Altrad agrees £332m Cape takeover
Industrial services provider Altrad said today that it had struck a takeover deal for Cape.
takeover
Updated: Delek to takeover Ithaca Energy in major North Sea deal
Delek Group is set to takeover Ithaca Energy.
Blackstone, Apollo size up distressed oil deals that banks shun
The long wait may finally be over.
Transocean to acquire shares, vessels in takeover of subsidiary
Transocean said it has agreed to acquire all of the outstanding common units of Transocean Partners in a share-for-unit merger transaction.
Interoil receives unsolicited offer from unnamed bidder
Interoil said it has received an unsolicited offer from an unnamed bidder.
Total in Africa acquisition
Total has struck a deal with Gulf Africa Petroleum Corporation's (GAPCO) for its assets in Kenya, Uganda and Tanzania.
Sunny Hill £6.4m offer for Petroceltic comes to end
A potential takeover by Sunny Hill for Petroceltic has come to a close after the timing for acceptance on the £6.4million bid lapsed.
Embattled Petroceltic tells shareholders to accept offer as it faces being wound-up
Embattled Petroceltic has told shareholders to accept a takeover offer as the firm stares down the possibility of being wound-up.
Halliburton said to face US lawsuit on Baker Hughes deal
U.S. antitrust officials have prepared a lawsuit to stop Halliburton Co. from taking over rival oil-services company Baker Hughes Inc., according to a person familiar with the matter.
Schlumberger completes takeover of Cameron
Schlumberger has announced the completion of its £10billion-plus cash and shares deal to buy energy service industry rival Cameron International
LGO Energy takes itself off the market
LGO Energy pulled a U-turn in its funding plans, taking itself off the market.
Shell BG deal will ‘shape more competitive company’
Royal Dutch Shell has hailed its 52.6 billion US dollar (£36.4 billion) takeover of BG Group as a step towards becoming a “simpler, leaner, more competitive company”. The mega-deal - creating the biggest trader of liquefied natural gas - came into force on Monday after shareholders waved through the tie-up at the end of January.
Shell needs to repay investors who backed its biggest ever wager
Royal Dutch Shell Plc is under pressure to reward the faith of the more than 80 percent of shareholders who shrugged off the risks from slumping oil prices to back its record acquisition of BG Group Plc.
Updated: Shell shareholders approve BG takeover
Shell's shareholders today approved its takeover of BG.
Petroceltic in possible takeover bid from Worldview
Petroceltic could be bought over by Worldview Capital, after recently putting itself up for sale. The move comes after Worldview released a statement in which it said it was in the process of "evaluating and preparing for a possible all cash offer" for the shares in Petroceltic.
Takeover talks for San Leon terminated
Takeover talks for San Leon Energy have ground to a halt.
Premier Oil’s shares suspended for second day
Premier Oil’s shares today entered day two of being suspended on the London Stock Exchange.
Suncor Energy extends offer for Canadian Oil Sands
Suncor Energy said it has extended an offer for Canadian Oil Sands until the end of January.
Shell boss says oil price will more than double
Shell boss Ben van Beurden said he was “very, very confident” oil price would more than double.
Drillsearch shareholders set to approve takeover, AFR reports
Shareholders of Drillsearch Energy Ltd. look set to approve a A$384million ($266million) takeover of the Cooper Basin oil and gas producer in Australia by Beach Energy Ltd. later this month, the Australian Financial Review reported.
Canadian Oil Sands urges shareholders to reject Suncor bid
Canadian Oil Sands Ltd.’s board sent a letter to its shareholders Tuesday urging them once again to reject the hostile bid by Suncor Energy Inc. ahead of the offer’s deadline next week. The Calgary-based Canadian Oil Sands said the C$4.5 billion ($3.2 billion) offer was an “undervalued and opportunistic bid.” Suncor has offered 0.25 of its own shares to Canadian Oil Sands’ investors in a tender offer that expires on January 8.
Shell, BG close in on merger, set to publish scheme document
Industry giants Shell and BG are zeroing in on their mega-merger.
Cameron shareholders approve Schlumberger takeover bid
Cameron said its shareholders have approved a bid by oil services giant Schlumberger to take over the company in a deal worth $12.7billion. The transaction is expected to be completed by next year.
Video: Simmons boss predicts more deals as company is bought over
The boss of Simmons & Co said he expects to see more mergers and acquisitions in the next year, as he spoke about his own company's $139million takeover by Piper Jaffray. The companies announced in a joint statement yesterday they had signed a deal for the merger after detailed talks intensified in the past four weeks. Speaking exclusively to Energy Voice, Colin Welsh, who heads up Simmons business in the eastern hemisphere said he also expected the oil price to pick up.
Apache snub of Anadarko approach puts both explorers in play
Apache Corp.’s rejection of a takeover offer from Anadarko Petroleum Corp. leaves both energy explorers vulnerable to acquisition. Anadarko, the third-largest US natural gas producer, said it withdrew an all-stock offer after Apache refused to engage in substantive talks. Apache, one of the biggest leaseholders in the largest US shale play, slumped 7.3 percent, the most in nearly a year. Anadarko dropped 3.8 percent, wiping out $1.2 billion in market value. For Anadarko, an acquisition of the $20 billion company would have served as a defense from any potential suitors. Major oil companies including Royal Dutch Shell Plc and Exxon Mobil Corp., which have a half-trillion dollars in cash and shares to fund takeovers, are seen as likely to approach beaten-down US independent producers.