Nexus Energy denies Shell, ConocoPhillips takeover talks

The Australian newspaper yesterday reported that Nexus Energy could sell its assets or even the whole company either to Shell or to ConocoPhillips.

However, Nexus Energy has issued a press release saying it is “not in discussions with Shell or ConocoPhillips in relation to any potential transaction, nor is the Company aware of any potential approach from Shell or ConocoPhillips.”

“Further, as previously announced, the Company continues to advance its strategic review processes with the objective of unlocking value to achieve the optimum outcome for shareholders. As part of this review, the Company has been actively engaged with a number of third parties in pursuing a range of strategic options. The outcome of the Company’s strategic review process is not yet complete and will be announced to the market once concluded. The Company is mindful of its continuous disclosure obligations under the ASX Listing Rules,” Nexus Energy said.

The Australian wrote that Shell could be interested in buying Nexus Energy because the latter owns the Crux offshore field, located near Shell’s Prelude field, off the coast of W. Australia.

 

Offshore Energy Today Staff, February 14, 2014

 

 

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply