COMPANY NEWS: Teekay Shipping to acquire Statoil's Navion unit

12/23/2002
Teekay Shipping Corp. inked an agreement to acquire from Norway's Statoil ASA its Navion ASA shipping and offshore business unit for $800 million. In late 2001, Statoil had acquired full ownership of Navion after purchasing Rasmussen Group's 20% share in the company for $175.4 million (OGJ Online, Sept. 4, 2001).In other recent company news:Chesapeake Energy Corp. of Oklahoma City signed an agreement to acquire US Midcontinent natural gas assets for $300 million through the acquisition of a wholly owned subsidiary of Tulsa-based Oneok Inc.EnCana Corp., Calgary, will acquire Vintage Petroleum Inc.'s indirect wholly owned Ecuadorian business unit, Vintage Oil Ecuador SA, for $14...
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