Archives for 2020
Occidental to pay Warren Buffett with more shares, not dividend, on $10B investment
The shares will be used to pay the dividend Buffett’s Berkshire Hathaway is owed for investing $10 billion in Occidental last year. Source: FuelFix
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Global deal to cut oil output in sight after Mexico signs up
DUBAI, United Arab Emirates (AP) — The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production. Even more countries,...
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Oil exploration firm claims discovery of huge Alaska deposit
ANCHORAGE, Alaska (AP) — An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska’s North Slope region south of Prudhoe Bay, the company said. Pantheon Resources PLC said it located...
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Occidental seeks federal lifeline for oil industry
In a sign of how important the appeal is to Chief Executive Officer Vicki Hollub, employees are being urged to send a pre-written wish list to Congress members. Source: FuelFix
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Oil deal goes down to wire as Saudis, Russia debate details
Riyadh and Moscow continued to disagree over key details just hours before a virtual meeting of OPEC+. Source: FuelFix
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