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Occidental Petroleum in Talks to Sell African Oil Fields for More Than $500 Million

Author Bio Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo According to a report by Reuters,  Occidental Petroleum (NYSE:OXY) is in talks to sell its oil and gas fields in Ghana for more than $500 million. The prospective buyer is Boru Energy, an energy company backed by private equity giant  Carlyle Group (NASDAQ:CG) and led by former Tullow Oil CEO Aidan Heavey. 

Oil, Gas, And Fracking News Read14March 2021

The natural gas storage report from the EIA for the week ending March 5th indicated that the amount of natural gas held in underground storage in the US fell by 52 billion cubic feet to 1,793 billion cubic feet by the end of the week, which left our gas supplies 257 billion cubic feet, or 12.5% below the 2,050 billion cubic feet that were in storage on March 5th of last year, and 141 billion cubic feet, or 7.3% below the five-year average of 1,934 billion cubic feet of natural gas that have been in storage as of the 5th of March in recent years..the 52 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast of a 65 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, and was also less than 72 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and less than the average withdrawal of 89 billion cubic feet of natural gas that have been pulled out of nat

Carl Icahn Selling Large Stake in Occidental Petroleum

Carl Icahn Selling Large Stake in Occidental Petroleum
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Appointment of New Chief Operating Officer

Appointment of New Chief Operating Officer
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