M&A shake-up on the horizon for the Australian upstream sector
Australians love a good yarn, a chinwag, a chat. But it’s not sports or politics that’s making the ‘goss’ in the oil and gas boardrooms of Perth right now.
Conoco Phillips
Updated: Chrysaor to buy ConocoPhillips’ North Sea assets in £2bn deal
Chrysaor has agreed to buy US operator ConocoPhillips’ North Sea assets in a £2billion deal.
Chrysaor nears deal to buy Conoco’s North Sea assets – report
Chrysaor is near a deal to buy ConocoPhillips’ North Sea assets, according to a news report.
ConocoPhillips keeps 2019 spending flat, touts conservative approach
ConocoPhillips said Monday it will keep its 2019 capital spending flat from this year with oil prices down more than 30 percent from the beginning of October.
ConocoPhillips presses forward on recouping billions from Venezuela
ConocoPhillips Chairman and Chief Executive Ryan Lance said the Houston oil producer is pressing forward with recouping the $2 billion it is owed by Venezuela.
Wood announces further industry collaboration into subsea gear reliability
The next phase of a collaborative industry effort to develop “a better understanding” of subsea equipment has been launched by Wood today.
ConocoPhillips sells Permian assets and expands elsewhere
ConocoPhillips, the largest U.S. shale driller, announced Tuesday plans to sell of some of its acreage in Texas and expand its operations in Louisiana and Canada.
Crude loses upward momentum amid U.S. output growth worries
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.
Exxon challenges California cities in climate claims
Exxon Mobil Corp. has asked a Texas federal judge to allow it to depose California municipal government officials who sued it and other oil companies over the threat of rising sea levels to their jurisdictions.
Oil and gas challenges to see winning STEM solutions from Aberdeenshire students
Techfest’s STEM in the Pipeline 2017 competition will bring in students from Aberdeen City and Shire schools to solve the challenges currently facing the oil and gas sector.
OGA UK-Norway hackathon series to begin this week
The Oil and Gas Authority (OGA) has said that cross-border technology hackathons between the UK and Norway will take place this month.
Shell and other supermajors say ‘no plans’ for return of Super Pumas
Oil supermajors including Shell have no plans to return controversial Super Puma helicopters to service in the North Sea.
BP, ConocoPhillips considered ‘military option’ for drifting barge near Valhall field
Oil major BP and the Norwegian defence headquarters were in discussions about whether to use military options including blowing a drifting vessel out of the water near the Valhall field.
ConocoPhillips reports loss in second quarter earnings
Energy producer ConocoPhillips has reported a loss to its income during the second quarter of 2015. The company said its income was $179million in comparison with a profit of $2.08billion a year earlier. ConocoPhillips was the first major oil producer to announce spending cuts after prices began to fall last year.
ConocoPhillips hires Scotiabank to sell some Canadian assets
ConocoPhillips, the third-largest US energy producer, has hired the Bank of Nova Scotia to advise on the sale of about 20% of its production in Western Canada outside of the oil sands, according to the bank’s website. Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank. Production from the properties, located in Alberta, British Columbia and Saskatchewan, is mostly gas and amounts to the equivalent of about 35,000 barrels of oil a day, according to the website.