Anadarko EVP Mitch Ingram said that the Mozambique LNG project appears to be in position to take FID (Final Investment Decision) in the first half of 2019. Ingram was speaking at an energy conference this week. He also noted that Anadarko has found there to be roughly $4 billion in cost savings compared to its 2016 estimates. Mozambique Area 1
As oil and gas companies dive into the Q4 earnings season in the coming days and weeks, more and more chief executives at E&Ps and oilfield service companies will share their insight as to their recent operations, thoughts about where the industry is headed, technological advancements and plans for 2018. Catching up with some of the earnings calls from the
Production from the full five-field West Nile Delta development, the Giza-Fayoum-Raven project, is expected to represent about 30% of Egypt’s current production BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, with assets coming up in Europe, North Africa and North America. David O’Connor, BP’s head of global projects, gave a
GOM, Delaware, DJ producer targets $1 billion in share buybacks during 2017; expects 2018 capital program to be within cash flow Anadarko Petroleum Corporation’s (ticker: APC) board of directors has authorized a $2.5 billion share-repurchase program through the end of 2018, the company announced Wednesday. “We believe this is a very attractive use of our cash given the value of
Headquartered in Tulsa, Oklahoma, Midstates Petroleum (ticker: MPO) focuses its operations on oil and liquids-rich plays in the Mississippian Lime in Oklahoma, and the Anadarko basin in Oklahoma and Texas. The company’s Mississippian Lime assets total approximately 98,000 net acres, containing approximately 1,500 potential drilling locations. The Mississippian Lime is a carbonate play located primarily in Northern Oklahoma and Southern
Wells Fargo assesses fallout for Colorado oil and gas operators The cut natural gas flowline that preliminary investigations have said caused the house explosion incident in Firestone, Colorado, in Weld County, has led Anadarko Petroleum (ticker: APC) to take significant action to shut in and inspect gas lines from its vertical wells in northeastern Colorado. “We temporarily shut in all of our
Wells represent production of 13,000 net BOEPD In the wake of an April 17th home explosion in Firestone, Colorado, in Weld County, where it is one of the largest oil and gas operators, Anadarko Petroleum (ticker: APC) announced that it has opted to shut in 3,000 producing vertical wells in northeastern Colorado, in order to complete comprehensive well inspections. Anadarko said it
Sanchez Energy and Blackstone Energy Partners form 50/50 venture to acquire Anadarko Comanche assets producing approximately 67,000 BOEPD (33,500 net to Sanchez) Sanchez Energy Corporation (ticker: SN) and funds managed by Blackstone Energy Partners (ticker: BX) have entered a strategic 50/50 partnership and together they have signed a definitive purchase agreement to acquire Anadarko Petroleum Corporation’s (ticker: APC) working interest in approximately 318,000 gross operated
Indeed releases its ‘Best Places to Work’ rankings International employment website Indeed serves more than 200 million people each month who are searching for jobs, posting resumes, and researching companies in 60 countries. According to Indeed’s research, visitors who were oil and gas sector employees, former employees and job seekers who visited Indeed.com who posted reviews of the oil and gas
Anadarko Petroleum Corporation (ticker: APC; www.anadarko.com) announced on February 9, 2016, that the board of directors had approved a reduction in the company’s common stock dividend. The new quarterly dividend was announced as $0.05 per share payable March 23, 2016, which is an 81.5% reduction from the previous of dividend of $0.27 per share that was paid on December 23,
Receives Near-term Debt Relief by Extending Credit Maturities Anadarko Petroleum (ticker: APC) provided a fourth quarter update prior to the opening of the market on December 17, 2015, highlighting news from its drilling program and adjustments to its credit facilities. The Woodlands-based company announced the renewal of its $2 billion, 364-day credit facility to a new maturity in January 2017,
The Supreme Court has decided not to hear the case for BP and Anadarko, upholding lower court’s liability decision Appeals by BP (ticker: BP) and Anadarko Petroleum (ticker: APC) will not be heard by the Supreme Court, meaning the decision to hold the two companies liable for the Deepwater Horizon oil spill in the Gulf of Mexico in 2010 will
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