US-based oil company Anadarko denied on Friday that it had broken the law in the process of obtaining title to the land where it will build the facilities for its natural gas project in northern Mozambique.
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(Reuters) – The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate.
Read MoreWoodlands-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.
Read MoreU.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.
Read MoreErnest 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….
Read MoreAnadarko 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…
Read MoreAnadarko 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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