International Company News

Anadarko Petroleum resumes negotiations with Occidental Petroleum Corporation

Macauhub
03/05/2019 04:11
Visualizações: 1190 (0) (0) (0) (0)

Anadarko Petroleum will resume negotiations with the Occidental Petroleum Corporation as the latter’s bid proposal is higher than that put forward by the Chevron Corporation, Anadarko said in a statement.

 

The Houston-based oil company said in a statement that the proposal presented by the Occidental Petroleum Corporation on 24 April is superior in terms of value, terms and conditions to the one made by Chevron Corp, although Anadarko Petroleum reached a definitive merger agreement merger with Chevron on 11 April.

 

The Occidental Petroleum Corporation is offering US$38 in cash per share and 0.6094 of its own shares for each ordinary share of Anadarko Petroleum, while Chevron Corp. offered US$16.25 in cash and 0.369 shares per ordinary share of Anadarko Petroleum.

 

The two proposals also include taking on Anadarko Petroleum’s estimated debt of US$15 billion.

 

The Anadarko Petroleum group is the operator of a natural gas project in Mozambique and in a statement dated 5 March said that the final investment decision of the Rovuma Area 1 natural gas project is expected to take place in the first half of this year.

Most Read Today
see see
Business
SBM Offshore signs US$400 million Sale and Leaseback agr...
09/04/25
Vitória Petroshow 2025
Vitória PetroShow 2025 reinforces Espírito Santo’s leade...
08/04/25
Vitória Petroshow 2025
Exploration of New Blocks Could Triple Reserves and Doub...
08/04/25
Event
Espírito Santo Unveils New Yearbook Highlighting the Fut...
08/04/25
Vitória Petroshow 2025
Entrepreneurship and Energy Sector Leaders Invite You to...
07/04/25
Vitória Petroshow 2025
Márcio Felix Highlights the Strategic Importance of Vitó...
07/04/25
Vitória Petroshow 2025
Vitória Petroshow highlights Espírito Santo as a nationa...
07/04/25
OTC Houston 2025
OTC Recognizes 2025 Spotlight on New Technology® Award W...
04/04/25
Agreement
Petrobras and Braskem Sign Agreement for Carbon Capture ...
04/04/25
Energy Transition
Oil and Gas Sector Reinforces Its Commitment to Energy T...
04/04/25
Onshore
Oil and gas production in onshore fields is expected to ...
03/04/25
ANP
Proven oil reserves in Brazil increased by 5.92% in 2024.
03/04/25
E&P
Investments in exploration could reach up to US$ 2.3 bil...
03/04/25
International
Sebrae Rio: Registrations for the Technical Mission to O...
02/04/25
Company News
Global Reach Inspires OMMICA to Significant Sales Increase
31/03/25
Local Content
The National Agency of Petroleum, Natural Gas, and Biofu...
28/03/25
Pernambuco
RNEST Increases Processing Capacity with Completion of T...
28/03/25
Equatorial Margin
Petrobras Contributes to the Expansion of Brazil’s Conti...
28/03/25
iBEM25
Engineering Students Adapt Vehicle for Renewable Energy ...
28/03/25
iBEM25
Closing of iBEM 25: A Milestone in Latin America's Energ...
28/03/25
iBEM25
iBEM 25: Conference Addresses Challenges of Recycling Ma...
27/03/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.