COMPANY NEWS: BP negotiates international refining, marketing deals

07/23/2001
Oil and gas companies' recent merger and acquisition activity involved various international transactions. BP PLC was a player in two separate deals as the British oil and gas company hones its global refining strategy. BP plans to sell some US refining assets while buying into the German fuels market.In the latest flurry of M&As:BP agreed to sell its Salt Lake City and Man- dan, ND, refineries and associated assets to Tesoro Petroleum Corp., San Antonio, for $677 million, excluding working capital.BP agreed to buy a majority stake in Veba Oel AG in a deal arranged as two joint ventures between BP and Veba's owner, E.On AG. BP will take 51% and operational control of the subsidiar...
read-story

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