Oil Giant Total SA Goes Further in Liquefied Natural Gas With $8.8 Billion Deal in Africa

📆 5/11/2019 10:00 PM
📰 WSJ

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Total SA’s $8.8 billion deal to buy the African assets of Anadarko Petroleum brings the French oil giant closer to its goal of being a cleaner company with more natural gas than crude oil in its portfolio

Total SA’s deal to buy Anadarko Petroleum Corp.’s assets in Africa cements the French oil major’s position as the world’s second-largest provider of liquefied natural gas while pushing its business deeper into dangerous parts of the world.

Total said earlier this week that it agreed to buy Anadarko’s African assets for $8.8 billion in a transaction that would help Occidental Petroleum Corp. finance its takeover of the Texas-based oil producer. The deal was a key part of Occidental’s victory over Chevron Corp. as the companies...

Write Comment

Bzzsk

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Occidental to Sell Anadarko’s Africa Assets to Total if It Wraps Deal With AnadarkoOccidental reaches a potential deal to sell Anadarko's Africa assets for about $8 billion if the oil companies complete a proposed takeover And notice Trump is letting Putin take Libya, Venezuela and Cuba for the new USSR? OXY STARTED WITH TEA POT DOME SCANDAL, Doheny BRIBING SENATORS ENDED UP WITH THE BIGGEST CROOK Warren , i believe in Wells Fargo, Buffet. How many pesos Munger pay those Mexicans Buffett ran over in San Juan Cap. Answer 0.
Source: WSJ - 🏆 98. / 63 Read more »