Plains All American Pipeline, L.P. (NYSE:PAA) announced that a wholly owned subsidiary of Occidental Petroleum Corporation (“OXY”), has entered into definitive agreements to acquire an aggregate 10% equity interest in the general partner of PAA directly from the existing owners. Closing is expected to occur within the next 30 to 45 days and is subject [...]

Occidental Petroleum Corporation announced an agreement with SandRidge Energy to develop a West Texas hydrocarbon gas processing plant and related pipeline infrastructure that will provide carbon dioxide (CO2) for use in Oxy’s enhanced oil recovery (EOR) projects. The new CO2 resources are expected to expand Oxy’s Permian production by a minimum of 50,000 barrels [...]

Occidental Petroleum Corp. signed an agreement with Enerplus Resources Fund to buy a 15 percent interest in Alberta’s Joslyn Oil Sands Project for $492.1 million.
Operated by Total, the oil sands project holds over 8 billion barrels of bitumen or heavy crude. Occidental’s net recoverable reserves are estimated at 370 million barrels.
While the project is [...]

Paramount Gold and Silver Corp. has advanced the initial $500,000 pursuant to its strategic alliance with Mexoro Minerals. This initial advance is intended to fund Mexoro’s ongoing drill program. The secured convertible debenture bears interest at a rate of 8% per annum for a term of one year. Paramount will have the option to [...]

Paramount Gold and Silver Corp. is pleased to announce that it has signed a Letter of Intent to enter into a strategic alliance with Mexoro Minerals Ltd. The strategic alliance contemplates both companies combining their mining and exploration expertise including resources such as management, personnel, exploration equipment and mining concessions to maximize shareholder value [...]

Mexoro Minerals Ltd. Enters Into Strategic Alliance with Paramount Gold and Silver Corp.
Mexoro Minerals is pleased to announce that it has entered into a strategic alliance with Paramount Gold and Silver Corp. to combine mining and exploration expertise, along with efficient use of personnel, drill rigs and current mining concessions to maximize shareholders’ value for [...]

Qatar Petroleum Corp. will invest or is negotiating investments abroad worth $20 billion, including a $7 billion oil refinery in Panama with Occidental Petroleum Corp., Qatar’s energy minister said.
Qatar Petroleum International, the state-owned company’s foreign investment arm, has “teamed up” with Occidental to build a 350,000 barrel-a-day oil refinery in the Central American country, Abdullah [...]

A regulatory filing shows the top executive at Occidental Petroleum received compensation in 2006 that the company valued at 52-point-eight (m) million dollars.
Ray Irani, the company’s chairman, president and C-E-O, received a salary of one-point-three (m) million dollars, a cash bonus of one-point-four (m) million and four-point-six (m) million in incentives and other compensation.
Most of [...]

Occidental Petroleum Corp. on Thursday announced a regular quarterly dividend of 22 cents per share.
The Los Angeles-based company will pay the dividend April 15 to shareholders of record March 9.

Several Texas energy companies offered Thursday to build a string of wind, gas and coal-fired power plants and transmission lines across the Panhandle that could lessen the state’s future dependence on coal while supplying enough electricity for more than a million Texas homes.
More than 15 proposals were filed with the Public Utilities Commission to [...]