Company News: Chinese, FSU firms in thick of acquisition deals

Acquisitions involving companies in communist or formerly communist countries dominate this week’s company news.Among those transactions:BP PLC said it has completed a transaction with Alfa Group and Access-Renova to increase by 15% its stake in Russian oil and gas firm Sidanco for $375 million. BP now holds 25%, plus one share, in the company–a level that matches its current voting rights, BP said.PetroChina Co. Ltd. has entered into an agreement to acquire all of the Indonesian operations of Devon Energy Corp., Oklahoma City, for $262 million in cash and working capital. The deal is expected to close at the end of this month.The international unit of Williams Cos. Inc., Tulsa...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected