News last week that Russian firm Zarubezhneft was being considered for the development of an offshore oil concession in Oman brought into sharp focus the lack of update provided since the country’s 2019 bid round closed in May.
Activist investor Carl Icahn said Occidental Petroleum Corp.’s new target for assets sales won’t be achieved without a “fire sale” that includes its pipeline system, Western Midstream Partners LP, which was already shopped to potential buyers earlier this year.
The Oil and Gas Climate Initiative (OGCI) today unveiled a series of initiatives aimed at reducing greenhouse gas emissions (GHGs).
Blackstone Group Inc. and Apollo Global Management Inc. are interested in bidding for a majority stake in Western Midstream Partners LP being sold by Occidental Petroleum Corp., according to people familiar with the matter.
One of the north-east’s landmark buildings is being torn down after being sold at a bargain basement price.
Famed activist investor Carl Icahn on Wednesday launched a bid to shake up Occidental Petroleum's board over the $38 billion acquisition of Anadarko Petroleum, which has battered Oxy's stock price and the value of Icahn's holdings in the Houston oil company.
Famed corporate activist Carl Icahn couldn't help but take another shot at the alleged "fiasco" caused by Houston's Occidental Petroleum while discussing his deal to help combine two major casino businesses.
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon.
Occidental Petroleum's chief executive has pledged to win over skeptical or angry investors who believe Oxy paid too big of a price in its bidding war victory to acquire Anadarko Petroleum over the much larger Chevron.
Occidental Petroleum moved a step closer to sealing its proposed $38 billion acquisition of Anadarko Petroleum after it sweetened its offer and agreed to sell assets owned by the target company.
French oil giant Total is now "comfortably" the world's second largest seller of liquified natural gas (LNG), according to Wood Mackenzie (Woodmac).
Occidental Petroleum Corp.’s bombshell investment from Warren Buffett is the culmination of almost two years of on-and-off-again wrangling with Anadarko Petroleum Corp. -- a saga that’s so far seen the company slip through its fingers several times.
Houston's Occidental Petroleum received a $10 billion commitment from one of the world's richest men to help boost its bid to acquire The Woodlands-based Anadarko Petroleum.
Occidental Petroleum Corp.’s rival takeover offer for Anadarko Petroleum Corp. drew critical initial reviews from some analysts, including Mizuho Securities USA LLC’s Paul Sankey, who said major investors have told him they won’t support the bid.
Occidental Petroleum Corp.’s $38 billion bid for Anadarko Petroleum Corp. is one of the boldest moves in the 99-year history of a company that has never lacked ambition.
The latest Ridley Scott movie, All the Money in the World, rotates around the obsession of billionaire John Paul Getty with money and his refusal to pay the multi-million dollar ransom to free his estranged grandson from kidnappers.
Thousands of pounds have been donated to help continue the maintenance of the Piper Alpha memorial.
Occidental Petroleum said it expects to grow its 2016 production at the high end of its forecast by up to a six percent increase.
Two energy giants have distanced themselves from rumours of another $17billion mega-merger as the low oil price environment creates a febrile environment for takeover speculation.
The world's first ultra-sour gas project has been officially opened by the Abu Dhabi National Oil Company(ADNOC) in a joint venture with Occidental Petroleum.
Occidental posted its worst quarterly loss in 25 years.
Ecuador said it has reached a deal to pay Occidental Petroleum Corp $980million by April to compensate the company after seizing one of its oil fields in the Andean country. The country has managed to negotiate down an arbitration award four years ago from the International Center for Settlement of Investment Disputes requiring it to pay the US-based company $1.77 billion.
The incoming chief executive of Occidental Petroleum has been given a promotion ahead of starting her new role. Vicki Hollub will now become the company’s president and chief operating officer and will replace the current boss Stephen Chazen in 2016. Earlier this year it was announced she would take over when Chazen retired as chief executive of the company.
A World Bank tribunal has reduced the amount Ecuador must pay Occidental Petroleum to around $1billion. The payment is in compensation for the seizing of the US company’s assets. Three years ago the International Centre for Settlement of Investment Disputes awared Occidental $1.77billion.
Occidental Petroleum Corp. said Vicki Hollub, head of its oil and natural gas unit in the Americas, will be the first female chief executive officer of a major US oil producer. Hollub is taking over all of Occidental’s output before assuming the CEO position from Stephen Chazen “after a thorough transition period,” the Houston-based company said in a statement Tuesday.