Mozambique Oil & Gas: Anadarko sets aside $150 mln for future LNG Park in 2018

Woodlands-based Anadarko said that approximately $150 million is expected to be invested in the Mozambique LNG project in 2018. The investment in the project is a part of Anadarko’s expected capital investment in the range of $4.2 to $4.6 billion for the year 2018.

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Global Oil & Gas: Anadarko becomes first U.S. oil producer to slash 2017 capex

U.S. oil producer Anadarko Petroleum Corp (APC.N) posted a larger-than-expected quarterly loss on Monday and said it would cut its 2017 capital budget by $300 million because of depressed oil prices CLc1, the first major U.S. oil producer to do so as reported by Reuters.

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Press Release: Anadarko Petroleum Announces Leadership Changes

Ernest A. Leyendecker Named EVP, International and Deepwater Exploration Darrell E. Hollek Named EVP, Operations HOUSTON, Aug. 23, 2016  – Anadarko Petroleum Corporation (NYSE: APC) today announced that Darrell Hollek, formerly Executive Vice President, U.S. Onshore Exploration and Production, has been named Executive Vice President, Operations with responsibility for the company’s U.S. onshore exploration, production and midstream activities, along with its Gulf of Mexico and international operations. The company also announced Ernie Leyendecker, formerly Sr….

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Global Oil & Gas: Anadarko Hires Former Sasol CEO

Anadarko Petroleum Corporation (NYSE: APC) has just announced the election of David E. Constable to serve as an independent director of the company, effective immediately. “David’s experience as a public company CEO, as well as his project-management expertise and international business experience, make him a particularly good fit for our Board of Directors,” said Anadarko Chairman, President and CEO Al Walker. “We are incredibly fortunate to have the benefit of David’s global perspective in the…

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Global Oil & Gas: Anadarko Announces Second-Quarter 2016 Results

Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the second quarter of 2016, including a net loss attributable to common stockholders of $692 million, or$1.36 per share (diluted). The net loss includes certain items typically excluded by the investment community in published estimates, which in the aggregate decreased net income by $388 million or $0.76 per share (diluted) on an after-tax basis.(1)Cash flow from operating activities in the second quarter of…

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