Anadarko Petroleum Corp. said Monday that it is buying oil and gas assets in the Gulf of Mexico from mining giant Freeport-McMoRan Inc. for $2 billion, expanding its footprint in offshore oil. Under the deal, Anadarko will pick up 91 drilling blocks in the Gulf of Mexico that will allow the company to double its output in the region to about 155,000 barrels of oil equivalent a day. Before the purchase, Anadarko held 1.6 million...

Source: Wall Street Journal September 12, 2016 20:47 UTC