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.
ConocoPhillips
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.
Conoco deal gives us ‘potential to chase’ says Chrysaor boss
US oil firm ConocoPhillips has agreed a £2billion deal to sell its North Sea assets to Chrysaor.
Woodmac: Chrysaor deal continues ‘incredible growth story’
Chrysaor’s £2bn deal to acquire ConocoPhillips’ UK business continues a “story of incredible growth”, according to leading analyst firm Wood Mackenzie.
Need for growth could be ‘catalyst’ for North Sea deals
The need for newer North Sea players to grow could be a “catalyst” for more M&A deals this year, according to an investment banker.
Zennor reaches ‘significant milestones’ for Finlaggan project
Zennor Petroleum has said it has reached two “significant milestones” for the development of its Finlaggan project in the North Sea.
ConocoPhillips, Chrysaor ‘in talks’ over North Sea oil deal
ConocoPhillips is in talks to sell a package of North Sea assets to explorer Chrysaor after earlier discussions with UK billionaire Jim Ratcliffe collapsed, people with knowledge of the matter said.
ConocoPhillips doubles its Q1 profits from last year
ConocoPhillips more than doubled its first-quarter profits from a year ago with more than $1.8 billion in net income.
World Bank arm says Venezuela owes nearly $9bn to ConocoPhillips
Financially struggling Venezuela must pay Houston's ConocoPhillips $8.7 billion for the government's expropriation of the company's investments in Venezuela more than a decade ago, a legal dispute arm of the World Bank ruled Friday.
Equinor finds 12-18m barrels at Visund
Equinor has discovered 12-28 million barrels of recoverable oil with the Telesto exploration well in the Norwegian North Sea.
Transocean rig arrives at Invergordon ahead of ConocoPhillips contract
Transocean’s 712 semi-submersible drilling rig has arrived at Invergordon for refurbishment ahead of a fresh North Sea drilling campaign.
Eni enters race for ConocoPhillips’ UK business, report says
Italian oil firm Eni has reportedly joined forces with Norwegian private-equity fund HitecVision to table a bid for ConocoPhillips' North Sea portfolio.
Union bosses accuse Prosafe of ‘appalling social dumping’
Union bosses have accused offshore accommodation provider Prosafe of perpetrating one of the most “appalling examples of social dumping” ever seen.
North Sea acquisition talks between Ineos, ConocoPhillips break down
Ineos' bid to acquire ConocoPhillips' North Sea portfolio appears to have fallen through.
More than 30 firms share in ‘largest ever’ Norwegian licensing round
The Norwegian Petroleum Directorate (NPD) has announced more than 30 firms have been awarded ownership in its "largest ever" licensing round.
Rocky or steady: How will 2019 play out for oil?
Oil had a tumultuous 2018, with prices rising to a four-year high in October before plunging more than $30 in the following months. Oversupply and demand worries are high on the concern list for the industry, making volatility a buzzword this year as well.