From Bloomberg Anadarko Petroleum Corp. Chairman and Chief Executive Officer Al Walker may not have a role once his company is purchased by Chevron Corp., but he will have some money. Walker’s employment agreement entitles him to walk away with about $64 million if he’s let go as part of the transaction or isn’t tapped to lead the combined entity,
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd (Delek). The total consideration for this deal is $965 million in cash. The field is operated by Anadarko
From Bloomberg An attack on an Anadarko Petroleum Corp. convoy in Mozambique was one of multiple raids that took place Thursday in an area where companies plan to develop $50 billion of liquefied natural gas projects, according to two people familiar with the matter. An Anadarko contractor was beheaded in the violence, the people said, asking not to be identified because they’re
Anadarko signs 20-year LNG deal with Indonesia’s Pertamina
Anadarko Announces LNG Sale and Purchase Agreement with Bharat
NAPE on track for another 12,000 attendees At the oil and gas industry’s annual mega-get together, the NAPE Expo in Houston, some of the energy sector’s most thoughtful leaders gave their views on where things stand in the oil and gas upstream sector in 2019. NAPE stands for North American Prospect Expo. The group celebrated its 26th birthday this year.
Not changing November’s 2019 spending guidance: $4.5 billion with 70 percent going to shale By Richard Rostad, analyst, Oil & Gas 360 Anadarko Petroleum (ticker: APC) announced fourth quarter results today, showing net income of $102 million, or $0.21 per share. Anadarko produced 701 MBOEPD in Q4 2018, up from 637 MBOEPD in Q4 2017. Yearly production was down slightly,
Anadarko Announces LNG Sale and Purchase Agreement With CNOOC
Bulk earmarked for shale, company expects lower spending than 2018 Anadarko Petroleum (stock ticker: APC) announced its 2019 capital program and guidance today, outlining the next year’s spending plan for the company. Anadarko expects to spend $4.3 to $4.7 billion in capital investment in 2019, down from this year’s program. About 70% of this will go to shale development, while
Western Gas announces drop-down, simplification Western Gas Partners (ticker: WES) announced several moves today, expanding its holdings and simplifying its corporate structure. Western Gas Partners will acquire $4 billion in midstream assets from its parent Anadarko (ticker: APC), all the company’s remaining midstream assets. These assets include oil and water gathering pipelines in the Delaware, including associated treatment and disposal
Achieves record oil production of 175 MBOPD Anadarko Petroleum (ticker: APC) announced third quarter results today, showing income of $363 million, or $0.72 per share. Anadarko achieved a record 175 MBOPD from its onshore U.S. activities, up 37% from last year after adjusting for divestitures. In total, the company produced 682 MBOEPD in Q3. The company spent a total of
Colorado Democratic party platform officially endorses both the 2,500-foot statewide drilling setback and the Martinez ruling for Colorado oil and gas permitting Candidate Polis seeks 100% renewable energy for Colorado, no fossil fuels Stapleton: ‘I would pursue every redress possible for that job-killing measure’ In the 2018 election season’s first gubernatorial debate, hosted by Denver TV station CBS4 on October 5th,
