Posts Tagged ‘Rovuma gas field’

Major Shell leaves Cover Energy to the National PTT

Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on  to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained […]

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Anadarko harvests new gas reserves offshore Mozambique

Atum discovery proves Rovuma prolific to Anadarko The Atum natural gas field is located approximately at 16 killometers distance from the previous Golfinho discovery to the Northwest within the Offshore Area 1 of the Rovuma Basin. In the Offshore Area 1 of the Rovuma basin, Anadarko Petroleum Company (Anadarko) and its […]

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Mozambique battle intensifies between Shell and PTT

PTTEP bids above $1.9 billion cash to acquire Cove The state owned company PTT Exploration and Production Public Company Ltd (PTTEP) announced the terms of its new offer in cash to acquire the entire issued and to be issued share capital of Cove Energy plc. Since Shell and PTTEP from Thailand were competing to take over Cove Energy […]

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Mozambique Government approved Shell’s offer on Cove Energy

Shell proposes $1.8 billion cash to acquire Cove Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer based on $0.195 per share, representing $1.57 billion capital expenditure for the acquisition. Then PTTEP submitted a $1.78 billion cash counter offer valued on $0.220 per share. Then Shell came back with […]

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