ANADARKO PETROLEUM CORPORATION

Anadarko Petroleum Corporation was a prominent American oil and gas exploration and production company, primarily involved in the exploration, development, production, and marketing of petroleum and natural gas. Headquartered in The Woodlands, Texas, Anadarko was one of the largest independent oil and gas companies in the world.


Key Points about Anadarko Petroleum Corporation:


1. Founding and History:



  • Established: Anadarko was founded in 1959 as a subsidiary of Panhandle Eastern Pipe Line Company, which later became an independent company.

  • Growth: The company grew substantially through a combination of organic development and strategic acquisitions, including buying assets from companies like Union Pacific Resources, Kerr-McGee Corporation, and Western Gas Resources.


2. Operations:



  • Exploration and Production: Anadarko engaged in oil and natural gas exploration and production activities primarily in the United States, as well as in other regions such as Africa and South America.

  • Major U.S. Areas: Key operational areas in the U.S. included the Gulf of Mexico, the Delaware Basin, the Rockies, and the Appalachian Basin.

  • International Operations: Outside the U.S., Anadarko had a strong presence in countries like Algeria, Ghana, Mozambique, and Colombia, with significant projects such as the Jubilee Field in Ghana and liquefied natural gas (LNG) developments in Mozambique.


3. Financials:



  • Anadarko was publicly traded on the New York Stock Exchange under the ticker symbol APC. The company historically reported revenues in multiple billions of dollars, reflecting its substantial production and global operations.


4. Environmental and Safety Initiatives:



  • The company placed an emphasis on environmental stewardship, safety, and community engagement. Anadarko's operations adhered to various environmental regulations and standards to minimize the impact of its activities.


5. Acquisition by Occidental Petroleum:



  • In 2019, Anadarko became the subject of a high-profile bidding war between Chevron Corporation and Occidental Petroleum Corporation (Oxy). Ultimately, Occidental won the bid and acquired Anadarko in a deal valued at approximately $38 billion. The acquisition was completed in August 2019, making Oxy one of the largest oil and gas producers in the U.S.


6. After the Acquisition:



  • Post-acquisition, many of Anadarko's assets were integrated into Occidental's portfolio, significantly enhancing Oxy's scale in key U.S. shale basins and expanding its international footprint.


Conclusion:


Anadarko Petroleum Corporation played a significant role in the oil and gas industry due to its extensive exploration and production activities both in the United States and internationally. Its acquisition by Occidental Petroleum marked a major consolidation in the industry, reflecting the continuing importance of scale and efficiency in the competitive energy market.


For the latest information, it would be best to refer to the most recent reports and updates from Occidental Petroleum, as they now manage Anadarko's former assets and operations.


Ships

GLOBAL PRODUCER V - NANSEN

Spar | Flag: United States of America | Port: HOUSTON, TX

GLOBAL PRODUCER VII - GUNNISON SPAR

Spar | Flag: United States of America | Port: HOUSTON, TX

CONSTITUTION SPAR

Spar | Flag: United States of America | Port: HOUSTON, TX

RED HAWK SPAR

Spar | Flag: United States of America | Port: HOUSTON, TX

MARCO POLO TLP

Tension Leg Platform | Flag: United States of America

Maritime News

Vard, Inkfish Sign Shipbuilding Contract for New Research Vessel

Vard, Inkfish Sign Shipbuilding Contract for New Research Vessel

21 hours ago
Vard, the Norwegian subsidiary of the Group and one of the world's leading builders of specialized vessels, has signed a new contract with the US research organization Inkfish for the design and construction of an advanced research vessel. The deal is valued at over USD$233 million (€200 million).The custom-built research vessel, designated Project RV6000, is specifically designed for scientific exploration. It will join Inkfish's expanding fleet, alongside the RV Hydra and RV Dagon, to support global marine research. In close collaboration with host countries, the data collected will contribute to open-source repositories.
Six Crew Saved, 15 Remain Missing After Eternity C Cargo Ship Sinks in Red Sea

Six Crew Saved, 15 Remain Missing After Eternity C Cargo Ship Sinks in Red Sea

yesterday
Rescuers pulled six crew members alive from the Red Sea after Houthi militants attacked and sank a second ship this week, while the fate of another 15 was unknown after the Iran-aligned group said they held some of the seafarers.The Houthis claimed responsibility for the assault that maritime officials say killed four of the 25 people aboard the Eternity C before the rest abandoned the cargo ship. Eternity C went down Wednesday morning after attacks on two previous days, sources at security companies involved in a rescue operation said.The six rescued seafarers spent more than 24 hours in the water, those firms said.
Four Dead, 15 Missing After Houthi Attack on the Eternity C

Four Dead, 15 Missing After Houthi Attack on the Eternity C

2 days ago
Rescuers pulled six crew members alive from the Red Sea on Wednesday and 15 were still missing from the second of two ships sunk in recent days in attacks claimed by Yemen's Iran-aligned Houthi militia after months of calm.Four of the 25 people aboard the Eternity C cargo ship were killed before the rest of the crew abandoned the vessel, which sank on Wednesday morning after being attacked on Monday and Tuesday, sources at security companies involved in a rescue operation said.The six seafarers who were rescued had spent more than 24 hours in the water, they said.The Houthis said on Wednesday they had sunk the Eternity C.
IMO Secretary-General Urges “constructive dialogue” Following Red Sea Attacks

IMO Secretary-General Urges “constructive dialogue” Following Red Sea Attacks

2 days ago
IMO Secretary-General Arsenio Dominguez has called for intensified diplomatic efforts following a renewed wave of attacks on merchant ships in the Red Sea.IMO Secretary-General Arsenio Dominguez has called for intensified diplomatic efforts following a renewed wave of attacks on merchant ships in the Red Sea. Addressing the IMO Council in London, Dominguez expressed dismay over recent assaults on the Magic Seas and Eternity C, both targeted on 6 and 7 July. At least three fatalities and several injuries have been reported aboard the Eternity C, while all 22 crew members of the Magic Seas were safely rescued.
Red Sea: Four Dead, Two Wounded in Latest Houthi Attack on Greek Bulk Carrier

Red Sea: Four Dead, Two Wounded in Latest Houthi Attack on Greek Bulk Carrier

3 days ago
Four seafarers on the Liberian-flagged, Greek-operated bulk carrier Eternity C were killed in a drone and speedboat attack off Yemen, an official with knowledge of the issue said on Tuesday, the second incident in a day after months of calm.The Red Sea, which passes Yemen's coast, has long been a critical waterway for the world's oil and commodities but traffic has dropped since the Iran-aligned Houthi militia began targeting ships in November 2023 in what they said was solidarity with Palestinians against Israel in the Gaza war.