S&P downgrade brings the demise of Yukos closer

Article Abstract:

U.S. rating agency Standard and Poor's has reduced the credit rating for Russia's OAO Yukos from Double-C to Single-D following the oil company's failure to meet an interest payment on one of its bank loans. The company, a former leader in the Russian petroleum industry, recently lost its core asset, Yuganskneftegas, in a forced sale. Analysts believe that Yukos's current financial woes may spell problems for Yuganskneftegas's new owners since Yukos formerly used exports from the unit to secure its loans.

Legal issues & crime, Financial management, Russia, Legal/Government Regulation, Petroleum refining, Oil & Gas Extraction, Oil and Gas Extraction, Government Regulation, Company legal issue, Cases, Finance, Company acquisition/merger, OAO Gazprom, Company financing, OAO NK Yukos, Business-government relations, Petroleum and gas industry software, Yuganskneftegas

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Kerr-McGee agrees to acquisition of HS Resources

Article Abstract:

Kerr-McGee Corp. has reached a deal to acquire HS Resources Inc. in a cash-and-share deal. The transaction is valued at approximately $1.3 billion (1.48 billion euros).

Crude Petroleum, Natural gas, Petroleum, Kerr-McGee Corp., KMG, HS Resources Inc., HSE

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Dynegy will acquire Enron for about $7 billion in stock

Article Abstract:

Dynegy Inc. has reached an agreement to acquire Enron Corp. The deal is valued at approximately $7 billion (7.83 billion euros) in stock.

Natural Gas Processing, Natural Gas Liquid Extraction, Natural Gas Distribution, Gas transmission and distribution, Gas Transmissn & Distributn, Gas transmission industry, Enron Corp., ENE, Dynegy Inc., DYN

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