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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....
...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...
...This is not the stuff of venture capital dreams — though Reid Hoffman, Microsoft board member and Inflection co-founder, called it a good outcome....
...[and] some brands can charge like a wounded rhino for a flat white,” Reid said....
...Reid Weingarten, a lawyer for Lynch, said the defence’s evidence would show the transactions at the heart of the case reflected the complexity of normal business life....
...Inflection’s third co-founder, Reid Hoffman, the founder and executive chair of LinkedIn, will remain on Inflection’s board....
...The last time Occidental Petroleum made a big acquisition, it ended up teetering on the brink of bankruptcy....
...The start-up’s co-founder and LinkedIn executive chair Reid Hoffman wrote on social media that “all of Inflection’s investors will have a good outcome today”, without disclosing details of the arrangement...
...Inflection board member and co-founder Reid Hoffman said it was “a good day for everyone involved in Inflection AI” and that the company’s investors would see “good future upside”....
...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....
...Four dancers wearing stunning scarlet costumes by Reid Bartelme and Harriet Jung — a clever cross between a surplice and a unitard — ripple through Tanowitz’s measures with deadpan wit....
...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....
...In June, Inflection raised $1.3bn from several prominent corporate and personal investors, including Microsoft, Nvidia, Bill Gates and Reid Hoffman, who was the third co-founder of Inflection but is better...
...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....
...Three of the more commercially minded board directors resigned earlier this year — Presidential candidate Will Hurd, LinkedIn cofounder Reid Hoffman and Shivon Zilis, a VC who’s been friendly at least once...
...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...
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