Updated: Complete UK exit ‘increasingly likely’ for Chevron, Woodmac says
A full exit from the UK is “increasingly likely” for US major Chevron following the sale of its central North Sea portfolio to Ithaca Energy, an analyst said yesterday.
Chevron
Wood wins subsea deal for Chevron Jansz-lo project
Aberdeen-headquartered Wood has announced a subsea deal at Chevron's Jansz-lo compression project in Western Australia.
Oxy CEO on Anadarko: ‘We were not going to let it be taken away’
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 wins $38billion bid for Anadarko as Chevron bows out
Occidental Petroleum Corp. will move forward with its $38 billion takeover of Anadarko Petroleum Corp., the oil industry’s biggest deal in at least four years, after Chevron Corp. bowed out of the bidding.
Chevron will walk away from $33 billion deal to buy Anadarko
Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a month-long bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.
Gulf of Mexico looking good for comeback
The US Gulf of Mexico is making a comeback this year.
Occidental looking to outmaneuver a rival five times its size
Occidental Petroleum chief executive Vicki Hollub is on the cusp of winning a David versus Goliath bidding war that has captivated the oil industry.
Occidental improved Anadarko takeover bid leaves Chevron trailing
Anadarko Petroleum’s board has declared Occidental Petroleum’s sweetened $38 billion takeover “superior,” giving Chevron four days to either boost its offer or walk away from the oil industry’s biggest deal in at least four years.
North Sea oil and gas firms ‘more engaged’ for energy transition, top academic claims
Oil and gas firms based in the North Sea are "better engaged" with the energy transition than their US rivals, according to a top academic.
Industry report shows ‘scary and disappointing’ progress on gender balance
A new report for the UK oil and gas industry shows a “scary and disappointing” lack of progress on gender diversity, according to a Wood boss.
Bank of Buffett drops $10billion bomb into Anadarko battle
Warren Buffett’s intervention in Occidental Petroleum Corp.’s $37 billion unsolicited bid for Anadarko Petroleum Corp. may tip the scales in the oil industry’s biggest bidding war in decades.
Oxy gets $10bn influx from Berkshire Hathaway for Anadarko bid
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.
Anadarko board faces scrutiny amid $38 billion bidding war
Anadarko Petroleum Corp.’s market value has soared 56 percent since a bidding war for the American shale driller kicked off two weeks ago. Yet the company’s directors have managed to step on the toes of almost every player involved.
Delek confirms bid for Chevron’s central North Sea portfolio
Israel-headquartered firm Delek Group today confirmed it had tabled an offer for a package of central North Sea assets owned by US oil major Chevron.
Chevron’s earnings narrow despite asset sales
Chevron’s income narrowed in the first three months of the year despite selling a package of global oil and gas assets.
Occidental’s Anadarko bid is ‘very bad idea’
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 may be lacking in size but it’s never lacked ambition
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.
Delek closes in on North Sea deal with Chevron, report says
Israel-headquartered oil firm Delek Group is close to striking a deal to buy Chevron's North Sea oilfields, a news report said.
Occidental makes £44bn Anadarko bid, seeking to break up Chevron deal
Occidental Petroleum Corp. triggered a bidding war for Anadarko Petroleum Corp. after making a $57 billion (£44bn) counter-offer in attempt to break up a proposed takeover by Chevron Corp.
Anadarko changed CEO’s potential payout before Chevron deal
Anadarko Petroleum Corp. tweaked terms determining severance payments for senior executives the day before Chevron Corp.’s $33 billion buyout offer was announced, setting up Chief Executive Officer Al Walker to collect millions of dollars of additional compensation if he leaves the company.
Archer wins platform drilling services deal with Chevron in North Sea
Archer has won a new five-year deal to provide platform drilling services for Chevron North Sea.
Need for shift in skills unveiled in vital industry report
Leading figures from the North Sea’s oil and gas industry will take centre stage at the launch of a key industry report next month to discuss how changing skills requirements will impact on the industry over the next six years.
Oil majors claim ‘prudent action’ on climate under way despite ‘alarming’ report
Some of the world's biggest oil firms have claimed they are taking "prudent action" on climate goals, despite a new report suggesting production from new fields will breach the Paris Agreement.
`Sexual Playthings’: #MeToo Moment for Anadarko’s Denver Office
Soon after Robin Olsen left her job in the Denver office of Anadarko Petroleum Corp., she drafted a letter with her lawyer’s help.
HSE investigation after 80kg gas leak from North Sea platform
The Health and Safety Executive (HSE) is investigating after a gas leak from a North Sea platform.