The decision follows acquisition talks with Georgia Gulf's management that had been aimed at creating one of the largest producers of building materials like olefins and vinyls.
Good morning! Here's what you need to know. Arab Gulf Oil Exporters Stand By OPEC. Gulf officials on Sunday defended OPEC's decision last month not to cut oil output and instead blamed non-OPEC producers, especially American shale p... Read Post
The acquisition would make Energy XXI the third-largest oil producer on the Gulf of Mexico shelf, with interests in seven of the 11 largest oil fields there. Read Post