Timeline: Occidental's Anadarko Victory
Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector's most…
Chevron Buys Anadarko for $50Bln
Chevron, the second-largest US oil and gas company, has agreed a $50bn deal to buy Anadarko Petroleum (APC) in a massive deal that will bolster its natural gas and shale operations.The cash and stock deal announced Friday values Anadarko at $65 per share…
Leadership Changes at Anadarko
Anadarko Petroleum Corporation announced Thursday that Bob Gwin, formerly Executive Vice President (EVP), Finance and CFO, has been named President. In his new role, Gwin will be responsible for leading Anadarko's worldwide operations…
Anadarko Petroleum Eyes Development in Wyoming's Powder River Basin
Anadarko Petroleum Corp on Wednesday said it had established a core acreage position in Wyoming's Powder River Basin and that it had begun an appraisal effort for the development."We believe we have another onshore oil opportunity in its southern portion," Chief Executive Officer
U.S. Shale Producers Cut CapEx as Oil Prices Lag
U.S. shale producers have started to trim their 2017 capital spending budgets, a tacit acknowledgement that such plans were too aggressive when crafted months ago before commodity prices weakened. This week alone, Anadarko Petroleum Corp…
Anadarko is First U.S. Producer to Slash 2017 CapEx
U.S. oil producer Anadarko Petroleum Corp posted a larger-than-expected quarterly loss on Monday and said it would cut its 2017 capital budget by $300 million because of depressed oil prices, the first major U.S. oil producer to do so. Anadarko and the rest of the U.S.
US Shale Producers Say Spending Flexibility Is Key
U.S. shale oil producers plan to keep drilling new wells despite this month's crude price drop but expect to revisit spending should pricing remain below $45 a barrel for several months. "We will not drill into oblivion," Tim Dove…
BP Doubles Down on Deepwater
About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. On the deck of Thunder Horse, they work two-week shifts…
U.S. Shale Back in Business, Buoyed by OPEC, Trump
U.S. shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has turned a corner after Donald Trump's election victory and OPEC's recent signal that it plans to curb production. The downturn produced a leaner, more efficient U.S.
U.S. Energy CEOs Ready to Drill as Oil Rebounds
After cutting spending and staff levels to the bone, U.S. oil executives say they are getting ready for new drilling projects as a 50 percent increase in crude prices since February leads them to believe the worst of the downturn may be over.
Anadarko: Apache Rejected All-stock Buyout Offer
Apache shares fell more than 3 percent, while Anadarko dipped less than 1 percent. "We are unwilling to pursue the transaction without access to detailed non-public information, and based on our analysis, which shows that Apache appears to trade at or near full value currently…
Anadarko Names Executive VP, Global LNG
Mitchell W. Ingram has been selected by the board of directors of Anadarko Petroleum Corporation to fill the newly created position of Executive Vice President, Global LNG. Ingram joins Anadarko's Executive Committee effective immediately…
Anadarko Outbid by Private Equity in Asset Contests -CEO
Anadarko Petroleum Corp is encountering stiff competition from private equity firms that have billions to spend on oil and gas assets, the U.S. independent oil and gas company's chief executive officer said on Wednesday. A slide…
U.S. Shale Giants Bearish on 2016
Some of the largest U.S. shale oil producers have already begun slashing 2016 budgets, with some planning double-digit reductions starting next January, the latest sign low crude prices are forcing a radical adjustment in the industry.
Contractor Selected for Mozambique LNG Development
Anadarko Petroleum Corporation (APC) on behalf of the co-venturers in Mozambique's Offshore Area 1, and after a competitive FEED (front-end engineering and design) process, announced the selection of a consortium consisting of CB&I…
Anadarko not in talks to Sell Mozambique Assets
Anadarko Petroleum Corp is not in talks to sell its multi-billion dollar stake in Mozambique's gas reserves and is instead working toward a final investment decision on the planned liquefied natural gas (LNG) project, the company's CEO said on Tuesday.
US Shale Firms Brace for More Pain
With the prospect of another plunge in crude prices looming after two months of stability, U.S. shale oil producers may face another round of spending cuts to conserve cash and survive the downturn. A deeper retrenchment would have far-reaching effects.
Anadarko Petroleum Cuts '15 CapEx By a Third
Anadarko Petroleum Corp said on Tuesday it will reduce spending by about 33 percent this year, as the exploration and production company responds to lower crude oil prices. Oil prices have fallen by more than half since June…
Anadarko CEO Sees Significant Cuts to 2015 Capex
Anadarko Petroleum Corp's capital expenditures in 2015 will be significantly lower than last year because of the recent collapse in crude oil prices, the exploration and production company's CEO told investors on a conference call on Tuesday.
Anadarko Spending Plan Set for March as Company Eyes Prices
U.S. oil and gas company Anadarko Petroleum Corp will continue to monitor crude prices for several months before its 2015 spending plans are announced in March, the company's CEO said on Wednesday. Oil prices have crashed in recent months…
