Company News: Shell offers to purchase Enterprise for $6.2 billion

Shell Resources PLC, a wholly owned member of the Royal Dutch/ Shell Group, announced Apr. 2 an offer to purchase all shares of UK independent Enterprise Oil PLC for £4.3 billion ($6.2 billion). The action, which includes a cash offer of £3.5 billion and assumption of net debt of £800 million, follows months of speculation regarding potential Enterprise suitors.Those suitors included primary candidate ENI SPA, Europe's fourth largest oil company (OGJ Online, Feb. 1, 2002), which said it had been investigating Enterprise-among other companies. BP Group PLC and TotalFinaElf SA had also been mentioned as possible suitors after Enterprise said in late 2001 that it had be...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected