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Occidental Petroleum Faces Lawsuit Over Payment of Crude Deliveries

2020-07-17 00:00:00| OGI

In the lawsuit, midstream marketing firm MidCon Gathering alleges Occidental did not pay for crude deliveries, the latest dispute to arise from production shut-ins prompted by a crash in oil prices this year.

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Marketed: Callon Petroleum Nonop Permian Basin, Eagle Ford Portfolio

2020-07-14 21:25:00| OGI

Callon Petroleum retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its nonoperated working interest portfolio in the Permian Basin and Eagle Ford.

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Woodside Petroleum to Take $4.37 Billion Loss from Coronavirus

2020-07-14 14:50:10| OGI

The bulk of the impairment$3.92 billionis tied to Woodside cutting the value of oil and gas production and exploration assets, amid "increased uncertainty" over the development timing of gas fields off Australia and in Canada.

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Mexico and Canada are the biggest recipients of US petroleum exports

2020-06-30 10:55:41| Green Car Congress

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Occidental Petroleum Warns of Up to $9 Billion Asset Write-down

2020-06-25 16:30:00| OGI

Occidental Petroleum separately said it would buy back up to $1.5 billion worth of senior notes as it tries to reduce its debt, which ballooned after an ill-timed acquisition of Anadarko Petroleum last year.

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