Archive for the ‘Occidental Petroleum Corp’ Category
Oxy, Anadarko merger moves to approvals phase
May 10th, 2019 by Latest News
A deal to combine Anadarko Petroleum and Occidental Petroleum is moving to the approvals phase. Anadarko on May 9 entered into a definitive merger agreement with Oxy following the termination of its previously announced merger agreement with Chevron. A…
Occidental Petroleum Corp. is continuing its push to acquire Anadarko Petroleum Corp., raising the cash portion of its bid in a revised offer following an agreement struck with Total SA to sell Anadarko’s Africa assets for $8.8 billion, contingent on O…
Oxy awarded onshore Block 3 in Abu Dhabi
February 4th, 2019 by Latest News
Occidental Petroleum Corp. will invest $244 million, including a participation fee, in exploration of onshore Block 3 in Abu Dhabi. Abu Dhabi National Oil Co. awarded the 5,782-sq-km block as part of its competitive bidding round launched in April…
Tethys Oil will gain a minority interest in Mukhaizna oil field through an agreement to acquire a 2% participating interest in Block 53 onshore Oman from Total E&P Oman for $32 million.
More oil and gas producers should be ready to use technology to address climate change instead of denying the problem exists, Occidental Petroleum Corp. Pres. and Chief Executive Officer Vicki A. Hollub recommended on Dec. 14. “We’ve been doing enhance…
ExxonMobi Corp. will join the Oil & Gas Climate Initiative, a group of 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change. The CEO-led organization focuses on developing …
NEORI outlines priorities in memos to presidential transition teams
November 14th, 2016 by Latest News
The National Enhanced Oil Recovery Initiative (NEORI) listed extension of the Section 45Q Tax Credit for Carbon Dioxide Sequestration as an immediate priority in memorandums to the Democratic and Republican presidential transition teams.
Teal Natural Resources targets Eagle Ford
May 18th, 2016 by Latest News
Teal Natural Resources LLC has been formed to acquire and develop unconventional oil and gas resources, mainly in the Eagle Ford shale play of Texas.