Anadarko News


Anadarko Shareholders to Vote on Oxy Deal

Jul 12, 2019

Anadarko Petroleum Corp shareholders will vote Aug. 8 on the oil and gas producer's planned $38 billion sale to Occidental Petroleum Corp - the biggest oil and gas deal of the year.Occidental avoided its own shareholder vote on the deal by securing…

Saipem: Saudi Contracts Part of Gas Shift

Jul 10, 2019

Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.Saipem said on Tuesday it won two…

Storm Forces US Gulf Platform Evacuations

Jul 10, 2019

Exxon Mobil Corp and Anadarko Petroleum Corp on Wednesday joined several other U.S. oil producers withdrawing staff from deepwater platforms in the U.S. Gulf of Mexico as what could be a major storm gathered.The withdrawals helped push U.S. oil futures up 3…

Icahn Steps up Fight with Occidental

Jun 26, 2019

Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats.In a regulatory filing…

Oceaneering Awarded Work in Mozambique

Jun 19, 2019

Oceaneering announced on Wednesday it has secured a contract from Anadarko Petroleum Corporation to supply umbilicals, distribution hardware, and aftermarket services for its liquefaction and export terminal project in Mozambique.The multiple…

TechnipFMC Wins $1 Billion Subsea Contract

Jun 18, 2019

TechnipFMC said it has been awarded a number of subsea contracts by US-based Anadarko Petrleum for its Golfinho/Atum development offshore Mozambique.The UK-based firm said it was awarded a contract worth more than $1 billion for the engineering…

Anadarko Approves $20 Bln Mozambique LNG Project

Jun 18, 2019

U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa, according to the government of Mozambique and energy consultancy Wood Mackenzie…

EPC Contract Awarded for Mozambique LNG

Jun 05, 2019

A joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development, McDermott International announced on Wednesday…

US FTC Approves Oxy's Bid for Anadarko

Jun 04, 2019

Oil and gas producer Occidental Petroleum Corp said on Tuesday the U.S. Federal Trade Commission has granted approval for its proposed $38 billion deal to buy Anadarko Petroleum Corp.The waiting period required for companies under the Hart-Scott…

Icahn Sues Oxy Over 'Misguided' Anadarko Deal

May 30, 2019

Occidental Petroleum Corp 's activist investor Carl Icahn has filed a lawsuit against the company over what it called its 'misguided' pact to buy Anadarko Petroleum Corp, and may seek a special meeting to remove and replace board members.The lawsuit…

Oxy Plans to Sell Parts of Anadarko

May 28, 2019

Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.It also quadrupled its debt - to $40 billion - at a time when investors are calling for spending cuts and higher dividends…

DeepStar to Study Upwing Tech

May 14, 2019

Together, Upwing Energy, an artificial lift technology company, and industrial firm Mitsubishi Heavy Industries (MHI) have been selected by global offshore research and development consortium DeepStar to perform a feasibility and conceptual…

Equinor Grows Caesar Tonga Stake

May 13, 2019

Norwegian oil company Equinor announced Monday it has acquired an additional 22.45% stake in the deepwater Caesar Tonga oilfield in the U.S. Gulf of Mexico from Shell for $965 million in cash.The Andarko-operated Caesar Tonga field is located in 1…

Timeline: Occidental's Anadarko Victory

May 10, 2019

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 high-profile public contest since the 1980s…

Mozambique LNG FID in June, says Anadarko

May 09, 2019

Anadarko Petroleum, the U.S. independent energy group in the midst of a takeover, said on Wednesday it was ready to make a final investment decision on its $20 billion liquefied natural gas (LNG) project in Mozambique on June 18.Chief executive…

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