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2014-04-08 18:05:00

ANADARKO WILL PAY $5B

ANADARKO WILL PAY $5B

TT. Anadarko to pay $5bn over claims of health problems caused by pollution from uranium deposits and wood creosote.

Anadarko Petroleum and its Kerr-McGee unit will pay $5.15bn to resolve environmental clean-up claims stemming from the 2009 bankruptcy of paint materials maker Tronox, the biggest environmental bankruptcy settlement ever.

The deal ends two years of litigation brought by a trust for governments, tribes and individuals that held claims against Tronox.

"This settlement agreement with the Litigation Trust and the US Government eliminates the uncertainty this dispute has created, and the proceeds will fund the remediation and clean-up of the legacy environmental liabilities and tort claims," Anadarko chief executive Al Walker said.

Anadarko said it would record a net $550m tax benefit from the agreement.

Anadarko's stock rose as high as 13pc to $98 per share during afternoon trading on the New York Stock Exchange as word of a settlement circulated.

Tags: ANADARKO

Chronicle:

ANADARKO WILL PAY $5B
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

ANADARKO WILL PAY $5B
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

ANADARKO WILL PAY $5B
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

ANADARKO WILL PAY $5B
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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