French group CGG eyes 3.1-bln-dlr takeover in oil service sector
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French geological services group CGG has said that it would buy US-based rival Veritas DGC for 3.1 billion dollars (2.4 billion euros) to create a world leader in the booming oil and gas services sector.
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French oilfield services group   Compagnie Generale de Geophysique (CGG) and Texas-based Veritas   DGC Inc. said on Tuesday that CGG agreed to buy Veritas in a   cash and stock deal worth about $3.1 billion.
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French conglomerate wants to build its presence in domestic telecom market, confirming talks.
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What could be a major discovery of domestic oil in the Gulf of Mexico was announced today by a trio of companies led by Chevron Corporation.
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Bond trader Cantor Fitzgerald is  combining its electronic brokerage eSpeed , which has  been a takeover target, with its BGC Partners inter-dealer  broker into a new publicly listed company in a $1.3 billion  deal.
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CenGroup Petroleum Corporation (Pink Sheets: CPCO)  today announced the selection of three inaugural sites to begin its oil  recovery program.
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The deal will create a global offshore oil giant Energy firms Statoil and Norsk Hydro have unveiled plans to merge their offshore oil and gas operations, creating a global industry giant.Comment
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The French parliament has opened debate on a controversial bill allowing the privatization of gas utility GDF, ahead of a merger with energy group Suez and amid a row over whether the deal would create or cost jobs.
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A private equity consortium led by Brookfield Asset Management Inc.   is preparing a takeover bid for Canadian Pacific Railway Ltd.  that could prove one of Canada's largest leveraged buyouts, the Globe and Mail said citing people familiar with the matter.
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The Canadian government is getting out of the oil-and-gas business by selling off its stake in Petro-Canada for about $3.1 billion.
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Magna International Inc., Canada&#39;s largest auto parts supplier, offered to buy out shares in three units for as much as C$1.3 billion ($1.
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U.S. private equity firm Carlyle Group   is expected to buy Libya's European oil company  Tamoil, Britain's The Business newspaper reported on Sunday,  citing a source close to the deal.
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France is brokering an 80 billion euro ($108 billion) merger of Gaz de France, the state-owned natural gas company, with the energy business of the private utility Suez.
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French oil group Total reported on Wednesday a 3.0-percent fall in net adjusted profit to 12.203 billion euros (14.57 billion dollars), blaming weakness of the dollar.
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NEW YORK, December 27  - Chesapeake Energy (CHK.NYS) announced today that it has agreed to acquire privately held BRG Petroleum Corp for $325 million in cash.
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ConocoPhillips  said it still  expects a long-term compounded annual production growth rate of  3 percent including oil from the partnership with EnCana Corp.  , announced earlier on Thursday.
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Shares in the French oil major Total gained in early trading after the company revealed stronger-than-expected growth at its refining and chemical operations, pushing third quarter net profit above consensus forecasts.