Occidental Petroleum Corporation will look to sell a minority stake in its Middle East and North African (Mena) operations and said it will consider options for some of its oil and gas assets in the Rocky Mountain region.
Occidental Petroleum is looking to sell a minority stake in its Middle East operations, two sources familiar with the matter said, as part of a broader plan to split up the company.
Chief executive Steve Chazen has spoken openly s
Bahrain Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Mohammed Al Khalifa held meetings with top officials of leading US petroleum companies on the cutting-edge oil exploration and production technologies.
A major agreement has been signed between Bahrain and the US Occidental Petroleum Corporation for deep gas exploration, according to Energy Minister Dr Abdulhussain Mirza.
Occidental will carry out drilling for gas and Bahrain would not be
Occidental Petroleum (Oxy) will have a 40 per cent share in the Abu Dhabi National Oil Company's (Adnoc) Shah gas project, the UAE state news agency WAM said on Thursday.
Adnoc chose Occidental for the project, estimated to be worth $1
Bahrain has named US company Occidental Petroleum (Oxy) as the winner of a deep gas contract it had floated more than a year ago.
Oxy will now begin to drill for gas onshore in the Bahrain Field and could go up to a depth of 20,000 feet in
US oil major Occidental Petroleum Corp and Indonesian state oil firm Pertamina have shown an interest in taking a stake in Sonangol's two Iraqi oilfield development projects, a company official said Sunday.
"Our proposal will be for Sonang
Occidental Petroleum, a US-based oil and gas exploration and production company, has promoted Isam al Zadjali to the position of president and general manager of Occidental of Oman.
A national of Oman, he succeeds Glenn Vangolen, who will
Royal Dutch Shell and US Occidental Petroleum are the front-runners to win a multibillion-dollar project to develop sour gas reserves in the UAE, industry sources said.
The project is one of the biggest this year available to international
Four international oil companies have bid for a multibillion-dollar project to develop the Shah sour gas field in the UAE, company and industry sources said.
The project is one of the largest this year for companies vying for limited acces