US FTC Approves Oxy's Bid for Anadarko

Tuesday, June 4, 2019

Oil and gas producer Occidental Petroleum Corp said on Tuesday the U.S. Federal Trade Commission has granted approval for its proposed $38 billion deal to buy Anadarko Petroleum Corp.

The waiting period required for companies under the Hart-Scott-Rodino Antitrust Improvements Act was terminated early by the FTC, the company said.

The deal is expected to close in the second half of 2019.


(Reporting by Debroop Roy in Bengaluru; Editing by Shailesh Kuber)

Categories: North America Regulations

Related Stories

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

Japan and South Korea Look to Partner Up with US for Alaska Pipeline

Japan's Mitsui Eyes Alaska LNG Project

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com