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Posts on ‘February 17th, 2013’

Shell misses out on £1.4bn French deal

Royal Dutch Shell is poised to miss out on a £1.4bn acquisition of French oil explorer Maurel & Prom.

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Royal Dutch Shell was reported last June to have been interested in buying the Paris-listed business, which has assets in Africa and Latin America. Photo: BLOOMBERG NEWS

Ben Harrington By   Sunday 17 Feb 2013

State-backed Indonesian company Pertamina has made an indicative offer for Maurel & Prom and is in talks to buy the business, City sources claimed.

Royal Dutch Shell was reported last June to have been interested in buying the Paris-listed business, which has assets in Africa and Latin America.

However, sources said Pertamina is working with bankers from Societe Generale on a takeover and could be willing to offer up to €19 (£16) a share for the company. The Indonesian group is said to be hungry for fresh oil and gas reserves because Indonesia became a net importer in 2004 following declining production from its maturing fields and growing consumption from its own economic growth. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Selection of links to Shell related articles: 17 February 2013

Screen Shot 2013-01-31 at 17.38.03Selection of links to current Shell related articles kindly provided by a regular contributor

Heat on Nigeria oil industry as sector chiefs meet: Daily Nation-Major oil industry executives gather in Nigeria’s capital for an annual … by government ministers and top officials from oil majors Shell, Exxon, …

Oil and Gas Feeding Off Each Other While They are Fueling …: Forbes-Oil and natural gas are often found alongside one another, making it … Royal Dutch Shell, meantime, acquired East Resources for $4.7 billion in …

Turkish TPAO and Shell sign agreement on oil exploration in Black …: SteelGuru-Trend reported that Turkish Petroleum Corporation TPAO and the company Shell signed an agreement worth USD 150 million on oil … read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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