Anadarko Petroleum Corp. and Noble Energy Inc., Colorado’s largest oil producers, are waging a media campaign to promote the benefits of hydraulic fracturing as residents push statewide measures to restrict the drilling technique as a threat to the environment.
Claudio Descalzi’s nomination as chief executive officer of Eni SpA puts a life-long oil man in charge of Italy’s largest crude producer, demonstrating Prime Minister Matteo Renzi’s preference for technocrats over political appointees to run the country’s biggest companies.
South Africa will make sure its population benefits when it develops its shale gas and offshore oil industries and won’t repeat the errors it made with mining, said Zweli Mkhize, treasurer of the ruling party.
The $5 billion settlement of a long- running pollution case will free Anadarko Petroleum Corp. to rival the world’s biggest energy companies and pursue global ambitions from Mozambique to the Gulf of Mexico.
Anadarko Petroleum Corp. is to appear in court on April 4 to argue that it should pay as little as $850 million on a $20.8 billion environmental damage claim sought by creditors of bankrupt Tronox Inc. and the federal government against its Kerr-McGee unit.
South Africa’s National Council of Provinces approved changes to oil and mining laws that will give the state a free stake in new energy ventures and may force some mining companies to sell part of their output to local manufacturers.