Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is the fourth largest U.S. oil and gas company, based on equity market capitalization.
20/01/11Occidental Petroleum takes 40% interest in massive Shah Gas Field in Abu Dhabi
22/10/09Occidental Petroleum production and sales growth increases in third quarter
Recent Sector News
The corruption scandal, Brazil’s largest and nicknamed ‘Lava-jato’ (car wash), forced the company to delay the release of its 2014 audited annual and quarterly (third and fourth quarter) results on several occasions.
The intertwining of politics and business of the Petrobras scandal, however, serves as a reminder of Brazil’s dark decade of the eighties when business and political interests were too closely aligned, functioning on the wrong side of the Law.
Argentina focused Madalena increases 2014 production by 165%, adds significant conventional reserves
Madalena Energy (CVE:MVN) (OTC:MDLNF), which is an Argentina focused oil and gas energy company, increased its conventional oil and gas reserves on its conventional assets alone by 297% in 2014 through a highly accretive acquisition and successful horizontal drilling in Argentina.
Calvalley, which has most of its operations in Yemen, said that it would liquidate and restructure the Company as part of an arrangement with Calvalley Energy Limited, a wholly-owned subsidiary of Calvalley (based in Cyprus), under the Canada Business Corporations Act.
Madalena, an Argentina focused E&P with a portfolio of prime unconventional assets and resource plays, is focused on applying North American based horizontal technology to unlock significant upside across its strategic resource plays.
The three well appraisal program has allowed Deloitte and Niko to better understand the reservoir after the first appraisal well, MJ‐A1, in the Northern Fault retuned favorable results.
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