United States

David French

South Texas oil producer 1776 Energy up for sale

May 20 2019

(This May 17 story corrects the founder's name to William R., from Jim in paragraph 2)

Apollo in talks to back Jupiter's U.S. crude pipeline, export projects: sources

May 10 2019

HOUSTON/NEW YORK Private equity firm Apollo Global Management LLC is in advanced talks to help finance a proposed oil pipeline and export terminal on the U.S. Gulf Coast, according to people familiar with the discussions.

New Colorado environmental law stalls oil investment

May 09 2019

New environmental regulations in Colorado have chilled investment in the state's oil and gas fields as companies grapple with how local officials will respond to a law giving them more power to restrict energy production.

Occidental tweaks $38 billion Anadarko bid to remove shareholder vote

May 05 2019

Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp on Sunday, removing a requirement for any deal to receive the approval of Occidental's shareholders.

UPDATE 1-Rice Energy founder to drop lawsuit against energy producer EQT

May 05 2019

May 5 Toby Rice, the co-founder of Rice Energy, which was acquired by EQT Corp in 2017, said in a statement on Sunday he would drop his lawsuit against EQT after the U.S. oil and gas producer said it was not seeking to manipulate the outcome of his board challenge.

Exclusive: Fieldwood seeks partnerships as energy IPOs stall - sources

May 03 2019

NEW YORK Gulf of Mexico oil producer Fieldwood Energy LLC has met with companies in the United States and Europe to discuss potential strategic partnerships, joint ventures or farm-in agreements, four people familiar with the talks said on Friday.

Buffett's Berkshire helps bankroll Occidental's $38 billion bid for Anadarko

Apr 30 2019

Warren Buffett's Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp's $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp.

Anadarko to negotiate sale to Occidental 'superior' to Chevron deal

Apr 29 2019

Anadarko Petroleum Corp said on Monday it would negotiate with Occidental Petroleum Corp over its $38 billion cash-and-stock bid, after determining it could get a better deal than its agreed $33 billion sale to Chevron Corp.

Exclusive: Anadarko to pursue deal talks with Occidental Petroleum - sources

Apr 29 2019

Anadarko Petroleum Corp, the U.S. oil and gas exploration and production company that agreed this month to sell itself to Chevron Corp for $33 billion (£25.5 billion), decided on Sunday to begin negotiations to sell itself to Occidental Petroleum Corp instead, according to people familiar with the matter.

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