Price Watch
A daily bulletin about oil and gas
The Futures
Oil and gas prices are more than numbers—they reflect global events, technological advancements, and environmental concerns.
Horizon Energy Digest
Occidental Petroleum in talks to sell OxyChem unit for about $10bn
The Houston-based company, which is backed by Warren Buffett, has been steadily divesting assets in recent years in an effort to reduce its heavy debt load, which now stands at $24bn. Occidental is working with advisers on the sale process.
BP Invests in New $5 Billion U.S. Gulf Oil Project
BP has reached the final investment decision on its estimated $5 billion Tiber-Guadalupe project in the U.S. Gulf of Mexico, as part of its strategy to grow upstream production and boost its U.S. output to more than 1 million barrels of oil equivalent per day by 2030.
Curious Minds Corner
When was the first blowout preventer (BOP) invented?
In 1924.