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Occidental CEO wants to keep rigs running

Bloomberg Occidental Petroleum Corp will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to Chief Executive Officer Vicki Hollub. “We’re going to keep our rigs running and we’re going to figure out how to reduce costs in some other way that’s not impacting people who are depending on ...

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Premier Oil eyes bid for Chevron North Sea assets

Bloomberg Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by US oil major Chevron Corp that’s worth about $2 billion, according to people familiar with the matter. The first round of bids is due before the end of the month, the people said, asking not to be ...

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Xinyi Energy postpones $582mn Hong Kong IPO

Bloomberg Xinyi Energy Holdings Ltd, an owner and operator of solar farms in China, is postponing a Hong Kong initial public offering of as much as $582 million, according to people with knowledge of the matter. The unit of Xinyi Solar Holdings Ltd has no timetable for relaunching the deal, said one of the people, who asked not to be ...

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