BP Amoco-ARCO merger hits snags in Alaska; concessions required
Since BP Amoco PLC announced its planned takeover of ARCO in early April, the company has made few public pronouncements about the deal, which is pending approval by US, Alaskan, and European authorities.
Protesters file suit over development of Northstar field
On Oct. 21, environmental campaign group Greenpeace and a number of Inupiat activists from Alaska's North Slope area filed a lawsuit in the US in a bid to prevent BP Amoco PLC's planned Northstar field development.
BP Amoco gas unit to buy Canada's ProGas
In a move to strengthen its North American gas portfolio, the recently formed gas and power division of BP Amoco PLC bought for an undisclosed sum the shares in ProGas Ltd., Calgary, that it did not already own.
TotalFina completes exchange offer for Elf
TotalFina SA has acquired 95.93% of Elf Aquitaine SA's total capital stock, following the close of its public exchange offer for its long-time rival.
Syntroleum unveils hydrate recovery process
Collecting and recovering methane hydrates-the ice-like solids formed by the entrapment of natural gas molecules in ice at very low temperatures-and doing so economically has long been a major challenge for the oil and gas industry.
Thai Oil Co. launches huge debt restructuring
After some delays, key creditors have finally reached a milestone agreement to accept Thai Oil Co.'s $2.25 billion proposed debt-restructuring plan.