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OGJ Newsletter

02/01/2010
General Interest — Quick TakesPartners block part of Maersk's acquisitionMaersk Oil said its agreement to buy Devon Energy Production Co. LP's interests in the Gulf of Mexico Cascade and St. Malo fields is off because partners declared preferential purchase rights in those fields.Stakes in those two fields were part of a $1.3 billion transaction involving three fields that Devon announced last year (OGJ, Nov. 23, 2009, p. 34).When the transaction was first announced, Maersk and Devon said the deal was subject to a waiver of preferential purchase rights by other partners in the fields. Maersk might still buy a stake in Jack field from Devon.In a news release issued late Jan. 22, Maer...
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