Tag: Total Energy
Total US energy production falls in 2016 after 6 years of increases
US gross energy imports increased 7% from 2015 to 2016 US primary energy production totaled 84.1 quadrillion British thermal units (Btu) in 2016, falling 4 per cent from the 2015 level, the first annual decline in US energy production since 2009, according to the US Energy Information Administration. The decline in production coincided with an increase […]
Savanna Energy acquisition turns hostile as Total buys outstanding shares
Savanna Energy calls Total’s offer “inferior” to Western’s Total Energy Services Inc. announced in connection with its previously announced offer to purchase all of the issued and outstanding common shares of Savanna Energy Services Corp., it has purchased through the TSX, 35,000 Savanna Shares. All of the shares were purchased on March 16, 2017, according […]
Savanna Energy increases acquisition purchase price from Western Energy
Savanna Energy reiterates rejection of offer from Total Energy Savanna Energy Services Corp. announced that Western Energy Services Corp. has increased the consideration payable pursuant to its previously announced acquisition of common shares of Savanna, according to a press release. It now includes the payment of $0.21 in cash per Savanna Share in addition to the […]
Savanna Energy rejects Total Energy Services’ buyout offer
Savanna Energy says it received offers from other bidders Dec 23 (Reuters) – Savanna Energy Services Corp said on Friday its board unanimously rejected an unsolicited buyout offer from fellow oilfield services provider Total Energy Services Inc as it “significantly” undervalued the shares of the company. Calgary-based Savanna Energy said the offer, for 0.13 of […]
Total sees bargain buy in Chesapeake Barnett shale assets
Chesapeake Barnett shale produces about 65,000 boe per day By Bate Felix PARIS, Sept 9 (Reuters) – French oil and gas company Total will increase its exposure to U.S. shale gas by buying 75 percent of Barnett Shale assets from Chesapeake, taking advantage of a far lower price than it paid for its original 25 […]
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