By Tyler Losier, Energy Reporter, Oil & Gas 360 German E&P Wintershall Dea teams up with ConocoPhillips to develop Argentina’s Neuquén Basin Wintershall Dea, a German-based E&P with a global asset portfolio, has signed a sales and purchase agreement (SPA) with ConocoPhillips (stock ticker: COP) to jointly develop the Aguada Federal and Bandurria Norte blocks in the central Argentine province
By Bevo Beaven, Editor, Oil & Gas 360 Local control in Colorado: one city works out strict health, safety, environmental controls for oil and gas operators; lands in environmental movement crosshairs anyway Adjacent to Denver’s eastern border, the city of Aurora, Colorado sprawls into three counties—Arapahoe, Adams and Douglas. It is one of the nation’s fastest growing cities. It’s bigger
By Tyler Losier, Energy Reporter, Oil & Gas 360 ConocoPhillips Alaska (stock ticker: COP) has forged an agreement with Caelus Natural Resources Alaska, a small, private E&P, to acquire 100% of Caelus’s holding in the Nuna discovery. The land in question is located just east of the Colville river, approximately five miles southwest of the Oooguruk field. The purchase will
From The Houston Chronicle Oil giant ConocoPhillips is gearing up for a large round of horizontal drilling on three leases in the Eagle Ford Shale of South Texas. The company’s subsidiary, Burlington Resources, is seeking permission from the Railroad Commission of Texas to drill 13 wells in oil-rich DeWitt and Karnes counties. ConocoPhillips plans to drill 10 horizontal wells divided
By Tyler Losier, Energy Reporter, Oil & Gas 360 Ithaca will now be second largest producer in North Sea Ithaca Energy Limited will be acquiring Chevron North Sea Limited (stock ticker: CVX) for $2 billion, adding 10 producing field interests to its existing portfolio. Four of those interests are related to assets already operated by Ithaca, leading to an approximately
Conoco looks toward sub-$7 billion/year capital spend for the long-term forecast By Richard Rostad, analyst, Oil & Gas 360 ConocoPhillips (ticker: COP) announced first quarter results today, showing net income of $1.8 billion, or $1.60 per share. This quarter’s results significantly exceed those of Q1 2018, when Conoco earned $0.9 billion. However, much of this difference is due to special
from Hellenic Shipping News/Platts As Alaska’s oil production declines, enormous attention is being paid to even the slightest hint of a find that could turn the state’s fortunes around. Much hope has been pinned on the development of the Nanushuk, a broadly-dispersed set of rocks along the Colville River that extends west into the National Petroleum Reserve-Alaska. Some companies have had
From The Wall Street Journal ConocoPhillips is exiting the oil exploration and production market in the U.K., the latest move by the company to refocus its portfolio. The company said Thursday it reached a deal to sell two subsidiaries that focus on production in the U.K.’s North Sea for about $2.68 billion in cash to Chrysaor E&P Ltd. ConocoPhillips has
ConocoPhillips Closes Sale of Its Interest in Greater Sunrise Fields
From Reuters Venezuela must pay ConocoPhillips more than $8 billion to compensate for the 2007 expropriation of oil assets by the late socialist leader Hugo Chavez, the World Bank ruled on Friday, making the U.S. energy company the largest victor in claims stemming from nationalizations in the OPEC country. The company may have to fight to collect. Venezuela has balked
ConocoPhillips Recommends Rejection of Below-Market Mini-Tender Offer by Baker Mills LLC …
Earned $6.3 billion in 2018 The country’s largest independent E&P announced fourth quarter results today as ConocoPhillips (stock ticker: COP) ($COP) showed earnings of $1.9 billion, or $1.61 per share. The company earned a total of $6.3 billion in 2018, or $5.32 per share. Conoco has been firing on all cylinders since mid-2017, and has reported six straight quarters of
