Anadarko Petroleum: Two Big Deals on the Table
Anadarko Petroleum (NYSE:APC), an American-based gas and oil explorer, and Indian billionaire electronics magnate Venugopal Dhoot are holding an auction for a 20 percent stake in a natural gas field in Mozambique, Reuters is reporting.
Sources familiar with the matter said the deal could be worth about $4.5 billion, and it is expected to attract bids from some of the largest gas companies on the globe. Bids are due by March 14. PetroChina and Exxon Mobil Corp (NYSE:XOM) are among the suitors expected to submit proposals. Royal Dutch Shell (NYSE:RDSA) is also interested, the sources added.
Shell’s interest in the field is no surprise. The company has already missed out on a stake of the same field, when a takeover battle for Cove Energy fell through. Additionally, Shell recently announced that it would be suspending its drilling operations in the Arctic regions for the remainder of 2013. Last year, Thailand state oil company PTT Energy trumped Shell to take control of Cove Energy and its 8.5 percent stake in the field for $1.9 billion…