Worley wins direct air capture contract with Occidental
Worley has been awarded a services contract with Occidental to help develop a facility for producing low carbon fuels via direct air capture (DAC) in Canada.
occidental
Oil CEOs write open letter saying pandemic ‘sharpens focus’ on climate goals
The chief executives of 12 major oil and gas firms have written an open letter saying the Covid-19 pandemic won't delay climate action but has instead "sharpened" the focus on it.
Australia looks to Big Oil in latest plan to curb emissions
Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleum Ltd. to invest in carbon-reduction projects.
Oxy enacts pay cuts amid deeper budget cuts
Houston exploration and production company Occidental Petroleum is enacting across pay cuts after making a second round of budget cuts as crude oil prices remain stuck at record lows.
Occidental downgraded to ‘junk’ by ratings agency
Occidental Petroleum was downgraded to junk by Fitch Ratings as it struggles to combat a sharp decline in oil prices, making it the biggest fallen angel in this downgrade cycle.
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.
Oxy, Total partner on carbon capture project in Colorado
Occidental Petroleum and the French energy major Total said they are partnering on a major carbon-capture project at an industrial cement plant in the United States.
Omani bid round falls foul of shift away from wildcat E&P
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.
Icahn says Occidental won’t hit target without ‘fire sale’
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.
OGCI reveals new initiatives to meet Paris goals
The Oil and Gas Climate Initiative (OGCI) today unveiled a series of initiatives aimed at reducing greenhouse gas emissions (GHGs).
Blackstone, Apollo mulling bid for Western Midstream stake
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.
Historic North Sea industry building topples after price plunge
One of the north-east’s landmark buildings is being torn down after being sold at a bargain basement price.
Icahn launches Oxy board takeover bid over $38bn Anadarko deal
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.
Icahn takes another shot at Oxy-Anadarko ‘fiasco’ in his casino merger
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 won’t be buying up Permian strugglers
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon.
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.
Total sale moves Occidental closer to Anadarko deal
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.
Total now ‘comfortably’ second largest oil firm in LNG market, Woodmac say
French oil giant Total is now "comfortably" the world's second largest seller of liquified natural gas (LNG), according to Wood Mackenzie (Woodmac).
Brokering of Occidental-Anadarko deal took years to bring in Buffet
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.
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.
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.
Piper Alpha: Justice denied by dark power
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 donated towards Piper Alpha memorial
Thousands of pounds have been donated to help continue the maintenance of the Piper Alpha memorial.
Occidental to boost its 2016 production estimate
Occidental Petroleum said it expects to grow its 2016 production at the high end of its forecast by up to a six percent increase.