Sound Oil drops bid for Antrim

Sound Oil has withdrawn its proposed public offer for the entire share capital of UK North Sea specialist Antrim Energy.

Offshore staff

LONDON – Sound Oil has withdrawn its proposed public offer for the entire share capital of UK North Sea specialist Antrim Energy.

It made the offer in late November. However, in light of thefalling oil price and the resultant reduction in demand for deepwater exploration, the company has decided not to proceed at this time.

01/14/2015

More in Company News