News 24/24
Iraqi oil ministry officials said that ExxonMobil has reached out to express interest in acquiring Lukoil’s majority share in the massive West Qurna 2 oilfield, Reuters reported. ExxonMobil has approached Iraqi oil ministry officials to express interest in acquiring Lukoil’s majority share in the West Qurna 2 oilfield, Reuters reported. The field holds approximately 13 billion […]
The post Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant first appeared on Egypt Oil & Gas.
Read moreThe Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]
The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.
Read moreThe Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]
The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.
Read moreThe Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]
The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.
Read moreThe European Commission (EU) has granted conditional approval for Abu Dhabi National Oil Company (ADNOC)’s landmark €14.7 billion acquisition of German plastics and chemicals manufacturer Covestro, Reuters reported. The Commission announced the decision on November 14, requiring ADNOC to adhere to several commitments to address competition concerns. The conditional greenlight requires ADNOC to fulfill commitments, […]
The post EU Approves ADNOC’s €14.7 Bn Covestro Takeover first appeared on Egypt Oil & Gas.
Read moreUnited Energy Group Limited (UEG) announced the successful completion of its acquisition of Apex International Energy Holdings I, following the satisfaction of all conditions precedent under the Sale and Purchase Agreement (SPA). The transaction was completed on 14 October 2025, in accordance with the terms of the SPA. The acquisition marks another milestone in UEG’s […]
The post UEG Completes Acquisition of Apex International Energy first appeared on Egypt Oil & Gas.
Read more(Oil Price)– China has formalized a barter-style framework with Iran in which crude oil is exchanged for infrastructure projects (from […]
Read more(BOE Report)– Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy, raising the value of the proposed deal to C$29.80 […]
Read moreQatarEnergy has signed a deal with British Shell to acquire a 27% participating interest in the North Cleopatra block offshore Egypt. Accordingly, Shell will retain a 36% participating interest as operator. While other companies, US Chevron and Tharwa Petroleum Company, hold participating interests of 27% and 10% respectively. “We are pleased to secure this additional […]
The post QatarEnergy Acquires 27% Interest in Egypt’s North Cleopatra Offshore Block first appeared on Egypt Oil & Gas.
Read more(Oil & Gas 360) – Berkshire Hathaway (NYSE: BRK) and Occidental (NYSE: OXY) today announced a definitive agreement for Berkshire […]
Read moreTotalEnergies, a global integrated energy company, has entered an agreement with Continental Resources, a major American Petroleum and gas company, to acquire a 49% stake in natural gas assets operated by Continental in the Anadarko Basin, Oklahoma, the company reported in a press release. This acquisition of low-cost, long-life assets strategically connected to the Henry […]
The post TotalEnergies Acquires 49% Stake in US Natural Gas Company first appeared on Egypt Oil & Gas.
Read moreSLB, a leading technology company in the energy sector, has signed a definitive agreement to acquire RESMAN Energy Technology, a specialist in wireless reservoir surveillance solutions. The acquisition, expected to close in early 2026 pending regulatory approvals, strengthens SLB’s offerings in reservoir monitoring and production optimization. RESMAN’s advanced chemical tracer systems enable operators to track […]
The post SLB to Acquire RESMAN, Boosting Reservoir Surveillance and Recovery Solutions first appeared on Egypt Oil & Gas.
Read more(World Oil)– Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company’s […]
Read more(Oil Price)– Previously rejected MEG Energy bidder Strathcona Resources intends to buy an additional 5% stake in MEG and vote […]
Read moreAustralia’s second-largest independent gas producer Santos has agreed to extend the exclusivity period for a $18.7 billion takeover bid from a consortium led by Abu Dhabi National Oil Company (ADNOC), according to Reuters. The due diligence deadline has also been pushed for a month to September 19, giving ADNOC’s investment arm XRG and its partners […]
The post ADNOC-Led Consortium Gets More Time on $18.7bn Santos Bid first appeared on Egypt Oil & Gas.
Read moreBaker Hughes, an energy technology company, has completed its $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated. The acquisition will immediately contribute the company’s earnings and cash flow per share and Industrial and Energy Technology’s segment margins. The transaction brings a complementary portfolio of products to Baker Hughes’ existing valves […]
The post Baker Hughes Completes $540Mn Acquisition of Continental Disc Corporation first appeared on Egypt Oil & Gas.
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