Anadarko Petroleum Company News

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Icahn Anticipates Strong Bids to Emerge for Oxy on Oil Rebound
Thursday, March 12, 2020Activist investor Carl Icahn expects oil prices will rebound in the near to medium term and that "strong bids" will emerge for Oxy.

Occidental to Slash Spending After Oil Crash
Monday, March 09, 2020Shares of Occidental dropped as much as 48 percent Monday amid a broad market sell-off.

Fluor and Anadarko Vets Join ConocoPhillips Board
Wednesday, March 04, 2020ConocoPhillips reported that its board of directors has elected David T. Seaton and Al Walker to serve as board members.

Occidental's Anadarko Buy Yields 2019 Loss
Monday, March 02, 2020The company took a hit of $965 million in 2019, versus $4.1 billion in profit the year before.

Investors Tightening the Screws on Oil, Gas Acquisitions
Monday, February 17, 2020M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn.

Oxy to Sell Permian Campus After Anadarko Acquisition
Monday, November 11, 2019Occidental plans to sell a four-story office building in the heart of the Permian Basin and move employees into a nearby one owned by Anadarko.

Deepwater Transformation Sparking New Interest
Thursday, October 17, 2019Changes have revived interest in deepwater projects and enabled new ones in regions including the North Sea, the Gulf of Mexico and China Seas.

Top 10 Independent Oil and Gas Companies to Work For
Wednesday, September 04, 2019Rigzone's latest Ideal Employer Survey outlines the most desirable independent oil and gas companies to work for.

BHP Delivers Largest Bid in US Gulf of Mexico Lease Sale
Wednesday, August 21, 2019Lease Sale 253 generated almost $159.4 million in high bids for 151 tracts in the U.S. Gulf of Mexico.

Oxy Completes Anadarko Acquisition
Thursday, August 08, 2019Occidental Petroleum Corporation has successfully completed its $38 billion acquisition of Anadarko Petroleum Corporation.

Oxy Begins Bond Sale to Fund Anadarko Deal
Tuesday, August 06, 2019Occidental is selling $13 billion of debt to help finance its acquisition of Anadarko after receiving over $75 billion in orders for the deal at the peak, according to people familiar with the matter.

Is the US Shale Boom Winding Down?
Tuesday, August 06, 2019US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.

Icahn Slams Oxy, CEO's Warren Buffet Deal
Monday, July 22, 2019Occidental's leaders hastily put together its $38B deal for Anadarko in a job-preserving bid to stave off a takeover itself, according to activist investor Carl Icahn.

Icahn Ups Oxy Board Battle After CEO Talks Fail
Friday, July 19, 2019Billionaire Carl Icahn formally asked Occidental investors to help him replace four of the company's 10 directors and potentially push for a sale.

Oil Workers Evacuate GOM Rigs as Storm Strengthens
Wednesday, July 10, 2019Oil and natural gas producers in the U.S. Gulf of Mexico began evacuating workers and shutting in output as a storm gathers strength off the coast of Florida.

Oxy-Anadarko Deal Anchors Muted M&A Rebound in 2Q
Wednesday, July 03, 2019Drillinginfo analysis finds that U.S. M&A deal value rebounded to $65 billion in the second quarter, driven largely by the Oxy-Anadarko deal.

Africa Leads in LNG Investments for 2019
Thursday, June 27, 2019Africa leads investments for what will be a record year for LNG.

TechnipFMC and Oceaneering Win Mozambique LNG Contracts
Thursday, June 20, 2019Anadarko has awarded TechnipFMC and Oceaneering a series of contracts tied to the Mozambique LNG project.

Anadarko Green Lights Mozambique LNG Project
Wednesday, June 19, 2019Anadarko Petroleum Corp. has given the final go ahead to begin construction of its Area 1 Mozambique LNG project.

Will Occidental's $38B Gamble Be a Shale Win?
Friday, June 07, 2019Oxy is aiming for billions of dollars' worth of cost savings and productivity gains from the Anadarko deal, but many investors remain skeptical.

