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Occidental Petroleum Announces Sale of Interest in BridgeTex Pipeline Generating Proceeds of $1.15 Billion
-Occidental Petroleum Corporation (NYSE: OXY) today announced the entrance into an agreement with Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings, L.P. (PAGP) to sell its 50 percent interest in BridgeTex Pipeline Company, LLC (BridgeTex) to PAA for $1.075 billion.

date.png06 Nov 2014 20:41 | comments.png 0 Comments | tags.png n-america occidental paalp pipeline usa [ More ]

Occidental Petroleum Announces Sale of Hugoton Field Assets As Part of Company’s Strategic Review
Occidental Petroleum Corporation (NYSE:OXY) today announced that it has reached a definitive agreement to sell its Hugoton Field assets to an undisclosed buyer for pre-tax proceeds of $1.4 billion. This sale was approved by the Board of Directors as part of Occidental’s strategic review to streamline and focus operations where it has depth and scale in order to better execute the Company’s long-term strategy and enhance value for shareholders.

date.png14 Feb 2014 07:30 | comments.png 0 Comments | tags.png n-america occidental upstream usa [ More ]

Occidental Petroleum Announces Agreement on Further Development of the Idd El Shargi North Dome Field, Offshore Qatar
Occidental Petroleum Corporation (NYSE: OXY) announced today that its wholly owned subsidiary Occidental Petroleum of Qatar Ltd. (Oxy Qatar) and Qatar Petroleum have agreed on the Phase 5 Field Development Plan (FDP) of the Idd El Shargi North Dome Field (ISND), offshore Qatar. The ISND Phase 5 FDP has been prepared in close cooperation between Oxy Qatar and Qatar Petroleum as part of the continued development of ISND under the Development and Production Sharing Agreement (DPSA) between the Government of the State of Qatar and Oxy Qatar, which was entered into in July 1994. The work has already begun and will continue to sustain oil production levels at about 100,000 barrels/day through the next six years.

date.png17 Jul 2013 08:23 | comments.png 0 Comments | tags.png m-east occidental qatar upstream [ More ]

Magellan Midstream and Occidental Petroleum Corporation Proceed with BridgeTex Pipeline to Deliver Crude Oil from the Permian Ba
Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”) and Occidental Petroleum Corporation (NYSE: OXY) announced today that they are proceeding with the construction of the previously announced BridgeTex Pipeline to transport Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast area.

date.png20 Nov 2012 18:41 | comments.png 0 Comments | tags.png magellan n-america occidental pipeline usa [ More ]

Magellan Midstream and Occidental Petroleum Extend Open Season for Proposed BridgeTex Pipeline to July 18
Magellan Midstream Partners, L.P. (NYSE: MMP) and Occidental Petroleum Corporation (NYSE: OXY) announced today a one-week extension of their binding open season initiated on June 11, 2012 to solicit capacity commitments from shippers to transport crude oil from Colorado City, Texas to the Houston Gulf Coast area on the proposed BridgeTex Pipeline. Binding commitments are now due on July 18, 2012.

date.png15 Jul 2012 07:50 | comments.png 0 Comments | tags.png magellan n-america occidental pipeline usa [ More ]

Magellan and Occidental Jointly Seek Commitments for Proposed BridgeTex Pipeline from the Permian Basin to Houston
Magellan Midstream Partners, L.P. (NYSE: MMP) and Occidental Petroleum Corporation (NYSE: OXY) announced today the launch of an open season to jointly assess customer interest to transport crude oil from Colorado City, Texas to the Houston Gulf Coast area. Interested customers must submit binding commitments by July 11, 2012.

date.png13 Jun 2012 23:53 | comments.png 0 Comments | tags.png magellan n-america occidental pipeline usa [ More ]

Occidental to Join ADNOC in Developing Giant Shah Gas Field in the UAE
Occidental Petroleum Corporation (NYSE:OXY) announced today it has been selected by the Government of Abu Dhabi to participate in the development of Abu Dhabi’s Shah gas field, one of the largest gas fields in the Middle East. Under the terms of the new agreement in principle, Oxy will hold a 40-percent participating interest in a 30-year contract. The Abu Dhabi National Oil Company (ADNOC) holds the remaining 60-percent interest.

date.png24 Jan 2011 13:38 | comments.png 0 Comments | tags.png abu-dhabi adnoc gas occidental uae upstream [ More ]
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