Davis, based in Houston, is focused on acquisition, exploration and development of domestic oil and gas properties with average production of 1,533 boe/d in fourth-quarter 2015.
"The proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies' activities and the modest increment in market shares brought about by the transaction," the European Commission said.
Dominion will get about 27,500 miles of gas distribution pipelines, 3,400 miles of gas transmission pipeline and 56 billion cubic feet of working gas storage.
BG will now merge with Shell on Feb. 15, nearly two decades after the company was born from British Gas and just a few months after it reached record oil and gas output thanks to new projects in Australia and Brazil.
As many as 83% of shareholders voted in favour and 17% against the deal, one of the largest in the energy sector in the past decade.
Petroceltic, which operates in Algeria, Egypt, Black Sea and the Kurdistan region of Iraq, said in December it hired bankers to conduct a strategic review, including a possible sale, Reuters said.
The firm plans to raise $130 million through the offering of 13 million units sold at $10 per unit, according to Securities and Exchange Commission filings on Jan. 19.
The oil major also said it expected full-year core earnings of $10.4- to 10.7 billion, slightly below a company-provided consensus of $10.8 billion.
The new offer values Canadian Oil Sands at C$8.74 per share, a premium of nearly 17% over the closing price of both stocks on Jan. 15.
Analysts have raised questions whether the deal would be renegotiated or cancelled following a 60% drop in stocks of both companies since Sept. 28.
Huibert Vigeveno will likely oversee hundreds of job cuts as part of 2,800 redundancies already outlined by Shell, which represent roughly 3% percent of the combined group's workforce, Reuters said.
Reuters reported Jan. 12 that in November 2014, Halliburton offered to buy its rival for about US$35 billion in cash and stock, creating an oilfield services behemoth rivalling Schlumberger Ltd.
|E&P||USD 910||Members only||WPX Energy Inc.|
|S&S||USD 247||Members only||Trican Well Service Ltd.|
|Mid||USD 350||Members only||NGL Energy Partners LP|
|Mid||CAD 30||Members only||AltaGas Ltd.|