From Hellenic Shipping News Rapid technology advances are allowing explorers and producers in Alaska to add hundreds of millions of barrels of new resources to portfolios at a cost competitive with finding oil in the Lower 48 states. Chief among the technologies being used are advanced 3-D seismic and new data processing techniques, to define and map oil deposits in
ConocoPhillips Closes Sale of 16.5 Percent Interest in Clair Field in United Kingdom and Acquisition of Additional 39.2 Percent Interest in Greater Kuparuk Area in Alaska
“We no longer think of our value proposition as merely disciplined, we view it as the new order” – ConocoPhillips CEO Ryan Lance The CEO of Houston-based oil and gas giant ConocoPhillips (stock ticker: COP) has declared his company’s 2019 value proposition to be “the new order.” ConocoPhillips published its “New Order” value proposition for 2019. Source: COP “We
From Investor’s Business Daily Exxon Mobil (stock ticker: XOM), Chevron (stock ticker: CVX), ConocoPhillips (stock ticker: COP) and Royal Dutch Shell (stock ticker: RDSA) are reportedly interested in buying Endeavor Energy Resources, a privately held Permian Basin acreage holder. Chevron and Exxon are reportedly submitting first round bids for privately held Endeavor, sources told Bloomberg. Shell is considering participating and Conoco is also reportedly interested. Endeavor could be
ConocoPhillips Announces Executive Leadership Retirement and Realignment
COP matches pre-downturn results despite 25% lower oil prices and 20% lower production ConocoPhillips (ticker: COP) announced third quarter results today, showing net earnings of $1.9 billion, or $1.59 per share. Conoco produced 1,224 MBOEPD in Q3, up 2% compared to Q3 2017, or 6% if divestitures are excluded. This slight overall increase conceals significant growth from the company’s U.S.
From the Houston Business Journal Houston-based ConocoPhillips (NYSE: COP) has selected Kelly Brunetti Rose, a Houston partner at Baker Botts LLP, as its new general counsel, according to media reports. ConocoPhillips confirmed to Law360 that she’ll join the company in early September, and her title will include senior vice president of legal and corporate secretary. Janet Langford Carrig, who currently
ConocoPhillips (NYSE: COP) announced it has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million. Production associated with the Barnett assets for the first half of 2018 averaged 9 thousand barrels of oil equivalent per day, of which approximately 55 percent was natural gas and 45 percent was
COP holds 100% working interest After adding more to its Alaskan portfolio, ConocoPhillips (NYSE:COP) has stated that its total of gross discovered resource has been estimated at 0.5-1.1 BBOE, with 100% working interest and 75% of the play yet to be drilled. Looking at the Greater Willow Area the company now estimates its 2016-2018 exploration and appraisal campaign has discovered
ConocoPhillips (NYSE: COP) announced that it has entered into an agreement to sell a ConocoPhillips subsidiary to BP for an undisclosed price. The subsidiary will hold a 16.5 percent interest in the BP-operated Clair Field, with ConocoPhillips retaining a 7.5 percent interest in the field. ConocoPhillips also announced it has entered into simultaneous agreements to acquire BP’s 39.2 percent interest
From Financial Times Conoco’s step back from Permian Basin is temporary, CEO says Lance predicts short-term pipeline bottlenecks will not curb US oil production growth ConocoPhillips chief executive Ryan Lance: ‘We’re not trying to chase the cycle up’ US oil production can “comfortably” continue its strong growth over the next few years, in spite of hold-ups caused by a shortage
Northern California U.S. District Judge William Alsup has dismissed the climate change lawsuits filed against BP (NYSE: BP), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Exxon Mobil (NYSE: XOM), and Shell (NYSE: RDS.A) by the cities of San Francisco and Oakland. The lawsuits were filed last September against the five big oil companies alleging that the carbon emissions from their fossil
