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Energy - 1996

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1996


London Electricity has agreed to a £1.3bn takeover bid by Entergy of the US, a deal intended to help Entergy develop into a global energy group.
19-Dec-1996


CalEnergy of the US has been given UK government approval to go-ahead with its £782m hostile takeover bid for Northern Electric.
14-Dec-1996


Dominion Resources has announced a £1.3bn agreed takeover bid for East Midlands Electricity, although it is not clear whether the deal will be referred to the Monopolies & Mergers Commission.
14-Nov-1996


Abbot Group, the oil services company, is acquiring Nabors Europe for £25m in order to expand its development drilling operations.
19-Oct-1996


Premier Oil is to acquire Discovery Petroleum of Australia for £46m, a move which will increase its presence in south-east Asia as well as marking a first step into Australia.
24-Sep-1996


Premier Oil has acquired Sumatra Gulf Oil, the Indonesian oil and gas concern, from Chevron for $72m.
21-Sep-1996


RJB Mining is planning to spend £300m developing a deep coal mine in Nottinghamshire, which will produce 3m tonnes of coal a year and employ 300 people.
10-Sep-1996


Royal Bank Development Capital has bought P&O Oilfield Services, the supplier of drilling equipment in the North Sea, from Peninsular & Oriental Steam Navigation for £37m.
04-Sep-1996


Able UK is to convert a Hartlepool shipyard into a dismantling centre for used offshore oil and gas structures, creating 400 jobs over five years.
22-Aug-1996


RJB Mining has applied for council permission to open an open-cast 1.6m tonne coal mine at North Walbottle near Newcastle upon Tyne, which would create 70 jobs.
19-Jul-1996


British Borneo Petroleum Syndicate has acquired Unocal North Sea Exploration from Unocal International for £15m.
12-Jul-1996


International Energy Group of the Channel Islands is to buy Douglas Gas, the Isle of Man-based LPG importer, for £15m.
20-Jun-1996


Clyde Petroleum is to buy Crusader, the Australian exploration concern, for £91m.
17-May-1996


Midlands Electricity has agreed to a £1.73bn takeover bid from Avon Energy, a company set up by General Public Utilities of New Jersey and Cinergy of Cincinnati.
08-May-1996


Dragon Oil of Dublin is planning a reverse takeover of Larmag Energy Assets, funded by a £50m placement.
08-May-1996


Hardy Oil & Gas has sold Hardy USA to a subsidiary of Enron for £118m in order to cut borrowings, acquire new assets and expand existing interests.
16-Apr-1996


Rackwood Mineral Holdings, the coal company, is to buy Cory Coal, the coal distributor, for £2m, and DS Supplies, the opencast mining company, for £1.9m.
03-Apr-1996


Burmah Castrol has sold its Swedish service station business to Norsk Hydro Olje for £24m.
26-Mar-1996


PowerGen is planning to build a gas-fired power station in Lanarkshire in two phases, each with 350MW capacity, creating 700 construction jobs and 35 permanent ones.
07-Mar-1996


British Nuclear Fuels is to build a £100m R&D centre at Sellafield, creating 200 jobs during construction.
30-Jan-1996


Tractebel of Belgium is looking at possible acquisitions in the UK, prompting rumours that it may be looking at Midlands Electricity.
23-Jan-1996


British Gas and Hydro-Electric are to build a £315m 755MW gas-fired power station at Avonmouth, with Siemens winning the construction contract.
23-Jan-1996


Calor Group is acquiring a 49% stake in the Brazilian LPG distributor, Supergasbras Distribuidora de Gas.
03-Jan-1996