YPF takeover would put Repsol in oil's big league

Article Abstract:

Repsol SA's unsolicited offer of $13.5 billion to acquire YPF SA is expected to make the Spanish-based company one of the leading oil firms in the world. Repsol, a oil, gas, and chemical group, made its unexpected bid to acquire the 85% of YPF it does not already own. Repsol decided against demand for a bylaw change at YPF that would have made it possible to gain control of the company by way of an exchange of shares.

Comment:

Repsol makes unsolicited offer of $13.5 billion to acquire YPF SA

Petroleum, Petroleum and Coal Products Manufacturing, Argentina, Spain, Petroleum industry, Abstract, Repsol YPF S.A. (Madrid, Spain), YPF S.A.

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PGS to acquire Veritas DGC in stock deal

Article Abstract:

Petroleum Geo-Services ASA has reached a deal to acquire Veritas DGC Inc. The deal, which forms the second-largest geophysical data provider for the energy sector, is valued at approximately $780 million (885.9 million euros).

Oil and gas exploration services, Oil & Gas Field Exploration Svcs, Support Activities for Oil and Gas Operations, Natural gas field exploration services, Oil field exploration services, Petroleum Geo-Services ASA, PGO, Veritas DGC Inc., VTS

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Aker Maritime will sell Deepwater unit to Coflexip

Article Abstract:

Aker Maritime ASA announced that it will sell off its Deepwater Co. division in the US to Coflexip Stena Offshore. The unit will be sold for approximately $625 million (745 million euros).

France, Oil and gas field machinery, Oilfield Machinery, Oil and Gas Field Machinery and Equipment Manufacturing, Oil and Gas Field Services, Oil and gas field equipment industry, Oil field equipment, Aker Maritime A.S.A, Deepwater Co., Coflexip Stena Offshore

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