Occidental Petroleum
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As Oxy looks to divest billions in assets and focus more on its prime US shale fields, it sheds itself of the ISND and ISSD fields off the eastern coast of Doha. In announcing the lease loss last year, Oxy said the fields need significant infrastructural investment.
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The 16-MW solar facility in Ector County, Texas, near Odessa, powers the Goldsmith field through deployment of 174,000 photovoltaic panels.
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Drilling change requires training drillers. Leadership matters, as does motivation, engaging displays, and understanding office politics. Four different looks at the human side of drilling productivity improvement.
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Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253.
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The biggest merger in the oil and gas industry in 3 years has become official, making Oxy the largest holder of land in both the Permian Basin and DJ Basin.
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The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems.
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The oil industry is investigating carbon capture and sequestration projects after Congress passed expanded tax credits last year. But questions linger about how much industry investments will actually lower greenhouse gases.
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The $20-billion FID is the largest ever for a sub-Saharan oil and gas project. The project’s location on the African east coast puts it in optimal position to sell LNG to the lucrative Asian market.
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Oxy has won the fight for Anadarko. Citing capital discipline as the reason, Chevron has elected not to make another bid for the independent.
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Anadarko Petroleum now plans to exit its agreement with Chevron after deeming Occidental Petroleum's revised takeover bid "superior."