Top Oil Drilling Companies to Merge
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Transocean Inc. and the GlobalSantaFe Corporation said today that they would seek to consolidate their lead in a fast-growing market.
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ANCHORAGE (Bloomberg News) â Royal Dutch Shell, the oil company, offered to pay $2.1 billion in an oil and natural gas lease sale, becoming the biggest bidder for the rights in the Chukchi Sea off the coast of Alaska.
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A merger of Norway's two largest companies is to create the world's leading offshore oil and gas operator with a market value of almost Â£50bn.
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Royal Dutch/Shell Group, ending a century-old ownership structure, will combine its parent companies in the UK and Netherlands to rebuild investor confidence after writing down its reserves four times this year.
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The oilfield services provider National Oilwell Varco said on Monday that it had agreed to buy the drilling-products maker Grant Prideco Inc., further consolidating the drilling sector.
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The merger of the energy operations of Norway's oil giant Statoil and Norsk Hydro is approved by shareholders.
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A major re-ordering of South Africa&#39;s gold mining industry is expected to get under way today with Gold Fields of South Africa poised to announce a multi-billion dollar merger with one of its big Johannesburg-based rivals, most likely Harmony Gold.
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As mergers surge, which deals will work out?
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Country's largest utility to be created in a merger with Public Service Enterprise Group.
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The French state-owned company Gaz de France announced that it would merge with the utility Suez to create one of the worldâs largest energy groups.
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Halliburton, the oil field services provider, said yesterday that it would complete its separation from KBR Inc. by offering current stockholders the remaining 81 percent stake in KBR, its former subsidiary.
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Nova Chemicals Corp., Canada&#39;s largest chemical maker, agreed to merge its European styrenics polymers business in a 50-50 joint venture with BP Plc, Europe&#39;s largest oil company.
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10 companies with the urge to merge, but which deals will be the ones to work out?
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LONDON/AMSTERDAM  - Oil major Royal Dutch/Shell  Group said it was merging its Dutch and British holding  companies as it seeks to address failings that led to a shock  downgrade in proven oil reserves.
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Transocean Inc. , the world's largest offshore driller, said on Monday it would buy smaller rival GlobalSantaFe Corp. , creating a $53 billion company with a presence in ultra-deepwater and deepwater drilling and additional growth from new rigs.
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Norwegian petroleum companies Statoil ASA and Norsk Hydro ASA elbowed into the global fray for oil yesterday with a plan to form a state-controlled giant that would be the world's largest offshore oil producer.
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The Royal Dutch/Shell Group of Cos. unveiled plans Thursday for its two holding companies to merge after nearly a century, a response to a scandal over its downgrading of oil reserves, and said third-quarter earnings doubled.