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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

UML lawmaker Baral accuses government of inhumane treatment toward squatters

KATHMANDU: CPN-UML lawmaker Guru Prasad Baral has accused the government

Harka Sampang says protests will continue until govt becomes accountable to Parliament

KATHMANDU: Shram Sanskriti Party Chair and lawmaker Harka Sampang has

Gold and silver prices decline

KATHMANDU: Prices of both gold and silver declined in the

Speaker Aryal warns lawmakers protesting with placards in House meeting

KATHMANDU: Speaker Dol Prasad Aryal has warned lawmakers, including Shram

WWF Nepal honours Nepali Army for contribution to wildlife conservation

KATHMANDU: WWF Nepal has presented a special honor to the