Spokesman: Anadarko not planning to acquire Devon's Brazilian assets:

Anadarko Petroleum does not intend to purchase Devon Energy's assets in Brazil's waters, Anadarko spokesman John Christiansen said. Executives earlier said they might look at Devon's properties in the Campos Basin, including an operating stake in the Itaipu field. While it would be ideal for Anadarko to operate Devon's block given its potential for large reserves, the company is not interested in boosting its presence, Christiansen added.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief: