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Petrofac sells remaining 51% of Mexican operations

13 hours ago DieselGasoil Comments Off on Petrofac sells remaining 51% of Mexican operations
9/19/2019 LONDON – Petrofac has signed an agreement to sell its remaining 51% interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco International. The terms of the transaction are substantially the same as the sale of a 49% non-controlling interest to Perenco in October 2018. The transaction is subject to regulatory Read More

Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil

14 hours ago DieselGasoil Comments Off on Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil
9/19/2019 HOUSTON – Talos Energy has entered into two separate agreements with BP and Exxon Mobil related to new exploration opportunities in the U.S. Gulf of Mexico. The Company will work with BP to drill and evaluate the Puma West prospect, located in Talos-owned Green Canyon Block 821, in the fourth quarter of 2019. Additionally, Read More

VAALCO Energy, Inc. Announces Intention to List on the Main Market of the London Stock Exchange

4 days ago DieselGasoil Comments Off on VAALCO Energy, Inc. Announces Intention to List on the Main Market of the London Stock Exchange
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) (“VAALCO” or the “Company”), an independent energy company focused on development and production assets in West Africa, today announces its formal intention to seek a Standard Listing on the Main Market of London Stock Exchange (”LSE”), to complement its existing Listing on the Read More

Volkswagen agrees to Australian settlement over diesel (gasoil) cheating

4 days ago DieselGasoil Comments Off on Volkswagen agrees to Australian settlement over diesel (gasoil) cheating
SYDNEY (Reuters) – Volkswagen (VOWG_p.DE) said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel (gasoil) emissions cheating scandal. FILE PHOTO: A new logo of German carmaker Volkswagen is unveiled at the VW headquarters Read More

Exclusive: WeWork considers dramatic valuation cut in IPO

6 days ago DieselGasoil Comments Off on Exclusive: WeWork considers dramatic valuation cut in IPO
(Reuters) – WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday. Were the We Company to press on with the IPO at Read More

Contango Announces Pricing of $50 Million Common Stock Offering and Concurrent Private Placement

7 days ago DieselGasoil Comments Off on Contango Announces Pricing of $50 Million Common Stock Offering and Concurrent Private Placement
HOUSTON, Sept. 13, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced that it has priced a public offering of approximately 44.7 million shares of its common stock for total gross proceeds (before the underwriting discount and estimated expenses) of $42.5 million. The underwriters have a Read More

Hong Kong exchange falls over 3% after $39 billion takeover bid for LSE

1 week ago DieselGasoil Comments Off on Hong Kong exchange falls over 3% after $39 billion takeover bid for LSE
FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China January 24, 2018. REUTERS/Bobby Yip/File Photo HONG KONG (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK) shares fell more than 3% on Thursday after the bourse unveiled a $39 billion takeover approach to Read More

Hong Kong Exchange faces uphill battle with $39 billion bid for LSE

1 week ago DieselGasoil Comments Off on Hong Kong Exchange faces uphill battle with $39 billion bid for LSE
LONDON (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK) unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) (LSE.L) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles. To prevail, HKEX would have to persuade British politicians and European regulators to abandon Read More

Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE

1 week ago DieselGasoil Comments Off on Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE
LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) made a surprise $39 billion takeover approach for the London Stock Exchange (LSE.L) on Wednesday, aiming to sabotage the LSE’s acquisition of data company Refinitiv and create a global trading powerhouse. The unsolicited approach, a proposal contingent on the LSE ditching its $27 billion Refinitiv deal, Read More