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Vol. 224 No. 2 |
Petrofac completed its acquisition of PGS Production Services, the Aberdeen, Scotland – based operation and maintenance company.
Eni agreed to acquire the Finnish oil company Fortum AS for US$420 million. Fortum has operations in the Norwegian North Sea and has stakes in important gas transmission infrastructures such as Haltenpipe, Heidrun Gas Export and Asgard Transport connecting Asgard and Heidrun fields to the Norwegian coast.
Quicksilver Resources agreed to purchase Enogex Exploration’s natural gas assets in Michigan for about $322 million.
Keppel Corp. sold 100% of its Cathodic Protection Technology Pte. Ltd. to the management team at CP Tech for $3.9 million. In a separate transaction, Keppel agreed to acquire the assets of Segfhers Better Technology, a Belgian environmental technology and engineering group.
Constellation Energy Group purchased two Allegheny Energy subsidiaries: Alliance Energy Services, and Fellon-McCord & Associates.
McMoran Exploration Co. and K1 USA Energy Production Corp. formed K-Mc Venture I LLC. K-Mc acquired certain McMoRan Main Pass 299 facilities, which it will use to pursue new business activities using the site’s infrastructure. The firm will continue to produce oil from Main Pass.
Torch Offshore added the 340-ft cable-laying, dynamically positioned vessel, Wave Alert, from Global Marine Shipping Ltd. It will be renamed Midnight Wrangler and used as a deepwater subsea construction vessel.
St. Mary Land & Exploration agreed to acquire oil and gas properties in the Williston basin of Montana and North Dakota from Burlington Resources Oil & Gas for $69.1 million in cash.
Ivanhoe Energy incorporated a new subsidiary in Japan to facilitate participation of Japanese companies in the gas-to-liquids project that Ivanhoe is negotiating in Qatar.
Noble Corp. said it acquired the Trident III and the Dhabi II jackup drilling units from Schlumberger Ltd. for an aggregate purchase price of $95.0 million in cash.
Wyoming Oil & Minerals subsidiary Skyline Resources, Inc., acquired an additional 33.33% working interest in about 18,000 acres in the Sand Wash basin, northwestern Colorado and southwest Wyoming, from ConocoPhillips. This acquisition doubles Skyline’s coalbed methane acreage in the Rocky Mountain region.
Seven Seas Petroleum agreed to purchase Sociedad Internacional Petrolera’s interest in the shallow Guaduas oil field, inclusive of the 40-mi Guaduas-La Dorada Pipeline.
Vintage Petroleum agreed to sell its oil interests in Ecuador to Encana for about $142 million. Acquisition includes 4,600 bpd of oil production near its own fields in the Oriente basin.
Plans for Sonatrach-TRC’s $240 million offshore loading station development include five CALM (catenary anchor leg mooring) buoys for export terminals with associated PLEM (pipeline end manifolds), and onshore and offshore pipelines, including metering and pumping stations.
Kerr-McGee completed the sale of a portion of its West Texas and Oklahoma assets for $127 million to Aethon I, L.P. The transaction included 16 fields with estimated net daily production of about 4,900 bbl of oil and 7 MMcfgd.
Oneok, Inc.’s new Texas gas distribution property will be called Texas Gas Service Co.
Crosstex Energy closed its acquisition of the Vanderbilt System from Devon Energy Corp. The system consists of more than 200 mi of gathering and transmission pipelines, including 105 mi of 14-in. mainline, gathering rich natural gas south and west of Houston.
Fugro Geoscience’s Jason Geosystems division agreed to acquire Dallas, Texas-based Petcom Inc. for $1.6 million.
Apache Corp. announced an agreement to acquire producing properties in the North Sea and the Gulf of Mexico from BP for $1.3 billion. The acquisition adds an estimated 29% to Apache’s 2002 production and 14% to its year-end 2002 assets on a pro forma basis. Estimated net proved reserves are 233.2 million boe (20% natural gas). Average daily production in the acquired properties is 198 MMcfgd and 65,500 bbl of oil.
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Apache Corp. acquired several BP properties in the North Sea and Gulf of Mexico
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Questar Exploration and Production Co. sold its producing properties in southwestern Colorado’s La Plata County for $26.15 million to the Southern Ute Indian Tribe, d.b.a. Red Willow Production Co. Net daily production is about 9 MMcf of gas-equivalent with about 23 Bcf of gas-equivalent reserves.
Petro-Canada reported that it completed acquisition of a 50% working interest in the La Ceiba block of western Venezuela.
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