Declan Kelly-led advisory firm facing arbitration over oil deal conflict

Irish Times | Jun 14, 2019 at 12:59 PM
  • Declan Kelly-led communications and advisory firm Teneo has been dragged into arbitration after having worked for both sides in the takeover battle for Anadarko, the US oil company.
  • Occidental Petroleum launched the private arbitration case against Teneo after agreeing to buy Anadarko for $56 billion (€50 billion), outbidding Chevron.
  • Teneo, which provides services including strategy and communications advice, had worked for Occidental before Chevron made its offer for Anadarko.