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