DAC oil competes with SAF, claims Hollub
“Direct air capture shouldn’t be compared to point source carbon capture, what it should be compared to is [SAF],” the CEO said. SAF has more emissions than Oxy’s net zero oil, she continued.
Anadarko Petroleum
Algeria combines energy, mining ministries
Algerian President Abdelmadjid Tebboune has carried out a reshuffle, appointing a new energy minister.
Oxy to keep Algeria, despite debt problems
Occidental Petroleum intends to keep production flat in 2021 but one bright spot for the company is Algeria.
Total ditches Ghana purchase
Total has scrapped plans to buy assets that had belonged to Anadarko Petroleum in Ghana.
Oxy scraps Algerian sale to Total
Occidental Petroleum will continue to hold its Algerian assets following its inability to conclude the sale of them to Total.
Whiting bosses got $14.6 million bonuses before bankruptcy
Whiting Petroleum Corp.’s board approved $14.6 million in cash bonuses for top executives days before the shale oil producer filed for bankruptcy.
Oxy to make Western Midstream independent, reduce ownership
Occidental Petroleum said Monday it will make its pipeline arm, Western Midstream Partners, an independent company and reduce its ownership stake in the firm in order to cut its overall debt load.
Algeria goes to the polls
Algeria goes to the polls today in a widely disputed election that aims to move the country on from its political quagmire, although this seems unlikely.
More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.