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NEWS |
Eni, Total, Occidental sign $4 bn Algeria oil contract
Italy's Eni, US major Occidental, France's Total and the Algerian group Sonatrach signed a $4 billion oil and gas production-sharing contract Tuesday for the Berkine field in the country's southeast.
NEWS |
Adnoc awards onshore block to Occidental in second bid round
Abu Dhabi National Oil Company awarded Occidental Petroleum onshore exploration rights in a Dh514 million ($140m) contract as the UAE energy giant accelerates the development of Abu Dhabi’s hydrocarbo (...)
NEWS |
Occidental posts $8 billion loss, outlines oil production cuts
Occidental Petroleum Corp (OXY.N) on Monday posted a $8.35 billion second-quarter loss on lower energy prices and write-downs as the U.S. oil producer has been trying to reduce debt amid a pandemic th (...)
NEWS |
Oxy reportedly in talks to sell $4.5bn energy assets to Pertamina
International oil and gas exploration and production company Occidental Petroleum (Oxy) is reportedly holding talks to sell energy assets in Africa and the Middle East to Indonesian oil and natural ga (...)
NEWS |
Price Drop Triggers Haggling Over Oil and Gas Deals
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers havi (...)
NEWS |
France’s Total calls off plans to buy Occidental Petroleum’s assets in Ghana
French oil major Total has called off the deal to acquire Occidental Petroleum’s assets in two African countries.
NEWS |
Total ends interest in acquiring Occidental Petroleum's Ghana and Algeria assets
Total has announced that it has discontinued the acquisition of Occidental Petroleum's assets in Ghana and Algeria.
NEWS |
Half of announced North American oil cuts come from just three companies
Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies - Chevron Corp, ConocoPhillips an (...)
NEWS |
Oxy soon to begin cutting jobs post-Anadarko takeover
Occidental Petroleum said Wednesday it would begin cutting personnel in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum.
NEWS |
Oxy CEO to face investor scrutiny on Anadarko merger plan
Vicki Hollub is set to face investors for the first time since leading Occidental Petroleum Corp.’s controversial $37 billion purchase of Anadarko Petroleum.
NEWS |
Occidental Pays Record Rate To Ship Oil As Supertanker Rates Soar
Occidental Petroleum has chartered the Very Large Crude Carrier Maran Andromeda to carry oil to South Korea for a record-setting price of $13.25 million, Reuters sources said on Monday.
NEWS |
Oil major Total closes purchase of Anadarko's Mozambique LNG asset
French oil major Total has completed the acquisition of Anadarko’s 26.5% stake in Mozambique’s liquefied natural gas project for $3.9 billion, Total said on Monday, in a deal expected to raise much-ne (...)
NEWS |
Occidental Completes Acquisition of Anadarko
Occidental Petroleum Corporation today announced the successful completion of its acquisition of Anadarko Petroleum Corporation in a transaction valued at $55 billion, including the assumption of Anad (...)
NEWS |
Occidental sells $13 billion of debt to fund Anadarko purchase
Occidental Petroleum Corp. sold $13 billion of debt to help finance its acquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, according to people (...)
NEWS |
Chevron Bows Out Of Anadarko Fight, Oxy Jet Trip Suggests Shell Might Step Up
A report that Occidental Petroleum’s corporate jet traveled to the Hague, one of Shell’s two home towns, has sparked a fresh flare-up of speculation regarding its proposed acquisition of Anadarko, CNB (...)
NEWS |
Occidental revises Anadarko bid, offers mostly cash
Occidental Petroleum, continues to tinker with its offer to buy Anadarko Petroleum, late Sunday putting a revised bid in front of the independent producer, offering mostly cash as it looks to wrest it (...)
NEWS |
Occidental tweaks US$38bil Anadarko bid to remove shareholder vote
Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp on Sunday, removing a requirement for any deal to receive the approval of Occidental's (...)
NEWS |
Exclusive - Anadarko to pursue deal talks with Occidental Petroleum
Anadarko Petroleum Corp, the U.S. oil and gas exploration and production company that agreed this month to sell itself to Chevron Corp for $33 billion, decided on Sunday to begin negotiations to sell (...)
NEWS |
Anadarko confirms Occidental's $57 billion bid
Oil and gas producer Anadarko Petroleum Corp on Wednesday confirmed Occidental Petroleum Corp’s $57 billion offer for the company that topped Chevron Corp’s $50 billion bid and said it would carefully (...)
NEWS |
Regional Focus - The Absence of the Kingdom
Some of the biggest names in the energy industry gathered in Houston in mid-March for the annual CERAWeek conference. Speeches by BP CEO Bob Dudley and Occidental CEO Vicki Hollub garnered headlines, (...)
NEWS |
Adnoc signs Dh893m deal with Occidental Petroleum
Abu Dhabi National Oil Company (Adnoc) on Saturday announced the signing of an agreement awarding an onshore block to the US-based oil and gas firm Occidental Petroleum.
NEWS |
Oil and gas giants Chevron and Occidental are backing tech to combat carbon emissions
Carbon Engineering, a Canadian company developing technology to remove carbon dioxide from the atmosphere and process it for use in enhanced oil recovery or in the creation of new synthetic fuels, has (...)