Tesoro Petroleum Corp., San Antonio, has agreed to buy 46 retail fueling facilities in Washington, Oregon, and Idaho from Gull Industries Inc., Seattle. The price was not disclosed. The deal should close in the fourth quarter.
Petroleos de Venezuela SA will supply 4,000 b/d of CITGO gasoline to 103 service stations in Puerto Rico, bringing the number of Puerto Rican stations using CITGO products to 270.
Lundin Petroleum AB said its shares began trading in Stockholm Sept. 6. Lundin Petroleum was spun off from Lundin Oil AB recently.
Abraxas Petroleum Corp. said its offer for Grey Wolf Exploration Inc. was successful (OGJ Online, Apr. 12, 2001).
Petris Technology Inc. and GeoNet Services Inc., both private energy services companies based in Houston, have agreed to merge. Terms were not disclosed. The companies said the deal create a single entity with the capability to integrate, simplify, reduce costs, and expand IT capabilities and options.
Ramarro Resources Inc., Calgary, has acquired two parcels of land in the Medicine Hat area from unnamed sellers. One parcel covers 4,480 acres in the Walsh area of Alberta, while the other covers 4,320 acres in Saskatchewan.
Canadian Hunter Exploration Ltd. has agreed to acquire an unnamed private company with holdings in the Chedderville and Garrington areas of West Central Alberta, near its own holdings. The price was $22.5 million. Canadian Hunter also said it required the remaining interest in Argentinian company Atalaya Energy SA for $13.5 million (OGJ, Mar. 6, 2000, p. 38).
West Oil NL has agreed to farm into Strike Oil's TP/17 permit in the Carnarvon basin of Australia by contributing to the cost of a well on the Altostratus prospect. It will be drilled on the prospect in the second quarter. The permit is 20 km southwest of Stag oil field and 30 km northeast of Harriet oil fields. West Oil also plans a $1.6 million (Aus.) rights issue to fund the Altostratus commitment and continuing Timor Sea exploration.
Precision Drilling Corp., Calgary, said it does not recommend or endorse an unsolicited offer from TRC Capital Corp. to purchase up to 1,750,000 (3.3%) of Precision's issued and outstanding common shares at $39.80/share.
Schlumberger Oilfield Services, part of Schlumberger Ltd., has acquired Kavernen Bau und Betriebs GMBH (KBB) from the Preussag Group. KBB is a consulting firm that specializes in subsurface gas storage.
Lakehead Pipe Line Partners LP has changed its name to Enbridge Energy Partners LP. A spokesman said the renaming signals the repositioning of the partnership to become the primary acquisition vehicle for Enbridge Inc. in the US.
Hydralift ASA, Kristiansand, Norway, has agreed to purchase 32.35% of Dutch company SAS Gouda BV, which supplies equipment for subsea pipelay. The agreement includes an option for purchase of the remaining interest in the company over the next 2 years.
Blue Ridge Energy Inc., Bowling Green, Ky., and Hay Exploration Inc., Ashland, Ky., have formed a 50:50 joint venture to evaluate, explore and develop an 18,000 acre leasehold area of mutual interest in eastern Kentucky.
Petrobank Energy & Resources Ltd. and Ventus Energy Ltd., both of Calgary, have agreed to terminate their proposed merger (OGJ Online, July 11, 2001).
Petroplus International NV, Amsterdam, has completed the acquisition of acquire Frisol Group, Zwijndrecht, the Netherlands, for 20 million euros (OGJ Online, June 4, 2001).