Hungary’s MOL has signed an agreement to acquire BG Cyprus, a 100% subsidiary of supermajor Shell, which holds a 35% non-operated interest in the Aphrodite gas field in the eastern Mediterranean. This acquisition is the biggest E&P growth opportunity for the company since acquiring a 9.57% stake ...

Cyprus Mail • Jul 31

Cyprus ‘will have had a say’ in BG Group sale

The Cypriot government “will have had a say” in the sale of the BG Group’s Cyprus unit from British multinational corporation Royal Dutch Shell to Hungarian oil and gas company MOL, former energy minister George Papanastasiou said on Friday. “I would expect the Republic of Cyprus to have had a sa...

OilPrice.com • Jul 31

Shell Sells Cyprus Gas Stake to MOL for $720 Million

Shell has agreed to sell its wholly-owned subsidiary BG Cyprus Ltd to MOL Group of Hungary for $720 million, as the UK-based oil and gas supermajor targets to grow its LNG value chain. Shell on Friday announced the agreement with MOL Group for the sale of BG Cyprus, which holds a 35% non-operated...

Cyprus Mail • Jul 31

Shell exits Cyprus Aphrodite gas field in $720m deal

Energy company Shell said on Friday it had ‌agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British oil major sharpens its focus on LNG operations. BG Cyprus’ 35 per cent non-operated interest in a Cyprus Offshore block, home to the Aphro...

Offshore Engineer • Jul 31

Shell Agrees $720M Sale of Cyprus Gas Unit to MOL Group

Shell has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, giving the Hungarian energy company a 35% stake in Cyprus' Aphrodite offshore gas field…

Offshore Energy • Jul 31

MOL Group buys Shell’s subsidiary in Cyprus for $720 million

UK-headquartered energy giant Shell has reached an agreement with Hungarian multinational oil & gas […] The post MOL Group buys Shell’s subsidiary in Cyprus for $720 million appeared first on Offshore Energy.

In-Cyprus • Jul 31

MOL to acquire Shell’s Aphrodite gas field stake for up to $720m

Shell has agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, Reuters reported, as the British energy major sharpens its focus on LNG operations. BG Cyprus’ 35% non-operated interest in a Cyprus Offshore block, home to the Aphrodite gas field in the e...

Offshore Energy • Jul 22

Chevron’s Cypriot gas project edges closer toward binding supply deal with Egypt

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have made inroads in securing a binding agreement for the sale of gas to Egypt from an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Med...

Offshore Technology • Jul 15

Shell moves ahead with tender for Dragon offshore gas project

Shell is advancing preparations for drilling at the Dragon offshore gas field in eastern Venezuela, with tendering now underway for drilling services.

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Full Name: Shell plc
Ticker: SHEL
Country: United Kingdom
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