Anadarko Petroleum Corp. (NYSE: APC) and Noble Corp. (NYSE: NE) settled their $102 million dispute over the termination of a drilling rig lease right before the case was set to go to trial, Bloomberg reports.
If the case had gone to trial as expected May 29, it would have been the first case related to the 2010 Gulf of Mexico oil spill to go to trial.
The dispute concerned The Woodlands-based Anadarko terminating its offshore oil rig lease...
Anadarko Petroleum Corp. and Noble (NE) (NE) Corp. agreed to settle their $102 million legal dispute over the termination of a drilling rig lease after the 2010 Gulf of Mexico oil spill brought some U.S. offshore drilling to a halt. The accord ...
Anadarko Petroleum Corp., in what will be the first case arising from the 2010 Gulf of Mexico spill to go to trial, argues a U.S. ban on deep-water drilling qualified as an act of God that allowed it to end a rig lease. Anadarko, in a dispute ...
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LINN Energy LLC, Houston, will fund $400 million of Anadarko Petroleum Corp.’s future development costs in giant Salt Creek oil field in Wyoming in exchange for being assigned a 23% interest in the carbon dioxide enhanced oil recovery project.
CEO James Hackett has been the chief executive officer of Anadarko Petroleum Corp since 2003. He is 52 years old. Follow Mr. Hackett and Anadarko Petroleum Corp in the news and blogs or share your own opinion about the company and its leadership.