The UK’s Competition and Markets Authority (CMA) is considering whether there are “reasonable grounds” to approve the merger of Maersk Drilling and Noble Corp, following the proposed sell-off of several North Sea rigs.
Competition and Markets Authority (CMA)
The UK’s Competition and Markets Authority (CMA) has flagged concerns over the proposed merger of Noble and Maersk Drilling, saying it could increase costs and reduce service quality for oil and gas producers in the UK North Sea.
‘Failures and contradictions’: CHC lands scathing attack on competition watchdog over Babcock findings
CHC has launched a scathing critique of the competition watchdog for what it calls “incomplete, selective and deficient” analysis of its takeover move for Babcock.
Maersk Drilling and Noble Drilling are preparing to sell a series of oil rigs, currently stationed in the North Sea, in order to get over competition hurdles.
Helicopter operator CHC has grudgingly suggested a partial divestment of the Babcock UK business in Aberdeen to get over competition hurdles.
The market watchdog has said that the takeover of Babcock Aviation by CHC Helicopters would lead to a “significant loss” of competition in the North Sea, as its final decision looms.
CHC has told competition authorities that its takeover target of Babcock Aviation is “not a particularly serious competitive threat” to the company.
CHC helicopter has been given five days to address “concerns” raised by the competition watchdog over its takeover of rival Babcock before an investigation is escalated.
A formal inquiry has been launched by the competition watchdog into the merger of CHC and Babcock helicopters.
The Babcock oil and gas helicopter operation in Aberdeen is to be renamed while the competition watchdog mulls a takeover by rival CHC.
Energy Voice Out Loud, under the tender new management of Allister, took a look at the big numbers coming out of OGUK’s big report this week. Imports are rising, it seems, but politics remain a tangled web. Are companies too scared of allegations of greenwashing to make the case for the energy industry?
Babcock International has announced the completion of the sale of its oil and gas aviation business to CHC Helicopters.
The UK’s competition inspector has deemed plans by Baker Hughes and investment firm Akastor to merge two business units not worthy of an investigation.
CHC has beat its incumbent rivals to a newly-formed Taqa helicopter contract in the central North Sea.
The bosses of some of Britain's biggest energy companies have warned that Ofgem could get bogged down in a lengthy battle over a plan they believe will set back the UK's drive to build a green recovery after the coronavirus crisis.
The Covid-19 pandemic has created a severe demand shock for the energy market, coinciding with an oil price war that has caused prices to plummet further.
UK competition authorities have approved Wood’s £250m sale of its nuclear business.
Four million vulnerable households on prepay gas and electricity meters could soon see their bills rise, according to the Competition and Markets Authority (CMA).
Balmoral Tanks has lost a long-running legal fight with the Competition and Markets Authority (CMA) after a court upheld a £130,000 fine imposed by the regulator.
A move by SSE and the owner of NPower to merge their operations and create a new UK energy supplier is to be investigated by Britain’s competition watchdog.
SSE and EDF Energy’s failed appeal to change industry rules has been criticised by a senior partner from energy regulator Ofgem.
The Competition and Markets Authority (CMA) has rejected an appeal by SSE and EDF Energy to pursue a change in industry rules on electric generation.
Balmoral Group has vowed to launch an appeal after it was slapped with a £130,000 fine by the competition watchdog.