Company News: Williams sells more than $100 million in assets

Major US energy companies and majors continue selling off assets to improve their balance sheets and their property portfolios.Williams Cos. Inc., Tulsa, announced sale agreements worth more than $100 million involving the divestment of assets in its midstream, energy marketing, and risk management businesses.ChevronTexaco Corp. plans to sell up to $2 billion in nonstrategic assets each year during the "next few years," Chairman and CEO David J. O'Reilly told analysts during an Aug. 1 meeting in New York.In recent upstream moves:Indonesia President Megawati Sukarnoputri authorized state oil company Pertamina to take the necessary legal actions toward becoming a limited liability compa...

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