AUSTRALIA

Energy Briefs

IN TODAY'S <i>Energy Briefs</i>: UGL backs takeover; Big Oil cuts spending; Chevron trio renewed; Frigate safe; Rosella RL; Climate body backed; Backbencher's claims; Total in South Pars; SA interconnector studied; MEL capital return; Shell criticised; Maersk moves; Apache success; Alber arises; Leviathan delay; Incitec profit; Woodfibre FID; Longreach inquisition; new pipeline manual; Transerv and ADX in halts; and Searle ups Kinetiko stake.

UGL The board of UGL yesterday announced that four of five independent directors had voted to accept the off-market takeover from rival CIMIC, pitched at $3.15 per share. UGL's independent expert,...

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