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 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
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
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
The U.S. added two oil rigs and dropped three gas rigs this week for a net loss of one rig. The U.S. added two oil rigs and dropped three gas Continue Reading
Oil prices crashed mid-week on news that U.S. crude oil inventories spiked, offering evidence that the oil market is not as tight as expected only a few days ago. U.S. Continue Reading
Houston’s Apache Corp. said Wednesday it lost $47 million in the first quarter versus a $145 million profit during the first three months of 2018. Despite the financial loss, Apache Continue Reading
Iran, Venezuela, Libya. The threats to global oil supplies are well known, reading like a laundry list of the world’s hotspots afflicted by sanctions, strife, and civil war. But over Continue Reading
As the acquisition war rages on over Anadarko, some analysts are suggesting that there will be additional mergers and acquisitions as major oil companies seek to increase their foothold in Continue Reading
Shell is keen to grow its US shale oil portfolio but does not feel pressured to chase new acquisitions, as Occidental and Chevron battle for control of Anadarko’s Permian-rich upstream Continue Reading
