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.
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GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).
BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.
REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.
EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.