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 […]
Read moreShell 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 […]
Read moreTags: Anadarko, Barquentine well, Bharat Petroleum, bid on Cove Energy, Braquentine, capital expenditure, Cove Energy, East Africa, ENH, Exploration & Production, gas, Kenya, Lagosta, Lagosta well, Liquefied Natural Gas, LNG, LNG price, LNG Trains, Mitsui, Mozambique, offshore, offshore platform, Offshore technology, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil news, Oil&Gas, Project Feasibility study, PTTEP, Rovuma Bassin, Rovuma gas field, Rovuma Offshore Area 1 partnership, Shell, Tubarao, Tubarão well, upstream, Videocom, well, Windjammer, Windjammer well
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