BP Amoco strikes tentative deal in Alaska

BP Amoco PLC struck a deal with Alaskan authorities that is expected to clear the way for its takeover of ARCO, but completion is now thought unlikely to be achieved by yearend, as intended.BP Amoco's planned $26.8 billion absorption of ARCO has been approved by the European Union, but the move raised concerns with Alaskan authorities over dominance by one company of the state's exploration and production assets (OGJ, Nov. 1, 1999, p. 27).Ahead of the agreement, Alaska Gov. Tony Knowles urged US Federal Trade Commission regulators to block BP Amoco's acquisition (OGJ, Nov. 8, 1999, Newsletter). But after the deal was clinched on Nov. 5, Knowles acknowledged that it would be to th...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected