Tag: Oxy

MEEI approves Oxy’s investment in TTUD-1 ultra-deep block

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CARACAS, VENEZUELA  (By Piero Stewart, Energy Analytics Institute, 8.Jun.2026, Words: 199) — Officials from Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) met with representatives from ExxonMobil Trinidad and Tobago Limited and Occidental Petroleum (Oxy). The meeting took place at MEEI’s head office, International Waterfront Complex, Port of Spain.

OXY reports average 1Q:26 production of 1,426 thousand Mboe/d

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ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 5.May.2026, Words: 195) — Occidental (OXY) said total global production in the first quarter 2026 (1Q:26) averaged 1,426 thousand Mboe/d.  This surpassed the high end of guidance led by contributions from the Permian, Rockies and Gulf of America business units. 

OXY reveals CEO succession, replacement to succeed Vicki Hollub

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HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 1.May.2026, Words: 115) — The board of directors of Houston-based Occidental (OXY) named senior vice president and chief operating officer Richard Jackson to succeed Vicki Hollub as president and chief executive officer upon her retirement.  Jackson will join the board, effective 1 Jun. RELATED: […]

OXY reports oil find in the Gulf of America (formerly GOM) at Bandit

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BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 9.Apr.2026, Word: 184) — Occidental (OXY) announced an oil discovery at the Bandit prospect in the Gulf of America (formerly the Gulf of Mexico), about 125 miles south of the Louisiana coast.  The exploration well, located in Green Canyon Block 680, encountered […]

1PointFive reveals 50,000 metric ton CO2 removal deal with JPMorganChase

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HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 24.Jun.2025, Words: 329) — JPMorganChase entered a deal with 1PointFive for the purchase of 50,000 metric tons of carbon dioxide removal (CDR) credits over 10 years enabled by direct air capture (DAC).  1PointFive’s first DAC facility, STRATOS, is currently under construction in […]

Massive New IPO to Hoist Venture Global Into Energy Elite

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(Bloomberg, 14.Nov.2024) — Venture Global LNG Inc. is poised to join the upper echelon of US energy companies that includes Occidental Petroleum Corp. and PG&E Corp. with one of the world’s biggest IPO’s of the year. The Gulf Coast natural gas exporter’s plan to file for an initial public offering […]

Oxy Reports 3Q:24 Results, Updates on OxyChem (PDF Downloads)

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(Oxy, 12.Nov.2024) — Occidental announced net income attributable to common stockholders of $964mn, or $0.98 per diluted share and adjusted income attributable to common stockholders of $977mn, or $1.00 per diluted share for the third quarter of 2024. “Strong operational performance across all segments has resulted in our highest quarterly […]

Oxy on Continued Progress on Debt Reduction, Divestiture Initiatives

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(Oxy, 19.Aug.2024) — Occidental announced it has achieved $3bn in principal debt reduction in the third quarter of 2024, utilizing robust organic cash flow from operations and proceeds from divestitures. “We are pleased with the rapid and significant progress of our deleveraging program along with enhancements made to our already […]

OXY Announces Commencement of Exchange Offer for CrownRock Notes

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(Occidental, 19.Jul.2024) — Occidental announced that it has commenced a private exchange offer to certain eligible holders (the “Exchange Offer”) for any and all outstanding 5.000% Senior Notes due 2029 (the “CrownRock Notes”) issued by CrownRock, L.P. and CrownRock Finance, Inc. for up to $376,084,000 aggregate principal amount of new notes […]

Occidental to Buy CrownRock for $12bn

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(Oxy, 11.Dec.2023) — Occidental (NYSE: OXY) entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12bn, including the assumption of CrownRock’s debt. Highlights include: Expected […]

Occidental Announces 1Q:23 Results

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(Oxy, 9.May.2023) — Occidental (NYSE: OXY) announced net income attributable to common stockholders for the first quarter of 2023 of $983mn, or $1.00 per diluted share, and adjusted income attributable to common stockholders of $1.1bn, or $1.09 per diluted share.  Highlights: Strong operational performance drove cash flow from operations of $2.9bn […]

