Balfour Beatty bids $93m for UK Alkane
A subsidiary of Balfour Beatty, Barbican Bidco, has made a £61.37mn ($93m) bid for AIM-listed UK gas and power producer Alkane
The offer represents a premium of 44% to the closing price on 15 September and Alkane said it has accepted it as fair and reasonable. Last year it reported a pre-tax profit of £3.2m on revenues of £16.0m. The offer is conditional on the UK energy ministry confirming in writing that it does not intend to revoke any of Alkane’s exploration and development licenses. Alkane swapped its shale exploration licenses for 18% of Egdon Resources last year, leaving Egdon responsible for all the operational costs while Alkane receives the benefit of any upside from Egdon’s shale production. Balfour Beatty Infrastructure Partners (BBIP) managing partner Rob Gregor says the attraction lay in Alkane’s indep
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
