April 25, 2019 archive

Anadarko Petroleum Receives Offers From Chevron and Occidental

Chevron isn’t the only suitor interested in acquiring Texas-based Anadarko Petroleum Corp. It appears that Houston’s Occidental Petroleum Corp. has sweetened the deal, offering $76 per share, well over Chevron’s $65 per share. Here’s where the game of “connect the dots” gets interesting. Back in 2006, Anadarko Petroleum acquired Oklahoma City-based Kerr-McGee Corporation. A relationship …

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OK Senate Self-Audit Environmental Bill Heads to Governor’s Desk

A controversial environmental measure from the Oklahoma State Senate is headed to Gov. Stitt’s desk for further action after passing through the House of Representatives on Wednesday. Authored by Sen. Mark Allen of Spiro and sponsored by House Rep. Mark McBride of Moore, Senate Bill 1003 would allow regulated entities to voluntarily conduct self-audits as …

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Plains All American Pipeline Fined $3.3 Million for California Disaster

A pipeline company with Oklahoma ties was slapped with a $3.3 million fine on Thursday for a 2015 oil pipeline rupture that contaminated beaches along the California coast. Federal inspectors determined that Houston-based Plains All American Pipeline “made several preventable errors, failed to quickly detect the pipeline rupture and responded too slowly as oil flowed …

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