ConocoPhillips and its partners are targeting 90 million barrels of oil from a new North Sea development.
Pantheon Resources has a multi-billion barrel resource in the occasionally iced over state of Alaska, the company reckons. It will put the theory to the test this summer.
As of 26 April, Westwood Global Energy reports that there is one appraisal well and four exploration wells active.
Petronas and Sabah Oil & Gas Development Corporation (SOGDC) have signed a key memorandum of understanding (MoU) that will see the Malaysian national energy company build Sabah’s first and largest near-shore floating liquefied natural gas (LNG) facility estimated to cost MYR8.8 billion ($2.02 billion).
ConocoPhillips has been granted licence extensions to one of its major North Sea oil hubs – which could see its production life reach nearly 80 years.
An outfit of North Sea experts is seeking to sell off discoveries which it says ConocoPhillips should “never have relinquished”.
BP, TotalEnergies and ConocoPhillips executives have held talks with Libya’s National Oil Corp. (NOC) on the sidelines of the CERAWeek conference, in Houston.
China National Offshore Oil Corporation (CNOOC) struck $13 billion worth of deals to boost oil and gas supply, as the country aims to avoid a repeat of last year’s energy crunch.
ConocoPhillips (NYSE:COP) has completed the purchase of an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion.
In this latest in our series on ESG investing, Mike Scott assesses the global energy outlook ahead for 2022. Although oil and gas prices are healthy, energy firms will need to stay focused on net zero and emissions targets, and keep an eye on growth areas like hydrogen and other renewable energy sources.
ConocoPhillips had its most profitable year since 2013 as oil demand and prices recovered from the pandemic-driven crash.
The world’s top market for subsea tie-backs will take an inflation-driven cost increase of £4.8billion on upcoming contract awards through to 2026.
Oil and Gas UK (OGUK) has appointed a new health, safety and environment (HSE) director from EnQuest, as incumbent Trevor Stapleton is soon to retire.
A North Sea oil field is celebrating production of more than three billion barrels since starting up 50 years ago.
ConocoPhillips intends to become the largest shareholder in Australia Pacific LNG (APLNG) project as it raises its stake in the development as part of a reshuffle of its Asian assets.
ConocoPhillips (NYSE:COP) will exit Indonesia after agreeing to sell its assets in the country to local independent Medco Energi (IDX:MEDC) for $1.355 billion. The move could be a blow to Indonesia’s image in the longer run as the nation tries to attract foreign investment, but analysts generally see the deal as positive.
ConocoPhillips’s purchase of Royal Dutch Shell Plc’s Permian assets will make it the second-largest producer in the world’s top shale basin, according to data from Enverus.
Malaysia’s state-owned energy company Petronas is preparing to take a final investment decision (FID) on its third multi-billion dollar floating liquefied natural gas (FLNG) unit after awarding front-end engineering and design (FEED) contracts. The new-build floater project, dubbed ZLNG, will help solve challenges commercialising gas offshore Sabah in Malaysia.
Libyan Prime Minister Abdul Hamid Dbeibeh intends to run for president, he announced at the weekend, while also seeming to back a sale of a stake in Waha Oil to TotalEnergies and ConocoPhillips.
ConocoPhillips has submitted plans for a £1billion project which straddles the Norway-UK median line in the North Sea.
Origin Energy (ASX:ORG) is set to sell a 10% share of its Australia Pacific LNG export project to global energy investor EIG in a deal worth $2.12 billion.
Malaysia’s state-owned energy company Petronas is planning to build a third multi-billion dollar floating liquefied natural gas (FLNG) unit to help solve challenges commercialising gas offshore Sabah in Malaysia as part of an effort to appease ConocoPhillips (NYSE:COP) and Shell (AMS:RDSA) following losses related to an upstream development.
Repsol (BME:REP) said it will start up a key carbon capture and storage (CCS) project in Indonesia in 2027. Significantly, the CCS scheme tied to the onshore Sakakemang Block will be among the largest of its kind in the world and will be the first for both Repsol and Indonesia, claimed the Spanish company.
Shell has reached a deal to sell its Permian shale business to ConocoPhillips for $9.5 billion, with $7bn of that going to shareholders.
Malaysian driller Velesto Energy said that a contract to provide a jack-up drilling rig to ConocoPhillips for work offshore Sarawak in Malaysia has been officially terminated after the unit sunk in early May.