Marathon Three Forks discovery, Marcellus completions from Chesapeake and Cabot plus an offshore discovery by Exxon Mobil top this week’s drilling activity highlights from around the world.
Total CEO Patrick Pouyanne said he is not worried by media reports that Algiers would block the deal to buy Anadarko Petroleum's assets in the country.
Senegal started importing turbines for its first large-scale wind farm on May 23, the biggest such project in West Africa that will supply nearly a sixth of the country's power.
Speaking at an event in Washington, Total CEO Patrick Pouyanne said the oil major has had its eyes on Anadarko's Africa assets for more than a year.
Occidental Petroleum entered a merger agreement with Anadarko Petroleum on May 9, bringing to an end Occidental’s pursuit for The Woodlands, Texas-based independent.
Throwing out the rulebook that expects CEOs to be surrounded by investment bankers and other advisers when dealmaking has become a trademark for Total CEO Patrick Pouyanne.
Chevron said May 9 it will not make a counterproposal to acquire Anadarko Petroleum, leaving Occidental Petroleum the winner of the takeover battle for The Woodlands, Texas-based independent.
Occidental Petroleum agreed on May 5 to sell Anadarko’s African assets to Total for $8.8 billion as the company continues its takeover battle with Chevron.