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The information below comes from the UK Activity Report.
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Lasmo Lasmo, the oil exploration company, has accepted a £2.7bn takeover offer from Eni of Italy, which beats a rival bid from Amerada Hess of the US. 22-Dec-2000 Lasmo, the oil exploration and production company, has received a £2.4bn takeover offer from Amerada Hess of the US, which is expected to lead to the loss of 150 jobs from the combined group's worldwide workforce. 07-Nov-2000 Lasmo is looking to dispose of some of its North African oil acreage and reduce the size of its Venezuelan operation. 04-Aug-2000 Lasmo, the oil company, is in discussions with a number of venture capital groups that are said to be interested in taking the company private. 02-Mar-2000 Lasmo is in negotiations to sell its stake in the Inam oil block in Azerbaijan to Shell for about £12m. 06-Dec-1999 Lasmo is selling stakes in two Algerian onshore blocks to ENI of Italy for £27m, as part of a strategy to dispose of its smaller assets. 14-Jul-1999 Lasmo is to acquire stakes in three exploration blocks operated by Unocal in order to build a deep water position off Indonesia. 08-Jun-1999 Lasmo has launched an agreed £550m takeover bid for Monument Oil & Gas, which is expected to generate cost savings of about £7m a year. 05-May-1999 Lasmo is to sell a package of North Sea gas assets to Gaz de France for £90m. 22-Apr-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 is in preliminary merger discussions with Lasmo, which would create a combined oil group valued at about £2.3bn. 11-Jan-1999 PowerGen has agreed to pay £534m to BHP, Monument Oil & Gas and Lasmo, to escape long-term gas supply contracts for its Connah's Quay power station in north Wales. 11-Dec-1998 Lasmo is to cut about 200 jobs in London over the next few months in response to falling oil prices, and its Bishopsgate head office will close. 27-Nov-1998 Lasmo is preparing to cut back its exploration activities and sell more assets in response to the fall in oil prices. 31-Jul-1998 Lasmo is selling its Colombian operations to Petrobras of Brazil for $151m, and is now looking to strengthen its relationship with Petrobras in order to assist with its expansion in Brazil. 25-Jul-1998 Lasmo has announced successful appraisal drilling at the Bhit oil field in Pakistan and at the Elephant field in Libya. 28-May-1998 Shell, Lasmo, Amerada Hess, International Petroleum and Desire Petroleum have begun transporting a rig to the Falkland Islands to search for oil, and operations could start by May. 07-Apr-1998 Lasmo is to withdraw from its Colombian oil exploration business and may also sell its Italian interests, as they are not core areas for the company. 27-Feb-1998 PowerGen is threatening legal proceedings against its partners in the Liverpool Bay gas project, which include BHP Petroleum, Monument Oil & Gas, and Lasmo, due to a dispute over a take-or-pay gas contract signed in 1991. 08-Dec-1997 Lasmo has announced an oil find of "several hundred million barrels" in Libya, and is expected to surrender half to the state oil company under a production-sharing agreement. 31-Oct-1997 Lasmo has won three oil exploration licences in Pakistan's Pab and offshore Indus A and B blocks. 24-Sep-1997 Lasmo has announced the discovery of a new oilfield in the Ghadames Basin in Algeria. 30-Jul-1997 Lasmo has acquired the rights to operate oilfields in the Dacion region of Venezuela at a cost of £278m, a deal which could generate a 50% increase in its output over the next four years. 06-Jun-1997 Lasmo is planning to move into power generation in order to build up more end uses for its gas output. 06-Jan-1997 Lasmo continues to withdraw from mature fields with the sale of Lasmo Nova Scotia to PanCanadian Petroleum for £28m. 17-Nov-1995 Lasmo is selling a 1% stake in the Forties Field and a 15% stake in the Beatrice Field to BP. 10-Nov-1995 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007