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 Vaca Muerta shale is believed to be the world's second largest shale gas and fourth largest shale oil formation, with the area containing an estimated 27 billion barrels of shale oil.
Investors in Falcon Oil & Gas (LON:FOG, CVE:FO) can celebrate tentatively as drilling has now began at the hotly anticipated Austalian shale venture.
The Alabama-headquartered oil producer, which claimed having 373 million barrels of oil equivalent (BOE) in proven reserves at the end of 2014, will use the funds to support increased drilling in the Midland Basin later this year.
Argentina has one of the most important non-conventional oil deposits in the world in the Vaca Muerta shale and has a huge opportunity to implement horizontal technology into already defined conventional (non-shale) resource plays
The new discovery suggests exploration activities are proceeding as planned as the company tries to move away from scandal and junk ratings.
Madalena increases production and revenues in Q1-2015, continuing its active Argentina drill program
The company said it has started operational planning related to the drilling of four strategic resource plays including additional follow-up horizontals in the Loma Montosa oil resource play.
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