On Tuesday, Goldman Sachs analysts raised Occidental Petroleum (NYSE:OXY) to Buy from Neutral with an $81 per share price target.
Warren Buffett’s company has now bought up more than $11 billion worth of Occidental Petroleum stock this year to give Berkshire Hathaway control of more than 20% of the oil producer
Italy’s Eni, US major Occidental, France’s Total and the Algerian group Sonatrach signed a $4 billion oil and gas production-sharing contract Tuesday for the Berkine field in the country’s southeast.
According to Tullow Oil, the cash consideration paid on completion was $118 million reflecting closing adjustments and was funded from cash on the balance sheet.
Following the conclusion of negotiations for the acquisition of additional interest in the Jubilee and TEN fields from Occidental Petroleum, Kosmos Energy has lauded Ghana’s Energy Minister, Dr Matthew Opoku Prempeh, for ensuring that Ghana has a greater stake in the development of her resources