ConocoPhillips

Asia

Indonesia plays hardball with Repsol over gas pricing

Repsol’s potential fast-track development of its Kali Berau Dalam (KBD) giant gas discovery in Indonesia is at risk as the company struggles to agree an attractive sales price with the government.

Oil & Gas

ConocoPhillips loses $450m in third quarter

ConocoPhillips lost $450 million in the third quarter as low crude prices and reduced production during the coronavirus pandemic continued to take a toll on the company's bottom line.

Americas

Cenovus to create Canada oil giant with $2.9bn Husky deal

Cenovus Energy Inc. agreed to buy Husky Energy Inc. in a C$3.8 billion ($2.9 billion) all-stock deal that will combine two of the largest players in Canada’s beleaguered oil-sands industry, which is struggling after the slump in crude prices.

Unconventionals

Conoco to buy Concho for $9.7bn to create shale giant

ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s most prolific oil field.

Asia

East Timor rethinks flawed Greater Sunrise LNG plan

East Timor is reassessing its ambitious petroleum development plans, which include the Woodside Petroleum-operated Greater Sunrise project, after discovering the economic analysis behind its proposed schemes is inaccurate.

North Sea

Changes reflected at ‘Hill’

Hill of Rubislaw in Aberdeen reflects the changing face of the North Sea oil and gas industry, two of the north-east’s leading commercial property experts said yesterday.