The initial takeover proposal of AU$752 million from Senex Energy was rejected by oil and gas exploration and production firm AWE Ltd.
Energy
Statoil invests in Azerbaijan gas field, sells project stake
Norway-based oil company Statoil ASA (STO) said on Tuesday it has decided to invest in the Shah Deniz gas field development in Azerbaijan, together with its consortium partners.
Barclays asks judge to stop regulator from collecting fines
UK-based lender Barclays denied allegations that it manipulated electricity prices in California. It asked the the court to stop the US Federal Energy Regulatory Commission from collecting fines.
Australia's APA to acquire Envestra with sweetened $1.3B bid
Australian natural gas giant APA Group entered an agreement to acquire the rest of distribution firm Envestra Ltd after increasing its offer to around AU$1.4 billion ($1.3 billion).
Rice Energy files for $800M IPO in New York
Natural gas exploration and production company Rice Energy Inc. on Monday filed with the US Securities and Exchange Commission for an initial public offering of its common stock. Rice Energy seeks to raise $800 million in the deal.
Latest News
Royal Dutch Shell's exit of its stake in Australia-based Woodside Petroleum Ltd may enable Asian buyers, particularly China, to get a stake of or even acquire the whole company, Bloomberg reported.
Energy firm American Energy Capital Partners will go public to raise $2 billion in funds that will enable it to acquire and drill oil and gas assets in the United States. AECP is managed by a firm created by ex-Chesapeake Energy Corp. chief executive officer Aubrey McClendon.
A report said merger and acquisition transactions fell in the Asia-Pacific region caused by a slowing in the energy and raw materials sectors.
Louisiana-based big utility Entergy Corp ended its plans to transfer its high-voltage power lines to independent electricity transmission firm ITC Holdings Corp after Mississippi regulators rejected the deal.
London-based leveraged buyout firm CVC Capital Partners Ltd told investors it plans to exit its remaining stake in North American travel chain Pilot Travel Centers LLC.
Australia-based oil explorer Senex Energy Ltd has made a preliminary offer to buy and merge with AWE Ltd, according to two sources familiar with the matter.
US-based oil and gas company BreitBurn Energy Partners LP has announced a definitive agreement to acquire oil and gas properties in Texas' Permian Basin for an estimated $282 million.
According to Bloomberg, chemical firm BASF said it will be selling some North Sea oil and gas assets to MOL Hungarian Oil & Gas in a deal worth $375 million.
Philippines-based oil firm Trans-Asia Oil and Development Corp has agreed to acquire an unspecified amount of shares worth PHP136 million in Frontier Oil Corp next year, the latter said in a stock exchange disclosure.
