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

08/18/2003
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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