Company News: DONG to buy stake in Ormen Lange gas-condensate field

12/13/2004
Dansk Olie & Naturagas AS (DONG) plans to acquire BP PLC's 10.34% stake in Ormen Lange gas and condensate field on the Norwegian continental shelf for $1.2 billion.In other recent company transactions:TGT Pipeline LLC, a subsidiary of Loews Corp., New York, agreed to buy an 8,000-mile interstate natural gas pipeline system from Entergy-Koch LP for $1.136 billion.Canadian Natural Resources Ltd. (CNR), Calgary, announced plans to buy a western Canadian subsidiary from Anadarko Petroleum Corp., for $698 million (Can.).Range Resources Corp., Fort Worth, plans to drill 100-150 new wells in West Virginia and Virginia in 2005 on $219 million of Appalachian basin properties it is acquiring fr...
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