Company News: Producers to buy Kerr-McGee’s North Sea assets

08/15/2005
Maersk Olie & Gas AS, Copenhagen, plans to buy most of Kerr-McGee Corp.’s North Sea assets for $2.95 billion. The UK’s Centrica PLC agreed to buy four North Sea fields and exploration acreage from the Oklahoma City producer for $566 million.In other recent company news:• Total SA plans to acquire Deer Creek Energy Ltd., Calgary, for $1.11 billion as part of its strategy of expanding heavy oil operations.• El Paso Production Holding Co. plans to acquire the privately held Medicine Bow Energy Corp. for $814 million.• Whiting Petroleum Corp., Denver, plans to buy the oil and gas assets of Celero Energy LP, Midland, Tex., in two separate agreements worth a...
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