Company News: Pogo to acquire Unocal’s Canadian E&P assets

07/18/2005
Pogo Producing Co. agreed to acquire Northrock Resources Ltd., a wholly owned Canadian subsidiary of Unocal Corp., for $1.8 billion in a move that will give Pogo a new core area in western Canada.In other recent company news:• Royal Dutch/Shell Group and Russian gas monopoly OAO Gazprom signed a memorandum of understanding to swap shares in western Siberia’s Zapolyarnoye field and the Sakhalin II project.• Gazprom and independent gas producer OAO Novatek, Moscow, announced a partnership in which they will jointly work on gas production facilities, gas pipelines, and petrochemical plants.• Pioneer Natural Resources Co., Dallas, has agreed to acquire properties in...
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