Anadarko Petroleum Company News

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4 Ways Agile Sourcing Can Lead Enterprises to Success
Friday, November 10, 2017 Rapidly changing business and market conditions can send the supply chain into a tailspin and turn managing it effectively into a nightmare task.

Gadfly: Anadarko Woke Up, and It Really Smells the Coffee
Wednesday, November 01, 2017 Five bucks: The price of a fancy cup of coffee had a subtle, but important, role on Anadarko's earnings call.

No More Free Lunch Is the Big Change Under Way in the Oil Market
Monday, October 09, 2017 For years, investors have played Popeye to the energy industry's Wimpy.

Anadarko To Spend $2.5B On Massive Share Buyback
Wednesday, September 20, 2017 Anadarko says it would spend $2.5 billion to buy back its own stock.

Harvey Could Become First Hurricane to Strike Texas Since 2008
Wednesday, August 23, 2017 Harvey has already spurred one refiner to start shutting down a plant and forced workers to be evacuated from Gulf of Mexico platforms.

Anadarko Becomes First US Oil Producer To Slash 2017 CAPEX
Monday, July 24, 2017 Anadarko Petroleum posts a larger-than-expected quarterly loss and said it would cut its 2017 capital budget.

Blast Backlash Hangs Over Drillers as 'Fractivists' Seek Limits
Tuesday, June 13, 2017 Two months after a Colorado home exploded near an Anadarko well, the reverberations are still rattling the oil industry, driving down driller shares and raising fears of a regulatory backlash.

Colorado Oil Tank Fire Kills One, Injures Three
Friday, May 26, 2017 A blaze engulfed a Colorado oil tank battery on Thursday, killing one worker and injuring three, authorities said.

Anadarko Petroleum Posts Bigger-Than-Expected Loss As Costs Rise
Tuesday, May 02, 2017 Anadarko reports a bigger-than-expected quarterly loss.

Anadarko Shares Fall After Colorado Blast Prompts Well Closings
Thursday, April 27, 2017 Anadarko drops the most since August after the oil and natural gas explorer said it will shut more than 3,000 Colorado wells as part of an investigation into a deadly house explosion.

Oil, Gas CEOs Optimistic about Future of E&P in North America
Friday, March 10, 2017 Oil and gas CEOs Harold Hamm, Jeff Ventura and Al Walker are ready to ramp up US exploration and production activity and hope the industry is equipped.

Anadarko Expects Oil Sales Volumes To Rise 25%
Tuesday, March 07, 2017 Anadarko Petroleum says it expects a 25% rise in oil sales volumes in 2017.

Anadarko and Freeport-McMoRan Cut Jobs in Texas
Tuesday, February 14, 2017 Two energy companies will be laying off employees due to sales of their assets.

Anadarko Posts Bigger-Than-Expected Quarterly Loss
Tuesday, January 31, 2017 Anadarko reports a bigger-than-expected quarterly loss as cost cuts failed to offset the impact of weak oil prices.

Anadarko To Sell Certain Marcellus Assets For $1.24B
Wednesday, December 21, 2016 Anadarko Petroleum says it will sell certain natural gas assets in the Marcellus shale for about $1.24 billion.

Mozambique Approves Changes To LNG Contracts With Anadarko, Eni
Wednesday, December 07, 2016 Mozambique's cabinet has approved changes to liquefied natural gas (LNG) contracts with U.S. oil major Anadarko and Italy's Eni.

More Company Climate Votes Ahead, As Trump May Loosen Energy Rules
Friday, November 25, 2016 Activist shareholders plan a record number of resolutions focused on climate change at U.S. company annual meetings in 2017, even as President-elect Trump looks set to loosen environmental regulations.

US Shale Firms Go Back To Work Buoyed By OPEC Deal, Trump Victory
Monday, November 14, 2016 US shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has turned a corner after Donald Trump's election victory and OPEC's recent output curb pledge.

Anadarko to Focus on Three Ds in E&P Investment
Wednesday, November 02, 2016 Anadarko officials believe that its future will be driven primarily by investment in oil assets in the Delaware and DJ basins and the deepwater Gulf of Mexico.

Anadarko Petroleum Posts Bigger-Than-Expected Loss
Monday, October 31, 2016 Anadarko reports a bigger-than-expected quarterly loss, hurt by lower crude prices.

Relief Arrives For US Shale Firms As OPEC Folds In Price Battle
Thursday, September 29, 2016 It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production in a move that lifted low prices ravaging their budgets.

Timing of $2B Anadarko-Freeport Deal Makes GOM Assets a Bargain
Wednesday, September 14, 2016 Morgan Stanley analysts say deepwater Gulf of Mexico assets that Anadarko bought in August could've been priced at a $5 billion valuation if the market had more time to recover.

Anadarko Goes Deeper in GOM with $2B Deal
Monday, September 12, 2016 Anadarko Petroleum announces $2 billion acquisition in the Gulf of Mexico from Freeport McMoran Inc.

Oil, Gas Companies Evacuate GOM Staff Ahead of Tropical Depression
Tuesday, August 30, 2016 Several oil and gas companies operating in the Gulf of Mexico have taken precautionary measures ahead of Tropical Depression Nine.

Colorado Drillers Dodge $10 Billion-a-Year Threat to Output
Monday, August 29, 2016 Oil and gas explorers from Anadarko Petroleum to Synergy Resources have escaped a vote in Colorado that would've limited drilling and threatened to halt about $10 billion worth of production a year.

