Archives for 2019
Rig count dips in Permian as oil prices fall
As crude prices plunged in recent weeks, the number rigs drilling in West Texas’ booming Permian Basin continues to fall. Source: FuelFix
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Anadarko’s CEO Gets a $98 Million Golden Parachute After Sale
Anadarko Petroleum Corp. Chief Executive Officer Al Walker will receive a golden parachute worth $98 million following the oil producer’s $38 billion sale to U.S. rival Occidental Petroleum Corp. The payout is part of $300...
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Oxy's pursuit of Anadarko – two years in the making
Occidental Petroleum’s pending $38 billion acquisition of Anadarko Petroleum is a nearly two-year tale of Oxy’s pursuit and repeated rejection until, in May, when The Woodlands-based Anadarko finally agreed to merge with Houston’s Oxy. Source:...
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Union: Dow Chemical lockout to end
Dow Chemical has ended its lockout of 235 chemical workers in Deer Park and workers will return to work Monday, the United Steelworkers union said Thursday evening.The lockout comes six weeks after Dow locked at...
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Oil rebound continues as Saudis and Russia pledge coordination
Oil continued its rebound, heading for the biggest two-day gain since April, as Saudi Arabia and Russia reiterated their commitment to working together to keep the market balanced. Source: FuelFix
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