Category: Oil Supply

Anadarko Petroleum Corporation said on Monday that it plans to resume negotiations with Occidental Petroleum after Occidental announced last week a proposal to buy Anadarko at a higher price than Anadarko Continue Reading

Anadarko Petroleum Corp said on Monday it would negotiate with Occidental Petroleum Corp over its $38 billion cash-and-stock bid, after determining it could get a better deal than its agreed Continue Reading

In the months leading up to the Chevron and Occidental (NYSE: OXY) bids for Anadarko Petroleum Corp (NYSE: APC), there were suspicious purchases of Anadarko securities, according to the Securities Continue Reading

Anadarko Petroleum Corp. said it was considering Occidental Petroleum Corp.’s $38 billion offer, weeks after agreeing to be taken over by Chevron Corp. for about $33 billion, raising the likelihood Continue Reading

Four West Texas Energy companies collaborated to open a school in Midland to help alleviate child care challenges in the Permian. While drilling activity in the Permian has been booming Continue Reading

The U.S. dropped a total of 21 oil and gas rigs last week, bringing the rig count under 1,000. Following a weekly loss of 10 oil and gas rigs, the Continue Reading

A new study published today by Rystad Energy forecasts that there will be more than a million kilometers of new oil and gas wells drilled by 2023 globally; the distance Continue Reading

While European oil supermajors are yielding to investor pressure to set emission reduction targets and announcing investments in renewables and EV charging networks, U.S. majors ExxonMobil and Chevron are doubling Continue Reading

After reporting lower than expected earnings, ExxonMobil’s stock price sold off on Friday. The company blamed poor performance on reduced production volumes and a weaker oil price. However, the real Continue Reading