Occidental sees reducing cash operating cost by $300M in 2013 Earlier today in a regulatory filing with a slides presentation prepared for The Goldman Sachs Global Energy Conference, the company said it expects to achieve $300M in reductions to costs and as much as $450M in actual savings in 2013 compared to 2012.
Occidental in discussions to sell Dolphin Energy stake to Mubadala, WSJ says Occidental Petroleum is in discussions to sell at least 20% of its 24.5% stake in Dolphin Energy to Mubadala, The Wall Street Journal reports, citing people familiar with the matter. Occidental could complete the sale before the end of the year, and Mubadala is eager to do the deal and they may want to buy Occidental's entire stake, the people added. Occidental is also in discussions to sell up to 30% of its stake in the Shah natural gas project to Mubadala. Reference Link