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Energy - 1997

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1997

1996


BNFL, the fuel reprocessor, and Magnox Electric, the nuclear power station operator, have merged to complete the restructuring of the UK nuclear industry, and about 10% of their combined workforce of 16,000 could be lost.
23-Dec-1997


Powell Duffryn has sold Eurogas, its liquefied heating fuel subsidiary, to Calor Gas for £13.5m.
21-Nov-1997


Greenway Holdings, the oil recycling company, has acquired Lanstar's hydrocarbons division for £1.2m, in order to increase its feedstock levels.
19-Nov-1997


National Power has awarded a £450m contract to ABB Power Generation to build a 1,500MW gas-fired power station at Staythorpe near Newark, creating 1,000 construction jobs.
07-Oct-1997


BG is to sell Pipeline Integrity International, its pipeline maintenance business, to Mercury Asset Management for undisclosed terms.
27-Sep-1997


Shell Oil is acquiring Tejas Gas, the gas pipeline, processing and storage company that operates in Oklahoma, Texas, and Louisiana, for £900m.
25-Sep-1997


South Western Electricity and Amerada Hess are merging their new gas sales operations in order to provide stronger competition to Centrica in the deregulated domestic gas market.
02-Sep-1997


Dana Petroleum has made an agreed £54m bid for Seafield Resources, the oil exploration and production company with interests in the UK and west Africa.
01-Aug-1997


Ramco Energy is acquiring JKX, the oil explorer that operates in Georgia and Ukraine, for £54m, and is expected to look for a big oil company to help operate the Ukranian assets.
24-Jul-1997


Hyder aims to attract about 800,000 customers when the Welsh domestic gas market is opened up to competition, and will recruit about 200 new staff to its Swalec Gas business.
25-Jun-1997


PacifiCorp of the US has launched a £3.65bn recommended offer for Energy Group, although some analysts fear it may be referred to the Monopolies & Mergers Commission.
14-Jun-1997


Coal Products Holdings has acquired British Fuels, the coal, oil and gas distributor, for £32m, giving it national coverage for the first time.
04-Jun-1997


PowerGen is linking up with Siemens to build a £150m centre for the demonstration of combined cycle gas turbine technology at the Cottam power station in Nottinghamshire.
08-May-1997


Eni, the Italian oil and gas group, is planning a corporate restructuring which will involve moving part of its international business from Milan to London, in an effort to become a true multinational.
25-Apr-1997


Melrose Energy is changing its name to Pentex Energy and selling its oil and gas businesses and US interests for £13.6m.
08-Apr-1997


United Utilities has announced the disposal of Norweb's US generation interests to Indeck North American Power Fund for £25m.
08-Apr-1997


Yorkshire Electricity has received a £1.5bn agreed takeover bid from American Electric Power and Public Service Company of Colorado, but the deal will now require regulatory approval.
25-Feb-1997


Gulf Canada has won control of Clyde Petroleum with a £494m cash offer, and job cuts are now likely.
19-Feb-1997


British Gas has been demerged into two new businesses - Centrica, the domestic gas trading and supply operation, and BG plc, the pipeline and international exploration and production operation.
13-Feb-1997


Core Laboratories of Texas has acquired Scott Pickford, the UK oil consultancy, for £7.5m.
08-Feb-1997


OGC International has recommended a £73m takeover bid from Halliburton, the US energy services company.
30-Jan-1997