Tullow Starts TEN Production Offshore Ghana
Thursday, August 18, 2016 Tullow Oil plc flows first oil from the TEN field offshore Ghana, on time and on budget, 3 years after the Plan of Development was approved by the Government of Ghana in May 2013.

Anadarko Appraisal Extends Shenandoah Field Boundary
Wednesday, July 27, 2016 Anadarko's successful appraisal well extends the eastern boundary of the Shenandoah field in the U.S. Gulf of Mexico.

CNR Puts Off Planned Ivory Coast Investment Over Low Oil Prices
Tuesday, July 19, 2016 Canadian Natural Resources is postponing $300-400 million in planned investment on its Ivory Coast offshore blocks pending a rebound in crude prices, its general manager in the West African nation says.

Algeria Oil And Gas Output On The Rise
Sunday, June 26, 2016 Algeria's oil and gas output is moving back to growth after years of stagnation.

Petroplan Chief: Thousands of Jobs Heading to Mozambique
Tuesday, June 07, 2016 An employment boom is anticipated in Mozambique during the next four years, says Petroplan CEO Andrew Speers.

Oil Industry Maintains Country Club Culture During Downturn
Monday, May 23, 2016 Horizontal shales deep under the earth's surface are important to an energy company's balance sheet, but so is what happens above the grass line - especially if that grass is owned by an exclusive Texas country club.

OTC 2016: Deepwater Projects Delayed as Low Oil Prices Linger
Wednesday, May 04, 2016 E&P companies will continue to delay new deepwater projects in favor of less costly options as low oil prices linger.

Big Oil's `Rock Star' in Congress Runs Rig Tours for Support
Monday, April 18, 2016 Congressman Steve Scalise is one of the oil industry's busiest tour guides in Congress.

Fooled By Oil's False Bottom, Most US Shale Firms Skipped Hedging In 4Q
Wednesday, March 16, 2016 Anadarko and Chesapeake were among the few to increase hedging in the fourth quarter, according to a Reuters analysis of filings from the largest shale firms.

Anadarko Reduces Workforce by 17%
Thursday, March 10, 2016 Anadarko is cutting 1,000 jobs as the company works to navigate a difficult market environment.

Anadarko Says To Monetize Up To $3B Of Assets In 2016
Tuesday, March 01, 2016 Anadarko says it plans to monetize up to $3 billion of assets this year amid a slump in crude oil prices.

Anadarko Slashes Quarterly Dividend
Tuesday, February 09, 2016 Oil and gas company Anadarko Petroleum says it slashed its quarterly dividend to 5 cents per share.

Anadarko Ceases Production at Independence Hub in Gulf of Mexico
Wednesday, February 03, 2016 Anadarko Petroleum's last producing well at the Independence Hub in the US Gulf of Mexico goes offline.

Anadarko Achieves First Oil at Heidelberg
Tuesday, January 19, 2016 Oil production begins at Heidelberg, Anadarko's second major truss spar development in the deepwater Gulf of Mexico in the past two years.

Tullow: TEN Project Over 80% Complete, CAPEX Reduction in 2016
Wednesday, January 13, 2016 Tullow announces that it will be reducing its capital expenditure in 2016 and that the TEN field, located offshore Ghana, is over 80% complete.

Anadarko Raises 4Q Oil Sales Volume Outlook, Sees Lower Spending
Thursday, December 17, 2015 Anadarko raises the midpoint of forecast for oil sales volume and expects lower spending during the current quarter and next year as well.


Explosion Rocks Anadarko Natgas Plant In Texas, 2 Hurt
Thursday, December 03, 2015 An explosion rocks Anadarko's Ramsey natural gas plant in West Texas, injuring two people and prompting evacuations.

Anadarko Ordered To Pay $159.5M Fine For 2010 Gulf Spill
Tuesday, December 01, 2015 A federal judge ordered Anadarko to pay a $159.5 million civil fine reflecting its stake in the 2010 blowout.

Colombia's Ecopetrol To Explore In Four Gulf Of Mexico Blocks
Monday, November 23, 2015 The US affiliate of Colombian state-run oil company Ecopetrol will explore for oil in four blocks in the Gulf of Mexico, the company said in a statement.

Anadarko's Bid for Apache Drives Down Share Prices for Both E&Ps
Thursday, November 12, 2015 Analysts say major M&A activity remains a couple of quarters away, when companies feel "maximum pain" of the downturn.

Anadarko Confirms Apache Rejected An All-Stock Offer
Wednesday, November 11, 2015 Anadarko confirms an offer it made to buy fellow oil producer Apache has been rejected.

Anadarko CEO: Distressed Bakken, Eagle Ford Asset Sales Seen Soon
Tuesday, November 10, 2015 Financial distress is soon expected to trigger long-awaited sales of oil and gas properties in North Dakota's Bakken and Texas' Eagle Ford basin, Anadarko CEO Al Walker says.

Anadarko Petroleum Posts Loss As Crude Prices Slump
Tuesday, October 27, 2015 Anadarko reports a quarterly loss that met Wall Street expectations compared with a year-earlier profit as results were hurt by a slump in crude prices.

Anadarko Going Further in Deepwater with Digital Oilfield Technology
Wednesday, September 02, 2015 An Anadarko engineer discusses the company's strategy for using digital oilfield technology to enhance its deepwater Gulf of Mexico operations.