By Jennifer Hiller HOUSTON, April 24 (Reuters) - Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp's $50 billion offer and sparking the first takeover battle for a major oil company in years. The surprise $76-per-share bid comes after Occidental had been trying to woo Anadarko and had made two … [Read more...]
Chevron to Acquire Anadarko in $33 Billion Energy Mega-Merger
By John Benny and Jennifer Hiller April 12 (Reuters) - Chevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion in cash and stock as the company doubles down on its bet on U.S. shale oil and gas production, where the surge in output has made the United States the world's largest energy producer. With oil prices surging this year, Chevron and … [Read more...]
Iconic Shipping Brand MacAndrews Consigned to History Books After 249 Years
By Mike Wackett (The Loadstar) - MacAndrews has become the latest iconic shipping name to be consigned to the history books. CMA CGM has lost no time in establishing recently acquired Finnish intra-European shortsea specialist Containerships as its sector brand, displacing its 249-year-old subsidiary. CMA CGM announced it was “pleased to announce the union of its … [Read more...]
Kongsberg Completes Acquisition of Rolls-Royce Marine
Norwegian technology group Kongsberg Gruppen announced on Monday it has completed its acquisition of Rolls-Royce Commercial Marine (RRCM). Officially part of Kongsberg Maritime, RRCM will operate under the KONGSBERG brand and the Kongsberg Maritime legal entity. Kongsberg Gruppen announced its intention to acquire Rolls-Royce's marine business in July 2018 in a deal … [Read more...]
BW Group Acquires Majority Stake in Epic Gas
Shipping company BW Group announced today it has acquired a majority stake in LPG shipowner Epic Gas and has launched an unconditional offer to acquire the remaining shares of the company. Epic Gas is the largest commercial operator and second largest owner of small pressurized LPG carriers. It has a fleet of 39 vessels ranging from 3,500 to 11,000 cbm that typically serves … [Read more...]