COMPANY NEWS: Anadarko offers Canadian unit for sale

Anadarko Petroleum Corp., Houston, is offering subsidiary Anadarko Canada Corp. as its first asset sale to help raise $15 billion to reduce debt from its pending $21.1 billion cash purchase of Kerr-McGee Corp., Oklahoma City, and Western Gas Resources Inc., Denver (OGJ Online, June 23, 2006).In other recent company news: Petro-Canada’s wholly-owned subsidiary Nosara Holdings Ltd. increased its offer for all common shares of Canada Southern Petroleum Ltd. to $11/share from $7.50/share, raising the total value to $177 million. Both companies are in Calgary. Energy Partners Ltd. (EPL), New Orleans, said the board of Stone Energy Corp., Lafayette, La., has accepted its $2.2 billion acqu...

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