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People Daily (Free subscription) | 26/09/2008
Oil giant Occidental Petroleum Corp. said Thursday it will buy out a partner's stakes in two jointly operated oil and gas fields in U.S. Midwest for 1.25 billion U.S. dollars. The fields produce about 13,000 barrels of oil equivalent per day, and have about 92 million barrels in proved reserves, said the Los Angeles-based company in a statement. Occidental currently operates the two fields jointly...
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Law Blog - WSJ.com (Free subscription) | 25/09/2008
Occidental Petroleum agreed to acquire the 50% interest it didn't already own in two Midwest oil-and-gas fields from Plains Exploration & Production for $1.25 billion.
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Law Blog - WSJ.com (Free subscription) | 25/09/2008
Occidental Petroleum agreed to acquire the 50% interest it didn't already own in two Midwest oil-and-gas fields from Plains Exploration & Production for $1.25 billion.
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Market Watch (Free subscription) | 25/09/2008
NEW YORK (MarketWatch) -- Plains Exploration & Production Co. said Thursday that it will sell certain interests in oil and gas properties for $1.25 billion to Occidental Petroleum Corporation . The properties involved are in the Permian Basin in Texas and New Mexico and the Piceance Basin in Colorado. The Houston-based oil and gas company said the sale reduces its corporate debt by at least $1 billion...
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Ecuador Rising - Hatarinchej (Free subscription) | 13/09/2008
QUITO, Sept 10 (Reuters) - A World Bank court has denied a petition by Ecuador to drop a $3.2 billion claim filed by Occidental Petroleum, the country's top attorney said on Wednesday. The ruling highlights growing risk of monetary liability for the leftist government next year. Inspector General Diego Garcia said the World Bank's International Centre for Settlement of Investment Disputes denied Ecuador's...
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Ecuador Rising - Hatarinchej (Free subscription) | 13/09/2008
QUITO -(Dow Jones) September 10 - A panel from the World Bank's International Center for Settlement of Investment Disputes, or Icsid, said late Tuesday that it has jurisdiction for the claim of the U.S.-based oil company Occidental Petroleum Corp. (OXY) against Ecuador . "This is a problem in the Ecuadorian defense," a high official from the Attorney General Office told Dow Jones Newswires on Wednesday....
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Los Angeles Times (Free subscription) | 09/09/2008
The state Legislature passes a bill to let the city negotiate a contract with Occidental Petroleum. Long Beach isn't waiting for Congress and the presidential candidates to do something about reducing America's dependence on imported foreign oil.
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Market Wire - Investment Opinion (Free subscription) | 29/08/2008
LONDON (MARKET WIRE) MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for Occidental Petroleum Corporation (NYSE: OXY), Advanced Micro...
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Market Watch (Free subscription) | 12/08/2008
SAN FRANCISCO (MarketWatch) -- A modest uptick in crude-oil prices gave a lift Tuesday to oil and gas stocks at the open. The Amex Oil Index was ahead 0.7% at 1,303 points in early trades, led by Occidental Petroleum's 1.3% gain. The Amex Natural Gas Index was ahead 0.8% and the Philadelphia Oil Service Index was up 0.7%. Crude-oil for September delivery was ahead 20 cents at $114.65 a barrel in New...
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Ecuador Rising - Hatarinchej (Free subscription) | 08/08/2008
QUITO, Aug. 6 ( Xinhua ) -- Ecuador's state-owned company Petroamazonas will start to operate the oil fields left by California-based Occidental Petroleum Corp. for five years next Tuesday, Petroecuador announced Wednesday. Petroamazonas will replace a temporary administrative unit of Petroecuador to manage the so-called Bloc 15 fields left by Occidental. Currently the daily production of Bloc 15 is...
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Business Wire (Free subscription) | 05/08/2008
CHICAGO--(BUSINESS WIRE)--Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one