BP Approves Thunder Horse Expansion in GOM
BP has approved the Thunder Horse Expansion Phase 2 project in the deepwater Gulf of Mexico, which should add 50,000 boepd. BP has approved the Thunder Horse Expansion Phase 2 Continue Reading
Oxy Jazzes Up Anadarko Offer, Makes $8B Total Deal
Oxy revises its offer for Anadarko and enters into an $8.8 billion agreement with Total in connection with the deal. Occidental Petroleum Corporation (Oxy) revealed Sunday that it has jazzed Continue Reading
Anadarko backs Occidental’s revised bid, pressuring Chevron to respond
HOUSTON (Reuters) – Anadarko Petroleum Corp’s board on Monday backed a $38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk Continue Reading
Anadarko Says Occidental Now ‘Superior’ Offer to Chevron
Anadarko Petroleum Corp. said Monday that a $38 billion bid by Occidental Petroleum Corp. was superior to an offer it accepted from Chevron Corp., raising the stakes in the battle Continue Reading
US Boosts Oil Imports from Iraq, Nigeria, Brazil, Angola
US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday. Oil Continue Reading
Total backs Occidental’s Anadarko bid with deal to buy assets
France’s Total SA said on Sunday it has agreed with Occidental Petroleum Corp to acquire the African assets of Anadarko Petroleum Corp for $8.8 billion, should the two U.S. oil Continue Reading
Occidental tweaks $38 billion 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 Continue Reading
Electric Fracking Could Take Over The Permian
Shale production in West Texas continues to boom–so much so that shale oil and gas producers in the Permian Basin have more than they know what to do with. As Continue Reading
US Oil Exploration Drops by 95 Percent
It is well known that oil discoveries are in continuous decline worldwide in spite of ever-increasing investments. What is less known, however, is that spending on oil exploration is fast Continue Reading
Permian Oil Storage Facility Project Goes to KBR
The terminal facilities will handle Permian crude oil and condensate for transport to the Gulf Coast. KBR, Inc. has won a reimbursable front-end engineering design (FEED) and engineering, procurement and Continue Reading