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Clean & honest broker lacking colonial baggage: Russia investing in Africa’s huge energy potential

1 week ago DieselGasoil Comments Off on Clean & honest broker lacking colonial baggage: Russia investing in Africa’s huge energy potential
Africa’s economic potential is enormous: the continent contains significant mineral and energy deposits, a young and growing population, and an underdeveloped energy sector desperately in need of investment. Approximately 640 million people, or two-thirds of the entire populace, don’t have access to electricity. According to the African Development Bank, energy poverty reduces GDP growth by Read More

Russia to retain crown of world’s top wheat exporter

2 weeks ago DieselGasoil Comments Off on Russia to retain crown of world’s top wheat exporter
Global grain production is set for a sharp increase in the next 12 months with Russia remaining the top exporter, according to a report from the United States Department of Agriculture (USDA). The USDA projects global wheat production to grow by 46 million tons from the previous year to a record 777 million tons. Russia Read More

Satellite images of ‘Russian S-300 in US’ spark guessing game

2 weeks ago DieselGasoil Comments Off on Satellite images of ‘Russian S-300 in US’ spark guessing game
Satellite photos that purport to show Soviet-made S-300PT air defense systems at a US military site have surfaced online, prompting various theories about how and why they ended up there. The speculations began after an image of what appear to be two 5P85PT launchers on semi-trailers and a 30N6 fire control system were posted online Read More

Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa

3 weeks ago DieselGasoil Comments Off on Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa
5/6/2019 PARIS — Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of $8.8 billion in the event of a successful completion of Occidental’s ongoing bid for Anadarko. The transaction is contingent upon Occidental entering into and completing its Read More

Occidental delivers revised proposal to acquire Anadarko

3 weeks ago DieselGasoil Comments Off on Occidental delivers revised proposal to acquire Anadarko
5/6/2019 HOUSTON — Occidental Petroleum Corporation has delivered a letter to the Board of Directors of Anadarko Petroleum Corporation setting forth the terms of a revised and significantly enhanced superior proposal to acquire Anadarko for $76.00 per share comprised of $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common Read More

Occidental sweetens the deal for Anadarko, gaining an edge over Chevron bid

3 weeks ago DieselGasoil Comments Off on Occidental sweetens the deal for Anadarko, gaining an edge over Chevron bid
By Joe Carroll, Simon Casey and Rachel Adams-Heard on 5/6/2019 HOUSTON and NEW YORK (Bloomberg) — Occidental Petroleum Corp. moved a step closer to sealing its proposed $38-billion acquisition of Anadarko Petroleum Corp. after it sweetened its offer and agreed to sell assets owned by the target company. Occidental increased the cash portion of its Read More

Occidental agrees to contingent sale of Anadarko African assets to Total for $8.8 billion

3 weeks ago DieselGasoil Comments Off on Occidental agrees to contingent sale of Anadarko African assets to Total for $8.8 billion
5/5/2019 Photo: Patrick Pouyanné, chairman and CEO of Total. HOUSTON — Occidental Petroleum Corporation has announced that, in connection with Occidental’s proposal to acquire Anadarko Petroleum Corporation, it has entered into a binding agreement to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. for $8.8 billion. The sale is contingent upon Read More

Total enters $8.8 billion deal with Occidental for Anadarko’s Africa assets

3 weeks ago DieselGasoil Comments Off on Total enters $8.8 billion deal with Occidental for Anadarko’s Africa assets
FILE PHOTO: The logo of French oil major Total on a flag at La Defense business and financial district in Courbevoie near Paris, France. May 16, 2018. REUTERS/Charles Platiau/File Photo PARIS (Reuters) – French energy major Total said on Sunday it had reached a binding agreement with Occidental to acquire Anadarko assets in Algeria, Ghana, Read More

Occidental aggrees to contingents sale of Anadarko African assets to Total for $8.8 billion

3 weeks ago DieselGasoil Comments Off on Occidental aggrees to contingents sale of Anadarko African assets to Total for $8.8 billion
5/5/2019 HOUSTON — Occidental Petroleum Corporation has announced that, in connection with Occidental’s proposal to acquire Anadarko Petroleum Corporation, it has entered into a binding agreement to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. for $8.8 billion. The sale is contingent upon Occidental entering into and completing its proposal to Read More