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Energy - 1996
London Electricity has agreed to a £1.3bn takeover bid by Entergy of the US, a deal intended to help Entergy develop into a global energy group.
CalEnergy of the US has been given UK government approval to go-ahead with its £782m hostile takeover bid for Northern Electric.
Dominion Resources has announced a £1.3bn agreed takeover bid for East Midlands Electricity, although it is not clear whether the deal will be referred to the Monopolies & Mergers Commission.
Abbot Group, the oil services company, is acquiring Nabors Europe for £25m in order to expand its development drilling operations.
Premier Oil is to acquire Discovery Petroleum of Australia for £46m, a move which will increase its presence in south-east Asia as well as marking a first step into Australia.
Premier Oil has acquired Sumatra Gulf Oil, the Indonesian oil and gas concern, from Chevron for $72m.
RJB Mining is planning to spend £300m developing a deep coal mine in Nottinghamshire, which will produce 3m tonnes of coal a year and employ 300 people.
Royal Bank Development Capital has bought P&O Oilfield Services, the supplier of drilling equipment in the North Sea, from Peninsular & Oriental Steam Navigation for £37m.
Able UK is to convert a Hartlepool shipyard into a dismantling centre for used offshore oil and gas structures, creating 400 jobs over five years.
RJB Mining has applied for council permission to open an open-cast 1.6m tonne coal mine at North Walbottle near Newcastle upon Tyne, which would create 70 jobs.
British Borneo Petroleum Syndicate has acquired Unocal North Sea Exploration from Unocal International for £15m.
International Energy Group of the Channel Islands is to buy Douglas Gas, the Isle of Man-based LPG importer, for £15m.
Clyde Petroleum is to buy Crusader, the Australian exploration concern, for £91m.
Midlands Electricity has agreed to a £1.73bn takeover bid from Avon Energy, a company set up by General Public Utilities of New Jersey and Cinergy of Cincinnati.
Dragon Oil of Dublin is planning a reverse takeover of Larmag Energy Assets, funded by a £50m placement.
Hardy Oil & Gas has sold Hardy USA to a subsidiary of Enron for £118m in order to cut borrowings, acquire new assets and expand existing interests.
Rackwood Mineral Holdings, the coal company, is to buy Cory Coal, the coal distributor, for £2m, and DS Supplies, the opencast mining company, for £1.9m.
Burmah Castrol has sold its Swedish service station business to Norsk Hydro Olje for £24m.
PowerGen is planning to build a gas-fired power station in Lanarkshire in two phases, each with 350MW capacity, creating 700 construction jobs and 35 permanent ones.
British Nuclear Fuels is to build a £100m R&D centre at Sellafield, creating 200 jobs during construction.
Tractebel of Belgium is looking at possible acquisitions in the UK, prompting rumours that it may be looking at Midlands Electricity.
British Gas and Hydro-Electric are to build a £315m 755MW gas-fired power station at Avonmouth, with Siemens winning the construction contract.
Calor Group is acquiring a 49% stake in the Brazilian LPG distributor, Supergasbras Distribuidora de Gas.