COMPANY NEWS: Gazprom gets 51% of new JV with Lukoil

11/27/2006
OAO Lukoil Holdings ceded control of a joint venture for new projects to state-controlled OAO Gazprom’s oil subsidiary, Gazprom Neft.“Gazprom is our big brother; the big brother must have 51%,” Lukoil Chief Executive Vagit Alekperov told reporters during a Nov. 17 news conference in Moscow.In other recent company news: JED Oil Inc., Calgary, said JMG Exploration Inc., an affiliate incorporated in Nevada, has decided to abandon plans in which JED would have acquired JMG. Isramco Inc., Houston, agreed to buy certain oil and gas properties in Texas and New Mexico from Five States Energy Co. LLC, Dallas, for $100 million. Closing is scheduled for Jan. 20, 2007. Serica Energy...
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