This indicates that ADNOC Gas’s shares have increased by about 18% ...
ExxonMobil to Sell Interest in Esso Thailand
ExxonMobil has sold its stakes in Esso Thailand which includes the Sriracha Refinery, select distribution terminals, and a network of Esso-branded retail stations, delivering on its commitment to strengthening the val...
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 rep...
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 Ukr...
QatarEnergy to Acquire 40% of Offshore Block in Egypt
QatarEnergy entered an agreement with ExxonMobil to obtain a 40% working interest in an offshore exploration block in Egypt. The agreement is pending governmental customary approval. According to the agreement, QatarE...
Nigeria’s NNPC to Acquire Stakes in Dangote Refinery
Nigeria has 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, Timpire Sylva, Junior Oil Minister, said,...
Qalaa Holding to Increase Stakes in ERC
Qalaa Holding Company has announced plans to boost its indirect ownership of the Egyptian Refining Company (ERC), Egypt Oil & Gas reports. A regulatory filing revealed that the company is in talks with financial c...
