Energy NEWS

Thai PTT Exploration starts to delist takeover target Cove Energy

Thai oil and gas explorer PTT Exploration and Production Pcl (PINK:PEXNY), or PTTEP, said on Friday its GBP2.40 (USD3.77/EUR3.05) per share takeover offer for British peer Cove Energy Plc (LON:COV) had remained fully … Continue reading “Thai PTT Exploration starts to delist takeover target Cove Energy”


BP agrees to sell its Texas-based gas processing plants for $228m

British oil and gas group BP Plc (LON:BP) said its BP America Production Company unit is selling its midstream gas operations in Texas, comprising the Sunray and Hemphill gas processing plants and their … Continue reading “BP agrees to sell its Texas-based gas processing plants for $228m”


Abraxas, Blue Stone Oil & Gas to break-up Blue Eagle JV

Texas-based oil and natural gas exploration and production company Abraxas Petroleum Corp (NASDAQ:AXAS) said it had signed a letter of intent (LoI) to break-up its Blue Eagle Energy LLC joint venture with Blue … Continue reading “Abraxas, Blue Stone Oil & Gas to break-up Blue Eagle JV”


UK water utility Severn Trent seeks buyers its analytical business

British water and sewerage group Severn Trent Plc (LON:SVT) announced on Wednesday it had hired Rothschild to help the company dispose of its analytical services business. Severn Trent said it decided to sell … Continue reading “UK water utility Severn Trent seeks buyers its analytical business”


Ireland’s DCC agrees to acquire BP’s UK liquefied gas operation

Irish sales, marketing, distribution and business support services provider DCC Plc (ISE:DCC) announced on Wednesday it had agreed to buy the British liquefied petroleum gas (LPG) distribution operations of BP Plc (LON:BP) for … Continue reading “Ireland’s DCC agrees to acquire BP’s UK liquefied gas operation”


Shell names new deadline for Cove Energy bid

Royal Dutch Shell Plc (LON:RDSA) announced on Thursday a new extension until 25 July for its £2.20 ($3.41/€2.80) a share takeover offer for Cove Energy Plc (LON:COV), after securing 3.27% in the British … Continue reading “Shell names new deadline for Cove Energy bid”


Forestar’s target Credo Petroleum gets no offers

US oil and gas explorer Credo Petroleum Corp (NASDAQ:CRED) announced on Tuesday it had received no alternative takeover approaches during the go-shop period agreed with its suitor Forestar Group Inc (NYSE:FOR) in June. … Continue reading “Forestar’s target Credo Petroleum gets no offers”


National Grid completes disposal of New Hampshire distribution business

British power and gas distributor National Grid Plc (LON:NG) announced today it had wrapped up the $285m (€226.8m) sale of its New Hampshire electric and gas distribution units to a subsidiary of Canada’s … Continue reading “National Grid completes disposal of New Hampshire distribution business”


Morgan Stanley unit invests in India’s Continuum Wind Energy

Morgan Stanley Infrastructure Partners, a unit of US investment banking major Morgan Stanley (NYSE:MS), has agreed to invest INR12bn (USD210m/EUR167m) in Continuum Wind Energy, acquiring a majority stake in the Indian wind power … Continue reading “Morgan Stanley unit invests in India’s Continuum Wind Energy”


Indonesia’s national oil company PT Pertamina acquires Harvest’s Venezuelan assets

HNR Energia BV, a wholly owned subsidiary of US oil exploration company Harvest Natural Resources Inc (NYSE: HNR), has entered into a definitive share purchase agreement (SPA) that will see Indonesia’s national oil … Continue reading “Indonesia’s national oil company PT Pertamina acquires Harvest’s Venezuelan assets”


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