Company News - Arawak Energy to buy Siberian, Canadian firms

Most recent merger and acquisition activity in the oil and natural gas industry has involved multinational corporations, while independent firms continue to trade upstream properties within the US and Canada.Arawak Energy Corp., Anguilla, British West Indies, plans to acquire a 50% interest in ZAO PechoraNefteGas of Western Siberia and a 100% interest in Altius Energy Corp., a Canadian company that operates in the Precaspian basin in western Kazakhstan.In other recent upstream news:Austria's OMV AG acquired 51% of state-owned Romanian oil company Petrom SA through a combined direct purchase of 33.34% interest and a simultaneous increase in Petrom's stock.Harvest Energy Trust agree...

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