Husky Gets Regulatory Approvals to Buy MEG

Tuesday, December 18, 2018

Canadian oil and gas producer Husky Energy Inc said on Tuesday it has received regulatory approvals to buy rival MEG Energy Corp, but MEG has yet to agree on the deal.

In October, Husky made an unsolicited formal offer to buy MEG Energy in a deal valued at C$6.4 billion, in an effort to integrate assets and offset the deep price discounts on Canadian crude.

MEG had rejected Husky's offer. The company could not be reached immediately for comment.

Husky's offer is open for MEG to accept until Jan. 16, 2019, the company said in a statement.


(Reporting by Arundhati Sarkar in Bengaluru; Editing by Shinjini Ganguli)

Categories: Shale Oil & Gas North America Shale Regulations

Related Stories

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Indonesia's Medco Starts Production at Natuna Sea Fields

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

Current News

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com