anadarko petroleum corp (APC) Key Developments
Anadarko Considering Sale Of Mozambique Gas Assets To Exxon Or Qatar Petroleum
Apr 17 15
Anadarko Petroleum Corporation (NYSE:APC) might be selling its remaining 26.5% stake in Mozambique's offshore Area 1 license to either Exxon Mobil Corporation (NYSE:XOM) or Qatar Petroleum. An Exxon Mobil spokesman said, "We never comment on speculation or potential business opportunities."
Anadarko said it does not comment on market speculation. Qatar Petroleum, which is itself consolidating after the plunge in oil prices, did not respond to Reuters requests for comment.
Exxon Reportedly Front-Runner For Anadarko's Mozambique Gas Assets
Apr 17 15
Anadarko Petroleum Corporation (NYSE:APC) is considering selling its stake in Mozambique's gas reserves, sources told. Exxon Mobil Corporation (NYSE:XOM) appears to be the front-runner, though Qatar Petroleum is another likely contender. Royal Dutch Shell plc (ENXTAM:RDSA) has reportedly dropped out after announcing another acquisition.
Anadarko Petroleum Corporation Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-24-2015
Mar 24 15
Anadarko Petroleum Corporation Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-24-2015 . Venue: Roosevelt New Orleans Hotel, 130 Roosevelt Way, New Orleans, Louisiana, United States.
Anadarko Petroleum Corporation Announces Capital Expenditure and Sales Volume Guidance for the First Quarter and Full Year of 2015
Mar 3 15
Anadarko Petroleum Corporation announced that it is cutting capital expenditures by 33% in 2015 and is not chasing year-on-year growth because of the weak oil prices. The company anticipates approximately 5% year-over-year oil sales-volume growth in 2015, on a divestiture-adjusted basis. It expects total sales volume 295 to 301 MMBOE in 2015, little changed from 2014. Given the current commodity price environment it has reduced its initial 2015 capital expectations by about 33%, with short-cycle U.S. onshore rig activity cut by 40%. It plans to defer 125 onshore well completions. capital investment excluding Western Gas Partners, for 2015 the range is likely to be $5.4 billion to $5.8 billion.
For the first quarter of 2015, it expects capital investment excluding Western Gas Partners, of $1.7 billion to $1.9 billion. It expects total sales volume of 79 to 82 MMBOE.
Enterprise Products Partners LP, Anadarko Petroleum Corp., DCP Midstream Partners LP and MarkWest Energy Partners LP Form Joint Venture
Feb 24 15
A joint venture for a natural gas liquid pipeline in Texas between Enterprise Products Partners LP and Anadarko Petroleum Corp., DCP Midstream Partners LP and MarkWest Energy Partners LP formed February 24, 2015. The 181-mile Panola NGL pipeline extends between Carthage, Texas, and Mont Belvieu, Texas, the latter of which is just outside Baytown and is home to refineries owned by Phillips 66, Irving, Texas-based Exxon Mobil Corp. and Enterprise Products.