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Posts Tagged ‘Mega-Mergers’

Slick Shell leaves BP in slipstream

Shell remains interested in a merger – if the terms and conditions are right… Oil battle: The Gulf of Mexico crisis has proved disastrous for BP’s shares, while Shell’s have soared By Hugo Duncan Last updated at 10:42 PM on 28th April 2011 In the battle of the UK super majors, the first leg of [...]

Slick BP could attract a bid from Shell after asset sales

Disaster recovery By Rob Davies Last updated at 1:13 AM on 15th December 2010 BP was the strongest blue-chip riser on the Footsie as talk of a bid in the new year from Royal Dutch Shell resurfaced and the firm raked in nearly £500m by selling assets in Pakistan. Trading in BP reached frenzied levels [...]

BP ‘missed the boat’ on Shell mega-merger, reveals Browne

• BP board in Williamsburg squashed proposals in 2004 • Ex chief claims merger could have been worth $9bn a year • Tie-up with Yukos rejected after ‘untoward’ encounter with Khodorkovsky Terry Macalister Friday 5 February 2010 16.24 GMT Lord Browne claims the merger proposals had the support of his team, which would have included [...]

Should BP and Shell face the future together?

The Times June 10, 2009 Carl Mortished: World business briefing They are earning billions, costs are coming down and the oil price is rising. Having stepped over the crude price trough without serious mishap, the oil majors were well-placed to celebrate an early end to recession. The mood inside the petroleum club ought to be [...]

BP, Oil Stocks May Need ‘Mega Mergers’ to Advance: Chart of Day

April 14 (Bloomberg) — “Only mergers between peers” may lift shares of the world’s largest oil companies any time soon, according to Fadel Gheit, Oppenheimer & Co.’s managing director of oil and gas research.

Oil majors mull mega-mergers as they eye minors

LONDON (Reuters) – Some of the world’s biggest oil companies have shown renewed interest in merging with rival majors during talks about buying smaller producers to increase their reserves, a banker close to the discussions said.

Conditions ripe for a reshuffle of energy sector pack

A “mega-merger”, between BP and Royal Dutch Shell, for example, would be a phenomenally complex transaction, creating a company with almost 200,000 employees and rousing huge political and antitrust concerns.