Offshore logo
Auction announced for Cove bid battle
Posted 13.07.2012 11:26:56 av John Bradbury
Vis RSS feed
Send nyhet til en venn
Shell and Thailand’s PTTEP have been called into an auction to buy out Cove Energy.

London’s Takeover Panel has ruled that the two companies have until 16 July to make revised offers for Cove. And if a competition for Cove still exists by then the London takeover panel has said an auction will take place.

Shell and PTTEP are then free to make a revised offer by 17 July and after that either company is free to make further revised offer and this will continue on subsequent days until, on any given day, neither Shell or PTTEP - the “offerors” - announces a revised offer, in which case the auction will end at 5pm on that day.

And the panel can announce a time limit for the auction procedure.

Shell originally announced its cash offer for Cove Energy on 24 April, based on 220 pence per share, and published a offer document on 2 May. Thailand’s PTTEP announced a cash offer of 240 per share on 23 May.
Advertisement
Latest news

Asset integrity expertise bought

British-based engineering expertise has been bought up by Norway's Aker Solutions to boost its integrity analysis for oil and gas assets.

[Les mer ] Company news

Sound signals big Italian gas

London-listed Sound Oil has logged a big new gas find in Italy.

[Les mer ] Exploration

Aker anchors new accommodation unit

A new offshore accommodation unit under construction in China is to be fitted with a mooring system supplied from Norway.

[Les mer ] Contracts

Big gas at Bianchi 1

Austria's OMV has reported a major new gas find while drilling offshore Australia following on from its earlier Zola discovery.

[Les mer ] Exploration

New drilling near Johan Castberg

Swedish explorer Lundin Petroleum has kicked off a new exploration well in the Norwegian sector of the Barents Sea.

[Les mer ] Exploration

Irish data acquisition underway

Seismic data acquisition has kicked off on a newly allocated Irish Frontier Exploration Licence.

[Les mer ] Exploration

Profilerte stillingerAlle stillinger »
Profilerte selskapFra OffshoreX.no
BSAFE SYSTEMS AS Logo

BSAFE SYSTEMS AS

Norges eneste premium forhandler av Lighthouse skilt og etikettsystemer samt distributør av Master Lock safety series - sikkerhetsutstyr til bruk under service og vedlikehold av maskiner og utstyr.

Se profil | offshorex.no
LOS Elektro AS Logo

LOS Elektro AS

LOS Elektro AS gjennomfører V&M-kontrakter innen EIT installasjoner på olje og gass inst. Ofte er disse underleverandørkontrakter til større multidisiplin kontraktører som betjener oljeselskapene. Tjenesten kan være ny installasjoner, utvidelse eller vedlikehold. Våre ansatte yter ingeniørtjenester, høyspentoppdrag, prosjektering, risikovurderinger, innkjøp, installasjon, testing og dokumentasjon.

Se profil | offshorex.no
RENTAL TECHNOLOGY & SERVICES AS Logo

RENTAL TECHNOLOGY & SERVICES AS

RTS er leverandør av teknologi og utstyr som brukes i forbindelse med feltutbyggninger, kartlegging og inspeksjon. RTS utvikler produkter som brukes av de fleste aktører som driver med med konstruksjon og Subsea både i Norge og internasjonalt.

Se profil | offshorex.no
Stahl-Syberg A/S Logo

Stahl-Syberg A/S

Supplies a total concept for explosion protection from R.Stahl, a world leader in the field of electrical and electronic equipment. Agent for Hawke and Schniewindt.

Se profil | offshorex.no
AGR Logo

AGR

AGR leverer løsninger innen boring, reservoar, feltutvikling, produksjon, trening, HMS og drift. Med hovedkontor i Oslo, sysselsetter AGR mer enn 650 mennesker over hele verden. Selskapet har kontorer i Norge, Storbritannia, Australia, CIS, UAE og USA. De siste 14 årene har AGR boret mer enn 500 brønner for ulike operatører på verdensbasis. For ytterligere informasjon om AGR, besøk www.agr.com.

Se profil | offshorex.no
BD Oil & Gas Logo

BD Oil & Gas

BD Oil & Gas, a division of Brødrene Dahl, is a Norwegian stockist specializing in the supply of Piping and Valve products to the Oil & Gas industry.BD Oil & Gas provides products via our global network of manufacturers and supplier.We offer quality products, technical solutions, efficient customer services and a state of the art logistics and distribution system through our 54 locations in Norway

Se profil | offshorex.no
Tips oss
Kontakt oss
Offshore.no AS
Annonsere
Ansvarlige
Sjefsredaktør: Erlend Keilen
OPPHAVSRETT
Alt innhold er opphavsrettslig beskyttet.
Copyright Offshore.no AS