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British-Borneo Oil & Gas
British-Borneo Oil & Gas has accepted a £788m takeover bid from Eni of Italy, saying it does not have the financial resilience to continue as an independent company.
British-Borneo Petroleum Syndicate is to acquire Hardy Oil & Gas for £294m to create a new company called British-Borneo Oil & Gas, and this could herald the start of a new phase of consolidation in the sector.
British Borneo Petroleum Syndicate has acquired Unocal North Sea Exploration from Unocal International for £15m.