Houston Texans to Purchase Carbon Removal Credits

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(Oxy, 6.Jan.2023) — 1PointFive, a subsidiary of Occidental’s (NYSE: OXY) Low Carbon Ventures (OLCV) business, today announced an agreement and sponsorship with the Houston Texans whereby the Texans have agreed to purchase carbon dioxide (CO2) removal credits from 1PointFive’s first Direct Air Capture (DAC) plant, which is expected to be […]

Energy Analytics Institute’s NRGBriefs: November 2022

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(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching its strategic plan for 2023-27; US Secretary of State Antony Blinken welcoming resumption of Venezuelan-led negotiations in Mexico City between the ruling party and opposition […]

Occidental Reveals 3Q:22 Results

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(Oxy, 8.Nov.2022) — Occidental (NYSE: OXY) announced net income attributable to common stockholders for the third quarter of 2022 of $2.5bn, or $2.52 per diluted share, and adjusted income attributable to common stockholders of $2.5bn, or $2.44 per diluted share. This is compared to net income attributable to common stockholders […]

NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal

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(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombia’s Caribbean coast; Frontera Energy releasing its 2021 sustainability report; and PetroChina establishing an effective ESG management mechanism. LATIN AMERICA AND […]

Oxy Reveals Cash Tender Offers for Certain Senior Notes

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(Oxy, 16.May.2022) — Occidental (NYSE: OXY) has commenced cash tender offers to purchase its outstanding notes listed in the tables below in three separate pools. Occidental’s obligation to accept for purchase, based on the Acceptance Priority Levels (as defined below) set forth in the columns entitled “Acceptance Priority Level” in the […]

Colombia’s Energy Self-Sufficiency at Risk

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(Rystad Energy, 23.Dec.2021) — Colombia, Latin America’s third-largest oil producer after Brazil and Mexico, is in danger of losing its energy self-sufficiency and a significant part of its gross domestic product (GDP) in the future, unless the pace of exploration accelerates, a Rystad Energy report has revealed. The country’s oil […]

Total Buys Occidental Petroleum’s Assets in Ghana

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(Total, 18.May.2020) — In August 2019, Total and Occidental Petroleum entered into a Purchase and Sale Agreement (PSA) in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets. The PSA […]

GeoPark Closes Amerisur Acquisition

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(GeoPark, 16.Jan.2020) — GeoPark Limited closed the previously announced acquisition of Amerisur Resources Plc. GeoPark acquired the entire issued share capital of Amerisur for a total cash consideration of approximately $314 million (approximately ÂŁ242 million at an offer price of 19.21 pence per share). The Company is funding the transaction […]

LatAmNRG Q&A With ANH Colombia: Exploratory Drilling To Start In 2H:20

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(Energy Analytics Institute, Piero Stewart, 24.May.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals, unconventionals to renewables, Colombia’s Hydrocarbons National Agency (ANH) weighs in on some of our Colombia-related questions. What follows are excerpts from our series: LatAmNRG Q&A […]

Total CEO Says Planned Buy Of Anadarko’s Africa Assets ‘Perfectly Fitting’

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(Reuters, Humeyra Pamuk, 16.May.2019) — French energy giant Total SA’s planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall strategy and helps play to its strengths, Chief Executive Patrick Pouyanne said on Thursday. Total agreed to buy all of Anadarko’s oil-and-gas-producing assets outside the […]

WoodMac: Chevron Exits Bidding War For Anadarko

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(WoodMac, 9.May.2019) — Chevron Corporation today announced that it would not offer a counter proposal to Occidental Petroleum’s rival bid to acquire Anadarko Petroleum. Earlier this week, Anadarko said it had received an offer from Occidental that was superior to a previously-arranged deal with Chevron. Chevron said it would allow […]

Ecopetrol Output Around 725 Mb/d

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(Energy Analytics Institute, Piero Stewart, 25.Mar.2015) – During the first two months of 2015 Ecopetrol’s production remained around 725 Mb/d primarily due to record production at the Castilla and Chichimene fields located in El Meta, and in the La Cira Infantas field located in Middle Magdalena Medio. This average represents […]