Anadarko is among the largest independent oil and natural gas exploration and production companies in the world, with approximately 2.3 billion barrels of oil equivalent (BBOE) of proved reserves at year-end 2009. In 2019 Andarko was purchased by Occidental Petroleum.
As CEO of Occidental Petroleum, Vicki Hollub made the biggest deal the oil business had seen in years. Will it also go down as the biggest failure?
See: Mimi Schwartz. How the Most Hyped U.S. Oil Merger in a Decade Went Bust. Feb 2021. Texas Monthly.
— https://www.texasmonthly.com/news-politics/how-the-most-hyped-u-s-oil-merger-in-a-decade-went-bust/
See also: Cliford Kraus. (2008). New York Times. There’s Gas in Those Hills”.
Andarko, BP, and Transocean have each blamed the other for responsibility in the The Deepwater Horizon oil spill (also referred to as the BP oil spill, the Gulf of Mexico oil spill, the BP oil disaster or the Macondo blowout).
BP’s partners in the Macondo well–Anadarko Petroleum and Mitsui–have so far refused to pay any costs for the spill, claiming that BP’s gross negligence means it is 100% liable.
If investigations exonerate BP, those companies will be liable for billions of dollars. There are particular doubts over whether Anadarko could afford to pay its full share.
The company’s credit rating was cut to junk level in June.
See: Deepwater Horizon Committee Hears From Oil Industry Executives
See: BP – For BP, a History of Spills and Safety Lapses
See: Schlumberger
See: U.S. Speaker Nancy Pelosi: The Gavel: Draining The Swamp
See: Chevron Human Energy Stories | Addressing Climate Change
See: National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling
See: Before the Big Spill
See: Ceres Principles – Corporate Environmental Conduct
See: The top five stories of the year [2010] for climate hawks
See: BP chief hails American breakthrough in gas supplies from shale rocks
See: Fueling Washington
See: The Next Drilling Disaster?
See: Natural Gas Industry Shills Use the Media to Mislead the Public – Here’s How to Spot Them
