Occidental Petroleum Corporation has successfully completed its high-stakes acquisition of CrownRock, a prominent US-based oil and gas producer, in a landmark $12 billion deal. Announced in December 2023 and now finalised, this transaction represents a significant expansion of Occidental’s operations in the Midland Basin, one of the most prolific oil-producing regions in the United States. […]
Occidental (NYSE: OXY), a global leader in the oil and gas sector, has made a sensational move in the energy industry by announcing its acquisition of Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners. The deal, valued at an astonishing $12 billion, includes the assumption […]
Transocean Ltd. (NYSE: RIG), a leading player in offshore drilling, today announced a three-year contract for its new ultra-deepwater drillship, the Deepwater Aquila, with a national oil company in Brazil. Slated to commence in Q3 2024, the contract represents a firm backlog of approximately $486 million, excluding a mobilization fee calculated at 90 times the […]