Takeover Battle: Occidental Offers $57 Billion for Anadarko, Topping Chevron

By Jennifer Hiller HOUSTON, April 24 (Reuters) - Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp's $50 billion offer and sparking the first takeover battle for a major oil company in years. The surprise $76-per-share bid comes after Occidental had been trying to woo Anadarko and had made two … [Read more...]

Chevron to Acquire Anadarko in $33 Billion Energy Mega-Merger

By John Benny and Jennifer Hiller April 12 (Reuters) - Chevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion in cash and stock as the company doubles down on its bet on U.S. shale oil and gas production, where the surge in output has made the United States the world's largest energy producer. With oil prices surging this year, Chevron and … [Read more...]

Anadarko Ordered To Pay $159.5 Million For Deepwater Horizon Spill

Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The fine was the last big uncertainty hanging over Anadarko from the disaster. The order Monday comes after the government told U.S. District Judge Carl Barbier in New Orleans that the … [Read more...]

WATCH: Heidelberg Spar Upended in Gulf of Mexico

Anadarko's Heidelberg Spar has made the 400 mile trip from Ingleside, Texas to its new home at the Green Canyon 859 block in the deepwater Gulf of Mexico, where it has now been upended. The Heidelberg is an exact replica of Anadarko's Lucius facility, which began production in January 2015 in the Gulf of Mexico's Keathley Canyon area. The two facilities are Anadarko's … [Read more...]

WATCH: Heerema’s SSCV Thialf Installs Lucius Topsides

Hereema Marine Contractors' semi-submersible crane vessel Thialf, with the highest rated offshore lifting capacity in the world at 14,200 tons, placed the topsides facility atop Anadarko's Lucius Spar early this year while dynamically positioned 275 miles southeast of Galveston, Texas in approximately 7,000 feet of water.  The production facility weighed in at about 15,000 … [Read more...]