North Africa News

 

Chevron Backs Out of Anadrako Takeover Battle

May 09, 2019

US oil major Chevron has stated that it will not make a counter proposal for Anadarko Petroleum, following Occidental's counter bid. Chevron said that: 'Under the terms of its previously announced merger agreement with Anadarko Petroleum Corporation, it will not make a counterproposal and will allow the four-day match period to expire. Accordingly, Chevron anticipates that Anadarko will terminate the merger agreement…

Chariot Eyes 1 Tcf in Moroccan Licence

May 09, 2019

UK-based Atlantic focused explorer Chariot Oil & Gas says its Anchois-1 gas discovery and nearby prospects in the Lixus Offshore Licence, off Morocco, contains 1 Tcf.Following completion of an independent competent persons report (CPR), it also says a nearby prospect…

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