While the ongoing saga of the battle between Oxy and Chevron to take over Anadarko dominates the news, it would be wrong to think the rest of the industry is just standing still. Howard Energy Partners proved that on Tuesday with the announcement of its latest major project, the...
Occidental Petroleum (Oxy) announced two new major moves Sunday evening in its ongoing competition with Chevron to acquire Anadarko Petroleum. Industry advisory firm Wood Mackenzie issued the following analysis of these latest Oxy moves on Monday morning:
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Oxy’s US$8.8bn Total deal ‘may soothe Anadarko shareholder jitters’
LONDON/HOUSTON/SINGAPORE, 6 May 2019 – In another bold...
Warren Buffett's entry into the Anadarko Petroleum (NYSE:APC) fray in support the takeover bid by Occidental Petroleum (NYSE:OXY) places the competition with industry giant Chevron (NYSE:CHV) in a new light that is now more reminiscent of the T. Boone Pickens corporate raider days of the 1980s than of the...
Pioneer Natural Resources (NYSE:PXD) announced on April 26 that it was engaged in advanced negotiations to sell the last remaining non-Permian Basin asset in its portfolio, a suite of joint venture properties in the Eagle Ford Shale region of Central Texas. If completed, the transaction to sell the properties...
Here are the photos from San Antonio Fiesta King William Fair event :
Forty years ago Iran used the “oil weapon” against the United States as it sought to influence its support of Israel. Today, President Trump is using the “oil weapon” in an attempt to stop Iran’s attempt to develop nuclear capability.
President Trump’s administration said on Monday any country purchasing oil...
Occidental lobs in a formal $57 billion bid for Anadarko
Analysis by DrillingInfo
Occidental has formally announced a $57 billion bid for Anadarko, coming in over the top of Chevron’s $50 billion offer made two weeks ago. The announcement confirms rumors of an Oxy bid that were circulating when the Chevon...
A buyout bid for Anadarko Petroleum shook up the oil industry once again early on April 24, only this time the offer comes not from Chevron, but from Occidental Petroleum (OXY). Chevron and Anadarko jointly announced their deal two weeks ago, but at the same time, CNBC reported that...
Here's a fun fact: If Texas were an independent country, it would now stand as the fourth largest oil-producing nation on Earth, behind only the rest of the U.S., Russia, and Saudi Arabia.
Here's another fun fact: In September 2008, total U.S. oil production came in at 3.8 million...
Answering reader mail. – A reader in Houston emailed me last week ([email protected]) with an energy-related question that is very timely. Here follows the email and answer I provided:
Email:
David,
I really enjoyed reading this article:
7 Key Things To Know About Oil and Gasoline
Your last point contained this tidbit that caught my...
