John Christiansen News
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Plains Exploration & Production Co. shareholders are anticipating positive results from an oil well discovery, stoking bets that Freeport-McMoRan Copper & Gold Inc. will be forced to boost its takeover bid.
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Two Basic Energy Services Inc. employees were killed and two others remain hospitalized in West Texas after an April 5 blowout at an Anadarko Petroleum Corp. oil and natural gas well.
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Anadarko Petroleum Corp. Executive Chairman Jim Hackett plans to attend Harvard Divinity School following his retirement from the $41.8 billion oil and natural gas company he led for almost 10 years.
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BP Plc, Transocean Ltd. and Halliburton Co. must convince a federal judge that mistakes that led to the 2010 Gulf of Mexico oil spill don’t amount to gross negligence if they are to avoid billions of dollars in damages for the largest offshore oil spill in U.S. history.
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Oil & Natural Gas Corp. and Oil India Ltd., Indian state-run energy companies, made a joint bid to buy a 20 percent stake in a Mozambique gas field, a person with direct knowledge of the matter said.
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PetroSA, South Africa’s state-owned oil company, sold a stake in blocks 5, 6 and 7 off South Africa’s west coast to Anadarko Petroleum Corp., marking the U.S. producer’s entry into the country.
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A wave of shareholder rebellions and executive retirements that’s left at least six North American oil and gas companies searching for chief executive officers is leading toward a bidding war for the industry’s best leaders.
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Anadarko Petroleum Corp. , the U.S. partner in BP Plc’s damaged Gulf of Mexico well, said it made the first documented deep-water oil find off the coast of East Africa in Mozambique’s Rovuma Basin.
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Deep-water oil exploration has been disrupted from the Gulf of Mexico to Brazil by the discovery of faulty bolts used in safety equipment less than three years after the worst-ever U.S. maritime crude spill.
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Anadarko Petroleum Corp., the largest independent U.S. oil and natural-gas producer by market value, rose the most in a month after announcing an Algerian tax settlement that will increase revenue by $1.8 billion in the first year.
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