Shell (LSE:SHEL) has agreed to sell its wholly owned subsidiary BG Cyprus, including its stake in the Aphrodite gas field, to MOL Group. The deal marks a major exit from an upstream project in Cyprus and reshapes Shell's global portfolio focus. MOL Group gains exposure to the Aphrodite gas development as Shell reduces involvement in this non operated asset. For readers looking to explore more stocks tied to long term portfolio repositioning themes, a useful next step is 7 high quality...

Located in the eastern Mediterranean, the Aphrodite gas field is due to start production in 2031.

Shell agreed to sell its BG Cyprus unit, holder of a 35% stake in the Aphrodite gas field, to Hungary's MOL Group for $720 million.

Hungarian energy company MOL Group is expanding its Szarvas biogas plant with a new biomethane unit that will allow renewable gas to be fed directly into Hungary’s national gas network.

Ocean Network Express liner operator announces leadership transitions as founding CEO Jeremy Nixon steps down. The post Nixon steps down at ONE appeared first on FreightWaves.

Repsol (BME:REP) is leading a new offshore exploration venture in Libya with MOL Group and Türkiye Petrolleri A.O. The consortium has secured operatorship and major stakes in the first Libyan offshore licensing round in 17 years. The project focuses on offshore blocks in the Mediterranean, expanding Repsol's presence in North African energy production. This move puts Repsol (BME:REP) at the center of a fresh chapter for Libyan offshore exploration, an area that has seen limited new...