• 4 minutes What will the future hold for nations dependent on high oil prices.
  • 7 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 13 minutes Venezuela continues to sink in misery
  • 19 mins End of EV Subsidies?
  • 27 mins Maersk's COO statment.
  • 43 mins Citi cuts Apple's price target
  • 1 hour Asian stocks down
  • 50 mins Japan Effectively Bans China’s Huawei, ZTE From Government Contracts, Joining U.S
  • 6 hours OPEC Cuts Deep to Save Cartel
  • 6 hours Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 6 hours China Builds LNG Icebreaker
  • 3 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 7 hours Price Decline in Chinese Solar Panels
  • 18 hours IT IS FINISHED. OPEC Victorious
  • 8 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 2 hours GOODBYE FOREIGN OIL DEPENDENCE!!

Global Energy Advisory – 24th April 2015

 

Deals, Mergers & Acquisitions

• With the flurry of speculation surrounding Shell’s designs on BP Plc, BP’s chief executive, Bod Dudley, is trying to head off rumors. Dudley has told the Financial Times that big isn’t necessarily beautiful. “We’ve got a good portfolio, I like our portfolio. We will see. I don’t see the forces at work for lots of consolidation unless the oil price stays down for some time.” BP is apparently concerned about an opportunistic takeover and has increased internal reviews of takeover scenarios and begun drafting defense strategies with advisers. This follows Shell’s £47 billion offer for BG Group Plc (LON:BG).

• Despite the chaos in Yemen and the fact that pretty much everyone else is withdrawing, Petsec Energy has struck an agreement with Oil Search Limited to acquire all of its shares in the Oil Search (ROY) Limited subsidiary, which has a 34% participating interest in Block 7 at the Al Barqa Permit in Yemen. ROY is the operator of the block. Block 7 is an onshore exploration permit covering an area of 5,000 square kilometers or (1,235,527 acres located approximately 340-kilometres east of Sana’a, the capital of Yemen. The block contains the Al Meashar oil discovery as well as an inventory of leads and prospects defined by 2D and 3D seismic surveys with significant oil potential.

• On the junior scene, California-based New Western…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News
-->