Chris Cox and Curium Resources going after North Sea’s untapped discoveries
A “fundamental belief” that the UK should be developing its North Sea resources is the big driver behind Chris Cox’s new vehicle, Curium Resources.
ConocoPhillips
ConocoPhillips deal triggers divestment alert from pension investors
ConocoPhillips (NYSE: COP) has been put on divestment watch by some of Europe’s biggest pension funds, after using proceeds from a recent debt financing to expand its business in oil sands.
Exxon awarded $77 million in claim against Venezuela
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
Biden Backs $8 Billion Alaska Oil Project Despite Climate Peril
President Joe Biden authorized a giant ConocoPhillips oil project in northwest Alaska that environmentalists argue has no place in a warming world, even as he sought to bar future drilling across US Arctic waters and lands.
Worker’s arm amputated after being crushed on North Sea oil rig
A worker could have been killed, safety inspectors have said, after his arm was crushed and later amputated following an incident on a North Sea oil rig.
Upstream M&A in Southeast Asia: will the oil and gas majors divest in 2023?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
Malaysia doubles exploration success in 2022 with 10 discoveries
Petronas and its Petroleum Arrangement Contractors (PACs) recorded a total of 10 hydrocarbon discoveries in Malaysia in 2022, following the increase of exploration activities in the country.
Conoco signs up to receive Qatari LNG in Germany
QatarEnergy (QE) has struck a deal to supply LNG to ConocoPhillips, for delivery to Germany into the 2030s.
Conoco sweeps in to Sempra’s Port Arthur, replacing Aramco
Sempra Infrastructure and ConocoPhillips have struck a 5 million tonne per year LNG supply contract, from the planned Port Arthur project in Texas.
Total, Conoco close Waha sale despite some local opposition
TotalEnergies and ConocoPhillips have bought out Hess from Libya’s Waha concession, completing a deal that has taken around a year.
Worker suffers serious injuries from crushing on North Sea drilling rig
An investigation has been launched after a worker suffered “serious personal injury” on an offshore drilling rig.
ConocoPhillips doubles buyback to $45bn amid steady run of bumper results
ConocoPhillips (NYSE:COP) matched the record performance amongst its energy major peers, announcing $7.4billion in quarterly profits, a near-doubling of its buyback programme and boosted dividends to shareholders.
Qatar picks Conoco for last NFS slot
QatarEnergy (QE) has chosen ConocoPhillips to be its third partner on the North Field South (NFS) LNG development.
ConocoPhillips North Sea wildcat oil well proves fruitless
Operator ConocoPhillips (NYSE: COP) Skandinavia has concluded the spudding of a wildcat well in the Norwegian North Sea.
JERA, Uniper target LNG supplies, then ammonia
Japan’s JERA and Germany’s Uniper have teamed up to back an ammonia project in the US Gulf Coast, with a focus on exports to Germany. In the near term, it should also secure new LNG supplies.
Norway well slot – North Sea a hive of activity
As of 24 August, Westwood Global Energy reports that there are five exploration wells active, four in the Northern North Sea and one in the Norwegian Sea. Since the previous report, two exploration well programmes have completed, with one of the wells successful.
Norway well slot: ConocoPhillips seeks Bounty and Lamba
As of 25 July, Westwood Global Energy reports that there are five exploration wells active, three in the Northern North Sea and two in the Norwegian Sea.
ConocoPhillips gets approval for £1bn UK-Norway North Sea project
ConocoPhillips (NYSE: COP) has received approval from UK and Norwegian authorities for a £1 billion cross-border field in the North Sea.
Norway well slot – Five exploration wells spudded with varying success
As of 23 June, Westwood Global Energy reports that there are four exploration wells active, two in the Northern North Sea and two in the Norwegian Sea. Since the last report, five exploration well programs have completed, with three of the wells being successful. The Slagugle appraisal well was P&A in April, with no results released until May when it was reported as a dry well.
Woodside’s Sunrise still a long shot in East Timor, plate tectonics in focus
Development of the 5.1 trillion cubic feet Greater Sunrise gas and condensate field is back on the agenda for Woodside Energy (ASX:WDS), but the odds of progress look as difficult as ever, reported EnergyQuest. Significantly, all stakeholders in Sunrise should be talking about plate tectonics rather than economics, suggested the consultancy in its latest report.
Equinor in study for offshore wind farm to power series of North Sea platforms
Equinor is studying the potential for a new 1GW wind farm to power a series of oilfields in the North Sea.
Medco Energi eyes more acquisitions in Southeast Asia, ESG in focus
Indonesia’s Medco Energi (IDX:MEDC) is on the lookout for more merger and acquisition (M&A) opportunities in Southeast Asia after successfully buying ConocoPhillips Indonesian assets in a $1.355 billion deal struck last year.
Norway well slot: Two successful exploration targets
As of 30 May, Westwood Global Energy reports that there are five exploration wells active, two in the North Sea, two in the Norwegian Sea, and one in the Barents Sea.
Fitch takes Indonesia’s Medco off rating watch after ConocoPhillips acquisition
Fitch Ratings has removed Medco Energi from rating watch, as the oil and gas company has completed the acquisition of the giant Corridor Block from ConocoPhillips, and the outlook is positive. Its long-term issuer default rating is now at B+.
ConocoPhillips developing new North Sea project targeting 90 million barrels
ConocoPhillips and its partners are targeting 90 million barrels of oil from a new North Sea development.