Two state-owned Egyptian companies declared that they were offering oil and gas exploration blocks in bid rounds for 2009.
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Gas Natural reported holders of 69.5 percent of Union Fenosa shares subject to its 18.05 euros per share bid for the power company have accepted its offer.
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Gas Natural reported on Thursday that holders of 69.5 percent of Union Fenosa shares subject to its 18.05 euros per share bid for the power company have accepted its offer.
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The Georgia Public Service Commission unveiled today that SCANA Energy, a unit of SCANA Corporation has won a competitive bid to continue serving as Georgia’s sole regulated provider of natural gas, a role the [...]
UK-listed oil explorer Imperial Energy said its agreed takeover by ONGC was not at risk because shares owned by collapsed investment bank Lehman Brothers would not be tendered for sale.
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UK-listed oil explorer Imperial Energy said its agreed takeover by ONGC was not at risk because shares owned by collapsed investment bank Lehman Brothers would not be tendered for sale.
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By Duncan Sutherland – Exclusive to Gas Investing News
Market news
What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches.
Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
The bid may face a valuation glitch as the government is having 2nd thoughts on the justification of state-owned company Oil and Natural Gas Corporation’s $2.6-bn bid for LSE-listed Imperial Energy.
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ONGC Videsh Ltd (OVL), the wholly-owned subsidiary of India based Oil and Natural Gas Corporation (ONGC), reported that it has bought 15 per cent stake in Imperial Energy and formally launched a negotiated takeover bid for the company at $2.6 billion.
OVL Managing Director R S Butola said:
The acquisition represents an important addition to OVL’s operations and we believe OVL’s [...]
Spain’s Gas Natural could launch an 18 euros per share bid for ACS’s stake in Spanish utility Union Fenosa, as per a report by newspaper Expansion.
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Thursday, July 9, 2009