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

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation…

read more >

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

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