Santa Fe Buys Oxy's Geothermal Energy Interests 

Occidental Petroleum announced on 8 November that it will sell its geothermal energy business to the Kuwait-owned Santa Fe International Corp. for $350mn as part of a program to dispose of unwanted assets. The closing of the deal is set for 15 November.

Occidental Geothermal Inc. owns an 80-megawatt electric generating plant and related geothermal steam reserves in the Geysers area of northern California, has an interest in...