Total pulls out of Oxy deal for Ghana assets

OCCIDENTAL Petroleum has been left holding assets it never planned on keeping after Total pulled out of taking its Ghana and Algerian holdings, potentially causing debt service problems next year.  

Total pulls out of Oxy deal for Ghana assets Total pulls out of Oxy deal for Ghana assets Total pulls out of Oxy deal for Ghana assets Total pulls out of Oxy deal for Ghana assets Total pulls out of Oxy deal for Ghana assets

Total CEO Patrick Pouyanne

Occidental beat out Chevron last year to take the onshore US player Anadarko Petroleum, which also held a swathe of North African and African assets including operatorship of the flagship Mozambique
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.