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...China National Petroleum Corporation and QatarEnergy signed a 27-year agreement on Tuesday, under which China will purchase 4mn tonnes of LNG a year from the Gulf state....
...“What the NPS decision shows is that the ‘Corporate Value-up’ programme is little more than the government paying lip service to local retail investors,” said Ryu Young-jae, the founder of Korean proxy adviser...
...Occidental Petroleum has agreed to acquire CrownRock, one of the most sought-after US private shale oil producers, in a deal valued at about $12bn, including debt....
...Occidental Petroleum has emerged as the lead contender to buy CrownRock, one of the most sought-after private oil producers in the US shale patch, in a deal valued at about $12.5bn, according to people familiar...
...The last time Occidental Petroleum made a big acquisition, it ended up teetering on the brink of bankruptcy....
...Occidental Petroleum in December said it had agreed to pay $12bn for CrownRock and this week APA said it would buy Callon Petroleum for $4.5bn. Most of the deals to date have been oil-focused....
...The crude will enable the refinery to process an initial 350,000 barrels of crude oil a day into petroleum products, including petrol, diesel and low-sulphur fuels....
...A Delaware court will soon begin an auction for Citgo Petroleum, the seventh-largest oil refiner in the United States....
...Elliott ran a similar campaign against Marathon Petroleum in 2019, which led to the replacement of the chief executive and the spin-off of its Speedway retail operation....
...BlackRock is set to invest $550mn into the world’s biggest direct air capture project, which is being developed by Occidental Petroleum, in a sign of growing investor confidence in the nascent technology...
...Department of Energy said on Friday that it had chosen two “direct air capture” hub developments in Texas and Louisiana as recipients for the funding, one of which is being built by oil company Occidental Petroleum...
...Dealmakers said groups including Occidental Petroleum, ConocoPhilips and Marathon Oil could be among the next to make a move....
...Conoco, Occidental Petroleum, Devon Energy and Marathon Oil have all been mooted as possible buyers....
...It also names ConocoPhillips, Chevron and the American Petroleum Institute as defendants....
...One of his first big decisions was to walk away from a $50bn-plus takeover battle with rival Occidental Petroleum for Anadarko Petroleum....
...Since last week, dozens of mainland-listed companies, mostly state-owned companies such as China Petroleum & Chemical Corp and China Railway Construction Corp, have announced share buyback plans, adding...
...How the ‘dumbest deal in history’ actually paid off When Occidental Petroleum boss Vicki Hollub orchestrated a $10bn financing deal with Warren Buffett to buy Anadarko Petroleum in April 2019, it flabbergasted...
...It walked away from an attempted takeover of Anadarko Petroleum in 2019 after a bidding war broke out with rival Occidental Petroleum....
...The company grew rapidly in its early decades, building what became the world’s biggest refinery on Saint Croix in the US Virgin Islands in 1967 before merging two years later with Amerada Petroleum, one...
...When Vicki Hollub flew Occidental Petroleum’s Gulfstream V jet to Omaha for a meeting with billionaire investor Warren Buffett in April 2019, she needed cash to place a bet....
...In Asia, liquefied petroleum gas futures traded on China’s Dalian Commodity Exchange rose 6.7 per cent to Rmb4,276 ($597) a tonne on Thursday, while crude oil contracts in Shanghai rose 2.5 per cent to almost...
...Granholm has cheered on Occidental Petroleum’s plans to deploy direct air capture technology, which sucks CO₂ from the atmosphere to be stuffed underground, in the oilfields of west Texas....
...It is also sanctioning Turkey’s Ice Pearl Navigation Corp, whose Yasa Golden Bosphorus ship handled Russian crude bought for more than $80 a barrel....
...Occidental Petroleum thinks it can make money from decarbonising. That is a far cry from the $55bn bet the oil explorer made on rival Anadarko in 2019....
...But the fund, whose inflows come from Norway’s petroleum revenues, has faced accusations of hypocrisy for telling energy companies what to do when its home country earns record sums from oil and gas....
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