'Sexual Playthings': Anadarko's Denver Office Has #MeToo Moment
Tuesday, April 16, 2019A letter to Anadarko by a former female employee describes a toxic culture in the satellite office, where 550 of the company's 4,700 employees work, and where she said sexual harassment wasn't punished.

Chevron Expands Elite Group with Anadarko Deal
Friday, April 12, 2019Rystad Energy expects Chevron will eclipse ExxonMobil in Permian production.

Colorado Drillers Face Harsher Energy Law
Wednesday, April 03, 2019Colorado's legislature passed a sweeping overhaul of the state's oil and natural gas laws, giving local governments more power to regulate drilling in one of the nation's top crude-producing regions.

Anadarko Names Former EVP, CFO as New President
Friday, November 16, 2018Anadarko names Bob Gwin as the company's president.

Anadarko to Sell Delaware and DJ Midstream Assets
Thursday, November 08, 2018Under the $4.015 billion deal, Anadarko will receive $2.0075 billion in cash and the balance in new Western Gas equity.

US Energy Operations Begin Recovering After Tropical Storm Gordon
Wednesday, September 05, 2018Energy companies and port operators along the US Gulf Coast took steps to resume operations after Tropical Storm Gordon.

Storm Gordon Halts Some Energy Production In US Gulf
Tuesday, September 04, 2018Tropical Storm Gordon has shut 9.23% of daily crude oil production in the US Gulf of Mexico.

BLOG: The Good Deeds of Oil, Gas
Thursday, August 09, 2018Rigzone celebrates some recent good deeds of oil, gas companies.

Shale Companies Sink On Investor Disappointment, Hedging Losses
Wednesday, August 01, 2018Shares of US oil producers dropped sharply after several companies posted weaker-than-expected results.

Anadarko Expects Final Decision On Mozambique LNG Export Project In 2019
Wednesday, June 27, 2018Anadarko expects to make a final investment decision in the first half of 2019 on whether to build the first LNG export terminal in Mozambique.

Source: Anadarko Staff Under Lock-Down In Mozambique After Attacks
Tuesday, June 19, 2018Anadarko has placed staff working on a LNG plant in northern Mozambique under 'lock-down.'

Centrica, Tokyo Gas Join Anadarko's Mozambique LNG Project as Buyers
Friday, June 15, 2018Centrica and Tokyo Gas have signed a non-binding agreement to buy liquefied natural gas from Anadarko Petroleum's Mozambique project, a move that will bring the US company closer to a final decision on the development.

Oil, Gas Leaders Warn Trump He Risks Harming Their Industry
Friday, March 16, 2018The meeting came a week after Trump decided to slap a 25 percent levy on steel imports

Shale Producers Urge FERC To Deny White Cliffs Oil Pipeline's Fee Request
Friday, February 23, 2018Top shale oil producers asked a US regulator this week to reject White Cliffs pipeline's application.

Mozambique Approves Anadarko's $20 Billion Natural Gas Plan
Wednesday, February 07, 2018Mozambique's council of ministers approved the development plan for Anadarko's LNG project.

Anadarko Raises Dividend Payout, Share Buyback Program
Wednesday, February 07, 2018Anadarko says it increased its quarterly dividend and also raises its share buyback program.

Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices
Wednesday, December 20, 2017Canada's offshore oil industry is drawing rising investment interest.

4 Ways Agile Sourcing Can Lead Enterprises to Success
Friday, November 10, 2017Rapidly 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, 2017Five 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, 2017For years, investors have played Popeye to the energy industry's Wimpy.

Anadarko To Spend $2.5B On Massive Share Buyback
Wednesday, September 20, 2017Anadarko 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, 2017Harvey 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, 2017Anadarko 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, 2017Two 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, 2017A 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, 2017Anadarko reports a bigger-than-expected quarterly loss.

Anadarko Shares Fall After Colorado Blast Prompts Well Closings
Thursday, April 27, 2017Anadarko 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, 2017Oil 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, 2017Anadarko Petroleum says it expects a 25% rise in oil sales volumes in 2017.

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