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.
Here’s a snapshot of energy deals from the past week including Occidental’s victory in the Anadarko Petroleum takeover battle plus Equinor’s $965 million Gulf of Mexico steal.
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.
Here’s a snapshot of energy deals from the past week including a deepwater Gulf of Mexico venture by LLOG plus the $415 million sale of Schlumberger’s Middle East drilling rig business.
OPEC oil output hit a four-year low in April due to further involuntary declines in sanctions-hit Iran and Venezuela and output restraint by top exporter Saudi Arabia.
