MOL Hungarian Oil & Gas PLC

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság, together with its subsidiaries, operates as an integrated oil and gas company in Hungary and internationally. The company offers MOL EVO fuel products; operates convenience store under the Fresh Corner brand; and provides e-charging solutions. It also provides lubricants and autochemicals; gasoline, diesel, heating oil, and bunker diesel; JET A-1 aviation fuel; liquefied petroleum gas, including butanes, propane-butane mix, autogas, propane; petrochemicals; black products, such as bitumen, HFO, petrolcoke, and liquid sulphur, as well as other crude processing/petchem residues, including fcc residue, c9+, and pyrooil; and base oil, waxes, and finished lubricants. In addition, the company is involved in the provision of retail services, which operates service stations under the MOL, Slovnaft, INA, Tifon, and Energopetrol brands; mobility solutions comprising e-mobility, car sharing, bike sharing, fleet management services; oilfield chemicals and technologies business; and oilfield services, such as drilling, workover, pressure pumping, cementing and stimulation, coiled tubing and nitrogen, tubular handling, well test, slickline, wireline mud logging, and seismic data processing service lines. Further, it engages in the provision of digital factory services, including data science, master data management, loyalty, customer relationship management, campaign management, API integration, omnichannel and payment; and natural gas transmission business. Additionally, the company produces, supplies, and treats water; fire and ambulance services; investment management; engineering activity and consultancy; hydrocarbon exploration; trading of oil products; financial services; exploration financing; private security; accounting; bookkeeping and auditing; tax consultancy; and computer facilities management activities. The company was incorporated in 1991 and is headquartered in Budapest, Hungary.

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Shell to sell BG Cyprus and Aphrodite gas stake to MOL Group for up to $720m

Shell has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, subject to adjustments and milestone-related contingent payments. The deal transfers Shell's 35% non-operated interest in Cyprus Offshore Block 12, which contains the Aphrodite gas field with estimated contingent resources of around 104 billion cubic metres of gas and eight million barrels of condensate. The transaction is expected to close in early 2027 pending regulatory approvals, and MOL Group will assume Shell's interests and corresponding obligations. Shell said the divestment allows it to realise value created so far while the remaining partners, including operator Chevron Cyprus with a 35% stake and NewMed Energy with 30%, advance toward a final investment decision. MOL Group described the acquisition as its largest upstream growth opportunity since 2019, supporting long-term production targets and reserve growth.

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