Majors’ global selling spree could fetch $27.5 billion
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total $27.5 billion, according to Rystad Energy’s latest assessment.
ConocoPhillips
More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.
DecomWorld annual D&A summit returns with record numbers
DecomWorld – part of Reuters Events- today announced the global E&P delegations already confirmed to attend their 2020 Decommissioning and Abandonment Summit along with an international operator speaker faculty
New law ‘making an impact’ on North Sea business
A leading petroleum economist has said there are “positive signs” that a new law is making an impact on North Sea deals, a year on since it came into effect.
Save the world, shrink the majors, new report says
The seven majors must cut production by 35% by 2040, and emissions by 40%, if the world is to warm by only 1.6 degrees Celsius, according to a new report from Carbon Tracker Initiative.
ConocoPhillips posts $3bn quarterly profit after UK sale
Houston's ConocoPhillips reported a nearly $3.1 billion quarterly profit on Tuesday that spiked more than 60 percent from a year prior, but the big jump benefited from about $2 billion in proceeds from the recent sale of its North Sea business in the United Kingdom.
Santos ups stake in Darwin LNG
Santos Energy has set out a deal to buy Australian gas assets, in the Northern Territory (NT), from ConocoPhillips for $1.39 billion.
Santos acquires ConocoPhillip’s Australian business for £1bn
Oil and gas producer Santos announced today it plans to buy up ConocoPhillips’s northern Australian portfolio.
Chrysaor targeting Talbot project sanction next year
Chrysaor has confirmed it is hoping to sanction a new North Sea project next year.
North Sea rota changes ‘top of the list’ for Chrysaor
Changes to offshore rotas are “top of the list” for new workers coming into the business from ConocoPhillips, according to Chrysaor’s chief executive.
Chrysaor completes £2billion purchase of ConocoPhillips’ North Sea assets
Chrysaor has announced the completion of its mammoth £2billion purchase of ConocoPhillips’ North Sea assets.
Zennor pushing forward with new central North Sea gas projects
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
OGUK Awards finalists revealed
The shortlist for this year’s prestigious Oil & Gas UK Awards has been revealed today.
ConocoPhillips’ North Sea exit sparks pensions row
US energy major Conoco Phillips has been accused of leaving an “appalling legacy” as it exits the North Sea after 50 years.
ConocoPhillips to bring Tor field back to life with £500m investment
Oil giant ConocoPhillips and its partners are understood to be bringing the Tor filed, located in the Norwegian side off the North Sea, back to life.
Conoco hands in MacCulloch decom plan
US oil major ConocoPhillips has handed in its plans for decommissioning the MacCulloch field to the UK Government.
Big Oil won’t be buying up Permian strugglers
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon.
IOG hires oil industry veteran Hawkings
Independent Oil and Gas (IOG) has appointed Neil Hawkings as an independent non-executive director.
Zennor hails ‘key step’ as it completes test drilling at Finlaggan
Zennor Petroleum has reached a “key step” towards first production at its Finlaggan field in the North Sea.
Chrysaor posts £800m profit in first year after Shell mega deal
North Sea operator Chrysaor has made a large profit in its first full year since its £3billion mega deal with Shell.
BP ‘resilient’ amid boost to pre-tax profits
Energy giant BP boosted its pre-tax earnings in the first three months of 2019, which it said showed "resilience" in a "volatile period”.
Former ConocoPhillips manager sets up consultancy for North Sea newcomers
A ConocoPhillips manager of almost 20 years has set up a consultancy firm targeting the wave of new operators in the North Sea.
Fugro boosts revenues off back of oil and wind energy contracts
Growth in the oil and gas and renewables sectors saw Fugro report a boost to revenues for the first quarter of the year.
Chrysaor-Conoco deal brings new leaderboard of North Sea producers
Chrysaor’s recently-announced £2billion deal to acquire ConocoPhillips’ North Sea assets will put it top of a new leaderboard of oil and gas producers.
TechnipFMC scoops Norwegian North Sea contract with ConocoPhillips
TechnipFMC has been handed a major contract for ConocoPhillips' Tor II development in the Norwegian sector of the North Sea.