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Maritime News

DP World Hires Banks for $1 Billion Bond

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By Archana Narayanan and Alaa Shahine (Bloomberg) --DP World Plc is hiring banks to raise about $1 billion of bonds to finance the acquisition of Topaz Energy & Marine Plc, according to three people with knowledge of the plans. The world’s largest port operator may kick off the sale as early as this week, said two of the people, asking not to be identified because the … [Read more...]

DP World Acquires Topaz for $1 Billion

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Dubai-based port operator DP World has acquired 100 percent of offshore services provider Topaz Energy and Marine for a purchase price of more than $1 billion. Topaz operates a diversified fleet of 117 offshore vessels predominantly in the Caspian Sea, the Middle East and North Africa, and West Africa regions. DP World highlighted the Caspian Sea region as of particular … [Read more...]

Takeover Battle: Occidental Offers $57 Billion for Anadarko, Topping Chevron

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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

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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...]