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Tag Archives: petroleum

Why Carl Icahn put $ 400 million into Occidental Petroleum Stock

Investor Carl Icahn has reduced his substantial holdings of Occidental Petroleum by escalating the tensions between Oxy and Icahn due to the purchase of Anadarko Petroleum by Oxy] Icahn is tilting one-third of its stock or 10 million, and Icahn remains with 23 million shares worth 900 million dollars. In May, Icahn held $ 1.6 billion in Occidental, or 4.4% …

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Anadarko Petroleum sheds new light on Western finance

The Anadarko Petroleum logo can be seen on a contractor's hard hat on the company's oil rig in Fort Lupton, Colorado. Jamie Schwaberow | Bloomberg | Getty Images Anadarko Petroleum has released new financial details on Monday for its proposed combination with Occidental Petroleum, which shows that the acquirer did not expect to generate enough cash for its shareholders' payments …

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Man with theft of trade secrets from Oklahoma Petroleum Company

News Friday, December 21, 2018, 4:24 pm CST Updated : Friday, December 21, 2018, 16:44 CST Image ” style=”object-fit:contain;” height=”560″ data-reactid=”473″/> Image ” style=”object-fit:contain;” height=”560″ data-reactid=”473″/> Image of the US Department of Justice said it was pursuing an intellectual property theft case against a man accused of stealing trade secrets from an unnamed oil company in Oklahoma. Hongjin Tan, 35, …

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Qatar Petroleum invests $ 20 billion in the US

Mohamed Farag | Anadolu Agency | Getty Images A view of the headquarters of Qatar Petroleum in Doha, Qatar, on July 4, 2017. Qatar Petroleum (QP) plans to invest at least $ 20 billion in the US over the next few years, its chief executive officer Reuters said after the Arab Gulf state shut down OPEC, Doha was freed of …

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Marathon Petroleum to buy Andeavor for $ 20 billion, says WSJ

Marathon Petroleum Corp. plans to buy competing oil refineries Andeavor for more than $ 20 billion, the Wall Street Journal reported, in a deal that could create the largest fuel producer in the US The stock and cash offer values ​​Andevor at about $ 150 per share, the Journal said, citing an unidentified source. That's a premium of 23 percent …

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Marathon Petroleum buys Andeavor for more than $ 20 billion: WSJ

(Reuters) – Marathon Petroleum Corp plans to buy Andeavor for more than $ 20 billion, the Wall Street Journal reported on Sunday in a combination that would leapfrog Valero Energy Corp to cap the largest US refineries , The potential cash position, which is expected to be announced on Monday, estimates Andeavor to be around $ 150 per share, the …

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Natural gas: Bahrain announces the discovery of 80 billion barrels of oil

MANAMA: On Wednesday, Bahrain announced that its newly discovered shale oil reserve contained more than 80 billion barrels, which could turn the formerly marginal oil producer into a major player. The amount of recoverable oil – or oil that can be extracted – is under investigation, said Oil Minister Sheikh Mohammed bin Khalifa Al-Khalifa at a press conference in Manama. …

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