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Shell is to acquire Enterprise Oil, the exploration company operating in the North Sea, Norway and the Gulf of Mexico, for £3.5bn, and up to 400 jobs will be lost at Enterprise's offices in London and Aberdeen. 03-Apr-2002 Enterprise Oil is reducing the headcount at its London headquarters from 300 to 200, and has also announced a number of deals to increase its activities in the North Sea, Russia and Brazil. 06-Feb-2002 Enterprise Oil has rejected an unsolicited takeover approach said to have come from ENI of Italy, which is expected to cause an increase in interest in the UK oil group. 09-Jan-2002 Enterprise Oil has discovered gas reserves 60 miles north-west of the Hebrides, raising hopes that a west coast oil and gas industry could be developed. 10-Sep-2001 Paladin Resources has acquired the Danish business of Enterprise Oil for £25m. 10-Aug-2001 Enterprise Oil is buying a portfolio of North Sea assets, including stakes in 11 producing fields, from Petrobras of Brazil for £114m. 25-Jun-2001 Enterprise Oil is transferring its corporate headquarters from London to its Aberdeen office, and has also announced plans to spend up to £30m on North Sea exploration this year. 19-Mar-2001 Enterprise Oil is to go ahead with the £400m development of the Corrib offshore gas field, which is 50 miles west of Erris Head in Ireland. 26-Feb-2001 Enterprise Oil is to acquire a stake in the South Pars gas field development in Iran, in partnership with the Petropars subsidiary of the National Iranian Oil Company. 20-Dec-2000 Enterprise Oil has acquired R&B Falcon's exploration interests in the Gulf of Mexico for £84m. 18-Jul-2000 Enterprise Oil has announced a £340m oil development project in Brazil, in partnership with Petrobas and Odebrecht. 27-Nov-1999 Enterprise Oil has announced plans to expand its presence in the Gulf of Mexico by acquiring new licences and setting up joint ventures. 22-Nov-1999 Enterprise Oil has acquired a 7.5% stake in Khanty Mansiysk Oil for £12m, in order to expand its oil exploration activities in Siberia. 20-Oct-1999 Enterprise Oil is looking to acquire assets in the North Sea and the Gulf of Mexico that are expected to be sold by BP Amoco, Exxon and TotalFina in order to meet cost-cutting and regulatory demands. 04-Sep-1999 Enterprise Oil is considering plans to move downstream into the Irish energy market by selling gas from the Corrib field directly to industrial users, and it wants to build a £130m pipeline from the west coast to Dublin. 20-Aug-1999 Enterprise Oil has announced a major gas discovery in the Corrib field off the west coast of Ireland. 13-Aug-1999 Enterprise Oil and Lasmo have called off their merger discussions, apparently due to concerns over how competitive a combined group would be. 31-Mar-1999 Enterprise Oil has announced details of a restructuring programme that will reduce its workforce by 25% and give more autonomy to operations in Aberdeen and abroad. 13-Mar-1999 Enterprise Oil is to shed 160 of its 800 staff in response to low oil prices, and the 400 London-based employees will be hardest hit. 15-Jan-1999 Enterprise Oil is in preliminary merger discussions with Lasmo, which would create a combined oil group valued at about £2.3bn. 11-Jan-1999 Enterprise Oil is to reduce the size of its London head office in order to concentrate its UK operations in Aberdeen. 16-Dec-1998 Enterprise Oil is closing its representative office in Vietnam, reflecting a decline in interest in the country's development prospects at current oil prices. 23-Jul-1998 Enterprise Oil is selling 6% of its North Sea assets to Intrepid Energy North Sea for £158m, and will invest some of the proceeds in a new discovery in the Gulf of Mexico which is estimated to have recoverable reserves of up to 300m barrels of oil equivalent. 23-Jun-1998 A consortium comprising Enterprise Oil, Mobil, and Statoil, and led by Amoco, has announced a large oil discovery in the Donnatello field in the Norwegian section of the North Sea that could contain up to 500m barrels of recoverable oil. 01-May-1998 Enterprise Oil may have to delay development of the Clair field west of Shetland and the Valhall project in Norway because of low oil prices. 06-Mar-1998 Enterprise Oil is said to have made two offshore discoveries - one in the Slyne Trough area west of Ireland and one in the Gulf of Mexico. 02-Mar-1998 Enterprise Oil is selling interests in the Sedgwick and Galley oilfield developments in the North Sea, as well as 18 exploration blocks, to Sumitomo Petroleum for around £35m. 28-Nov-1997 The Beryl Field consortium, which includes Amerada Hess, OMV, Mobil and Enterprise Oil, has acquired interests in three North Sea developments close to the Beryl field from Conoco for about £123m. 21-Oct-1997 Enterprise Oil has won government approval to develop the Pierce field in the North Sea, and has acquired BP's 42.8% stake in the field in exchange for its 24% stake in Amethyst and its 13.5% stake in Ravenspurn North. 27-Aug-1997 Enterprise Oil has set up a $100m joint venture with Enserch Exploration of the US, which covers rights over 80 blocks in the Gulf of Mexico. 02-Jul-1997 BP is swapping its 43% stake in the North Sea's Pierce Field in return for Enterprise Oil's 24% stake in the Amethyst gas field and a 13.5% stake in the Ravenspurn North gas field. 29-Apr-1997 The government has awarded exploration licences for 114 offshore oil and gas blocks, many in the Atlantic to the west of Shetland, with eight going to a consortium of Statoil, Enterprise Oil and Mobil. 08-Apr-1997 Enterprise Oil is planning the full-scale development of oil fields in the southern Apennines in Italy which are said to contain over 10bn barrels of oil. 17-Feb-1997 Enterprise Oil is to fund a $100m drilling programme in the Gulf of Mexico in return for a 50% stake in production, in a joint venture with Pennzoil of the US. 13-Sep-1996 Shell and Enterprise Oil are planning to bid for some of the 15 onshore and offshore oil blocks being offered by the Romanian government this month. 09-Apr-1996 Enterprise Oil expects production to reach 300,000 barrels a day by 1999 with new output from Norway and Italy, and it is looking at further exploration possibilities in Peru, Australia and Vietnam. 15-Mar-1996 Amoco, Enterprise Oil and Amerada Hess are to spend £57m on the development of an oil field 150 miles east of Aberdeen. 13-Feb-1996 Elf Aquitaine and Enterprise Oil have ended their Elf Enterprise Petroleum joint venture, but say there will be no affect on the three North Sea fields run by EEP. 01-Feb-1996 Enterprise Oil's Norwegian partner, Statoil, has reported what could be the biggest find in Danish waters since 1977. 21-Dec-1995 Enterprise Oil is to increase its exploration programme in the second-half, in Italy, SE Asia, Norway and the Seychelles. 08-Sep-1995
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