LNG

Occidental Petroleum, the Houston-based company with US oil and gas assets and Warren Buffett as a main shareholder as well as owning oil and natural gas stakes in Algeria, Oman and the United Arab Emirates, has agreed to buy US Permian Basin-focused energy producer CrownRock in a cash and stock deal valued at $12 billion including debt.

French energy major Total said it would not complete the purchase of the African assets in Algeria and Ghana of Occidental Petroleum of the US, while it has finalized the acquisition of Mozambique LNG and a South African offshore licence under the same original deal.