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Nobel Upstream says buys Shell’s stake in Maclure North Sea field

February 11, 2016

(Reuters) – Nobel Upstream, a privately held British oil explorer, said on Wednesday it had agreed to buy Shell’s 7.59 percent stake in the Maclure North Sea oilfield for an undisclosed sum. The field, operated by Denmark’s Maersk Oil, is located in the British part..

AkzoNobel in talks to acquire BASF’s industrial coatings business

February 11, 2016

AkzoNobel, the leading global producer of paints and coatings, said on Thursday it is in discussions with BASF to acquire BASF’s industrial coatings business. “The strategy of AkzoNobel of driving operational excellence and organic growth includes the possibility to pursue value generating, bolt-on acquisitions,” the..

Engie to sell 15-20 bln eur of assets

February 11, 2016

(Reuters) – French gas and power group Engie plans to sell 15 to 20 billion euros worth of assets over 2016-18, including 7 billion euros ($7.8 billion) in the short term, French newsletter La Lettre de l’Expansion reported on Monday. The newsletter said Engie plans..

What are the implications of Brexit for UK food manufacturing?

February 11, 2016

The UK could vote on its membership of the EU in little more than four months but little attention has been paid to what impact an exit could have on the country’s largest manufacturing sector. Ben Cooper weighs up the issue, speaking to executives from..