London-A bidding war between Occidental Petroleum and Chevron to buy rival Anadarko could be the first sign that a wave of consolidation is going to sweep over oil and gas producers in the Permian Basin.Houston-based Occidental Petroleum made a new $57 billion offer for Anadarko Wednesday.Occidental said that if Anadarko accepts its bid,”The combined company will be uniquely positioned to leverage Occidental’s demonstrated operational and technical expertise,producing greater anticipated synergies than Anadarko’s pending transaction.”Analysts have portrayed the planned purchase by Chevron as driven by possible synergies in upstream production in the US,both onshore and offshore,as California-based Chevron retrenches to home turf.Any deal has implications around the world,however,including for Anadarko’s LNG development plans offshore Mozambique.
展开▼
