Greek Oil Transporter OKs Acquisition
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Stelmar Shipping Ltd., a Greece-based oil transporter, Monday said it has agreed to be acquired by affiliates of Fortress Investment Group LLC about $677 million.
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France's Geophysique agrees to buy Veritas DGC, turning it into the world's biggest provider of oil search services.
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Valero LP (VLI.N: Quote, Profile, Research) agreed to buy Kaneb Services LLC (KSL.N: Quote, Profile, Research) and Kaneb Pipe Line Partners LP (KPP.
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The Russian Competition Institution has approved the sale of Baykal Finans Group, which had purchased Yuganskneftgaz, the main oil production of Yukos, to state company Rosneft.
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MOSCOW  - Directors of Gazprom, the largest natural gas company in the world, approved the creation of an oil holding company Friday, setting the stage for the creation of a state-controlled oil and gas giant.
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Greek shipping company Stelmar  Shipping Ltd. SJH.N on Monday agreed to be acquired by  shipbuilder Overseas Shipholding Group Inc. OSG.N for $843  million, after two previous bids for the company failed.
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Greek shipping company Stelmar Shipping Ltd. (SJH.N: Quote, Profile, Research) on Monday agreed to be acquired by shipbuilder Overseas Shipholding Group Inc.
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An oil company controlled by the Russian government, Rosneft, said yesterday that it had bought the company that had won Sunday&#39;s auction for the largest subsidiary of the oil giant Yukos.
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Divers found a six-foot gash in one of seven cargo tanks on the Greek-owned tanker that leaked 30,000 of crude oil into the Port of Philadelphia, spokesmen for the Coast Guard and the vessel&#39;s owner said Sunday.
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Australian company trumps hostile bid from Alcoa with $43B friendly offer.
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London-listed energy group JKX Oil and Gas has said that its Ukrainian unit had signed a deal to supply gas to Anglo-Dutch giant Royal Dutch Shell.
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RESOURCES giant Xstrata announced its first triumph in its $7.4 billion takeover bid for WMC Resources yesterday - the purchase of 173,954 shares.
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Natural gas distributor Enbridge Inc. announced a US$613-million buy south of the border on Tuesday that establishes it as a major gas transporter in the Gulf of Mexico.
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Private equity firm Fortress  Investment Group LLC agreed to buy Stelmar Shipping Ltd. for  $677 million only a few months after the oil tanker operator  fended off a hostile bid from its rival OMI Corp. OMM.N,  Stelmar said on Monday.
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British energy giant BP has announced the sale of its refinery in Coryton, southeastern England, to Swiss petroleum company Petroplus for 1.4 billion dollars (1.07 billion euros).
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The Dutch government is taking control of its country&#39;s gas transport network in a deal that analysts say will boost competition in the Netherlands and ease the way for the creation of a single European gas market.
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BP said it had agreed to buy Chevronâs manufacturing company in the Netherlands, Texaco Raffinaderij Pernis, for about $900 million, excluding working capital and hydrocarbon inventory. BP will acquire Chevronâs 31 percent minority shareholding in the Netherlands Refining Company as well as Chevronâs stake in the jointly owned wind farm located at the refinery; shareholdings in the nearby crude oil terminal and storage facility; and a number of associated pipelines. The deal, which is expected to be completed during the first half of the year, would make the refinery a 100 percent BP- owned asset.