Occidental Petroleum News

Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp. The …

The Louisiana Department of Natural Resources borrowed $8 million from the state treasury to meet the day-to-day expenses of Bayou Corne. Now, that money is almost gone. The Advocate reports DNR’s biggest expense is paying CB&I to help with the …