France's Total SA said on Sunday it has agreed with Occidental Petroleum Co...
- France’s Total SA said on Sunday it has agreed with Occidental Petroleum Corp to acquire the African assets of Anadarko Petroleum Corp for $8.8 billion, should the two U.S. oil and gas companies clinch a deal to combine.
The bidding war for Anadarko underscores the value of its assets in the lucrative Permian Basin of West Texas and New Mexico. The vast shale field holds oil and gas deposits that can produce supplies for decades using low-cost drilling techniques. The sale to Total would account for the majority of the between $10 billion and $15 billion of divestments Occidental said it would seek to fund the proposed Anadarko acquisition, while easing the amount of integration work, Occidental said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Occidental to Sell Anadarko’s Africa Assets to Total if It Wraps Deal With AnadarkoOccidental reaches a potential deal to sell Anadarko's Africa assets for about $8 billion if the oil companies complete a proposed takeover
Read more »
Occidental to sell Anadarko's African assets to Total SA for $8.8 billion if it buys AnadarkoOccidental Petroleum Corp said on Sunday it entered a binding agreement to sell ...
Read more »
Total enters $8.8 billion deal with Occidental for Anadarko's Africa assetsFrench energy major Total said on Sunday it had reached a binding agreement with...
Read more »
Occidental inks $8.8 billion deal to sell Anadarko's African oil and gas assets to TotalThe deal is contingent upon Occidental Petroleum prevailing in its battle with Chevron to take over oil and gas driller Anadarko.
Read more »
Moore is just the latest casualty of Trump’s nomination processThe administration’s long-standing vetting problems have contributed to a surge in doomed picks.
Read more »
11 Cooking Hacks That Actually Don't Work At All11 Cooking Hacks That Are Total BS
Read more »
The first ‘tornado emergency’: Two decades ago, a worst-case scenario spawned 70 tornadoes that ravaged OklahomaThe first 'tornado emergency': Two decades ago, a worst-case scenario spawned 70 tornadoes that ravaged Oklahoma
Read more »
James Holzhauer’s total domination of ‘Jeopardy!’ in 3 charts
Read more »
A Long-Distance Renovation in a Gentrifying Piece of LondonThanks to 3-D imaging, email and lots of digital photos, this family oversaw a complete renovation of their home in Peckham while living in Budapest.
Read more »
'Avengers: Endgame' goes for more box office records this weekend'Avengers: Endgame' made $128 million globally on Friday, which puts its total at more than $1.9 billion worldwide
Read more »