Transaction | Egypt Oil & Gas

TotalEnergies Set to Sell 50% Stake in Surmont Oil sands Asset

ConocoPhillips is exercising its preemption right to purchase the 50% stake in the Surmont asset held by TotalEnergies EP Canada Ltd. for about $3 billion, giving it full ownership and elbowing away rival Suncor E ...

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.

TotalEnergies’ Cray Valley Affiliate Completes Sale of Three Product Lines to Pacific Avenue Capital Partners

Product lines Wingtack®, PolyBD® and Dymalink® developed by Cray Valley, a TotalEnergies affiliate, will be acquired by Pacific Avenue Capital Partners.

bp, ADNOC Announce Bid for Interest in NewMed Energy

bp and ADNOC made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek’s stake, through this transaction bp and ADNOC will hold 50% of NewMe ...

Shell Finalizes Sale of Its Interest in Aera Energy to IKAV

Shell Offshore, a subsidiary of Shell, has sold its 100% interest in Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV.

 

SEIC Acquires Stakes in Four Egyptian Companies Worth $1.3B

The Saudi Egyptian Investment Company (SEIC) which is owned by Saudi Arabia's state-owned Public Investment Fund (PIF), declared its acquisition of minority stakes in four Egyptian companies worth $1.3 billion, am ...

VAALCO to Acquire All Outstanding Common Shares of TransGlobe

TransGlobe and VAALCO announced that they have entered into a definitive arrangement agreement pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategi ...

Shell Signs PSC to Acquire 25% of Atapu Field

Shell Brasil Petróleo Ltda.(Shell Brasil), a subsidiary of Shell plc, has signed the Production Sharing Contract (PSC) with Petrobras to acquire 25 % stake of the Atapu field.

Santos, Oil Search Reach Deal on Merger Ratio

Santos and Oil Search companies have reached to an agreement on the merger ratio mentioned in the Revised Merger Proposal.

Brazil’s CADE Approves Sale of RLAM Refinery to Mubadala

The Brazilian Administrative Council for Economic Defense (CADE) has approved the sale of RLAM refinery to Mubadala Capital.

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