U.S. purchase of Canadian oil patch draws little ire

Article Abstract:

There is very little concern about U.S. companies acquiring approximately $25 billion in assets from the Canadian energy industry in 2001. The tax and royalty revenues that U.S. companies provide for Canada is viewed positively

United States, Electric Utilities, Electric Power Generation, Transmission and Distribution, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Electric services, Crude Petroleum & Natural Gas, Gas Transmission, Natural gas transmission, Statistical Data Included, Economic aspects, Brief Article, Acquisitions and mergers, Petroleum industry, Natural gas, Gas industry, Gas transmission industry, Burlington Resources Inc., BR, Conoco Inc., COC, Westcoast Energy Inc., WE, Devon Energy Corp., DVN, Gulf Canada Resources Ltd., GOU, Anderson Exploration Ltd., Canadian Hunter Exploration Ltd., Duke Energy Corp.

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British giant to buy Calgary gas producer

Article Abstract:

Centrica PLC has reached a deal to acquire Avalanche Energy Ltd. for C$254 million in cash and debt. As part of the deal, Centrica will acquire North American gas reserves.

Foreign operations, Avalanche Energy Ltd.

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British energy giant Centrica snaps up Direct Energy

Article Abstract:

The British-owned Centrica PLC has secured a foothold on the North American continent with the purchase of Canadian-owned Direct Energy Marketing Ltd. for $884.2-million.

Direct Energy Marketing Ltd.

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