EC approves Statoil's Algeria acquisitions from BP

01/05/2004
The European Commission has approved Statoil ASA's $750 million agreement to acquire 49% of BP PLC's interest in the In Salah dry gas project and 50% of its interest in In Amenas gas condensate field, both in Algeria.Sonatrach, Algeria's state oil and natural gas company, approved the deal in October (OGJ, July 21, 2003, p. 37).Meanwhile, the In Salah portion of the deal had to be submitted to the EC, which concluded that the change in control complies with European Union regulations.In other upstream news:Chesapeake Energy Corp., Oklahoma City, announced three transactions in which it will pay a total of $510 million for oil and gas assets in the US Midcontinent, Permian basi...
read-story

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