Romania’s OMV has concluded the sale of its 5% stake in the Ghasha concession to Lukoil Gulf Upstream for $594m (2.63bn lei).

Following the acquisition of OMV’s stake in the Ghasha concession, Lukoil’s interest in the offshore sour gas asset has doubled to 10%. Abu Dhabi National Oil Company (Adnoc Group) owns and operates ...

OMV has sold its 5% stake in the Ghasha ultra-sour gas concession offshore Abu Dhabi in the United Arab Emirates.

Austrian oil and gas group OMV Chief Executive Alfred Stern has decided not to stand for re-election after his term ends on August 31, 2026, the company said on Tuesday in a surprise move which ...

In March, Adnoc and Austrian energy company OMV entered into a binding framework agreement to combine their shareholdings in Borouge and Borealis and take control of a greater share of the global ...

Abu Dhabi National Oil Co (ADNOC) is closing in on a deal with Austria's OMV to combine two entities in which the companies own stakes to create a chemicals giant, two people with knowledge of the ...

UAE petrochemicals company Borouge is focusing on international expansion and long-term value creation as it gears up to ...

Consequently, Lukoil's stake in the project has increased to 10%.

HSBC’s Co-Head of Capital Markets & Advisory, MENAT, said the bank is working towards multiple IPO mandates for Q4 ...

Mergers and acquisitions (M&A) in the Middle East and North Africa (MENA) region surged in Q1 2025, with 225 deals valued at ...