The heads of Japanese oil refiners Idemitsu Kosan Co (5019.T) and Showa Shell Sekiyu (5002.T) met on Thursday to re-confirm the companies’ intention to merge despite opposition from Idemitsu’s founding...
Idemitsu family bought shares in Showa Shell to block takeover -lawyer
The founding family of Idemitsu Kosan Co has bought 400,000 shares in Showa Shell Sekiyu KK, enough to be able to force a tender offer bid for its rival, in the hope of blocking management’s takeover plan, the...
Spartan Energy says announces southeast Saskatchewan light oil acquisition
Spartan Energy Corp Sees 2016 Year * Agreement on a “bought-deal” basis with underwriters for an offering of 22,100,000 shares at a price of $3.18 per share * Board approved 2016 capital budget of $68...
Cobalt International says Angola stake sale off track
Cobalt International Energy Inc (CIE.N) said it was unlikely to close a $1.75 billion sale of its 40 percent stake in two offshore oil blocks in Angola to the state oil company, sending its shares down as much as 43.5...
Ministry not considering merger of 13 oil PSUs
NEW DELHI: Petroleum Ministry is not considering any proposal to merge 13 state-owned oil PSUs like ONGCBSE 0.45 %, IOCBSE 1.38 % and GAILBSE 0.24 % to create a behemoth, Oil Minister Dharmendra Pradhan said today...
Government open to deliberating on merger of oil firms: Dharmendra Pradhan
KOLKATA: Government is open to deliberating on the issue of mega-merger of state-owned oil firms for creating a behemoth, Union Minister Dharmendra Pradhan said. “The government plans to deliberate on the issue of...
Estoril agrees to sale stake in online gaming unit
Estoril Sol SGPS SA : * Said on Wednesday that Vision Gaming Holding Limited, based in Malta, agreed to acquire 49.9998 pct stake in company’s unit Estoril Sol Digital, Online Gaming Products and Services SA *...
ONGC, HPCL may sell stake in MRPL to meet public holding norms
NEW DELHI: State-owned Oil and Natural GasBSE 0.04 % Corp (ONGC) and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals LtdBSE 0.62 % (MRPL) to comply with...
Oil and Gas M&A Seen Accelerating as Fear of Bad Deals Fade
Energy acquisitions are poised to pick up as oil and gas prices stabilize and fears of bad deals wane, according to Ernst & Young LLP. Acquisitions will accelerate in the fourth quarter with most of the announced...
FTC taking comment on divestiture linked to Air Liquide, Airgas merger
The U.S. Federal Trade Commission said on Tuesday it is accepting public comments on an application for sale of assets it required for approving a merger of industrial gas suppliers Air Liquide (AIRP.PA) and U.S. peer...
Oil and gas stocks rally on mega PSU merger buzz
MUMBAI: Oil & gas sector stocks rallied on Monday, buoyed by the news that the government is planning to merge 13 state oil firms to create a giant corporation. The mood was further boosted by global brokerage firm...
TORC Oil & Gas Ltd announces Strategic Acquisitions in Southeast Saskatchewan
TORC Oil & Gas Ltd * Pro forma acquisitions, TORC anticipates that 2016 budget will result in 2016 exit production of greater than 19,400 boepd * Completed a series of tuck-in acquisitions in first half of 2016 for...
