Dana Gas, an Abu Dhabi-listed energy firm, has sold more than half its stake in Hungarian oil and gas group MOL, two sources familiar with the matter said, sending its shares lower.
A Dana Gas spokeswoman confirmed the transaction
Hungarian oil and gas group MOL said it had conducted successful Jurassic Zone testing on its Shaikan-1 discovery well in the Shaikan Block in Iraq's Kurdistan region.
MOL said on the initial test in 2009, the zone failed to flow oil t
Oman Oil Company (OOC) has raised its stake in Hungarian oil and gas group MOL to 15.4 per cent from 8.4pc in a move that will boost the latter's defence against a possible hostile takeover.
'This is part of MOL's efforts to ha
Hungarian oil firm MOL will sell 8 percent of its shares to Oman Oil Co (OOC) in a move analysts say will help it fight off a takeover approach.
MOL will sell 8.77 million of its treasury shares to the government owned OOC at around 25,237