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Chevron to buy Anadarko for $33 billion



WASHINGTON:  Chevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion in cash.

With oil prices surging this year, Chevron and larger rival Exxon Mobil Corp have been increasing investment in the Permian basin in West Texas, the most prolific shale oil field in the country.

Their efforts co-occur with a pullback by the little companies that revolutionized the industry through shale drilling, who have had to curtail spending due to investor dissatisfaction with weak returns.

Publish Date : 13 April 2019 17:58 PM

Time to focus on party building: NC Spokesperson Chalise

KATHMANDU:  Nepali Congress spokesperson Dev Raj Chalise has called on

Shankar Pokharel questions Yogesh’s statement: Maybe only a partial version circulated

KATHMANDU: CPN-UML General Secretary Shankar Pokharel has refuted claims reportedly

Kurtha–Janakpur–Jayanagar railway service brings relief to local commuters

JANAKPURDHAM: The recently resumed Kurtha–Janakpur–Jayanagar railway service is providing significant

Dhulikhel-Khawa road: Transportation to halt at night for blacktopping

KAVREPALANCHOWK: In order to intensify blacktopping of Kavre-based Dhulikhel-Khawa road