stakes | Egypt Oil & Gas

ADNOC, TAQA Reveal $2.4B Project to Provide Sustainable Water Supply to Onshore Operations

ADNOC and TAQA announced a strategic investment project to provide a sustainable water supply to ADNOC’s onshore operations worth up to $2.4 billion.

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.

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 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 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.

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