Conocophillips News

 

QatarEnergy to Sign Long-term Asian LNG Supply Deal on Thursday - Source

May 30, 2023

QatarEnergy will sign a long-term liquefied natural gas (LNG) supply deal with an Asian entity on Thursday, a source with direct knowledge of the matter told Reuters.The deal will be one of many to come this year as the major LNG producer secures sales for its North Field expansion project…

Heritage Petroleum Names Ex-ConocoPhillips Exec as New CEO as Chow Set to Retire

May 23, 2023

Trinidad and Tobago's state-owned oil company Heritage Petroleum has hired a 25-year veteran of U.S. oil and gas producer ConocoPhillips CEO, the company's chairman told Reuters on Monday. Erik Keskula was last president of Conoco's Malaysia…

Australia Gov't to Change Petroleum Tax, LNG Projects to Pay More

May 08, 2023

Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion ($1.6 billion) over the next four fiscal years, Treasurer Jim Chalmers said on Saturday…

Norway Plans Wider Gas Transport Nationalisation, Including at Nyhamna

May 08, 2023

Norway's plan to nationalize gas pipelines owned by the Gassled company also includes an additional goal to take over other assets, including at the Nyhamna processing plant, a letter from the Norwegian energy ministry to the owners showed. In a surprise move…

ConocoPhillips Sees 'light at end of the tunnel' for Venezuela Claims - CEO

May 05, 2023

U.S. oil and gas producer ConocoPhillips on Thursday said it sees 'light at the end of the tunnel' in long-running claims for expropriation of its Venezuelan assets, as it appeals an $8 billion arbitration award and pursues another lawsuit in the U…

Norway Oil Workers Agree Wage Deal, Avert Strike

May 03, 2023

Wage talks between Norwegian oil firms and two labor unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year.The Lederne union as well as Industri Energi both came to an agreement with companies…

Woodside Directors Re-elected Despite Climate Strategy Concerns

Apr 28, 2023

Woodside Energy Group Ltd's WDS.AX shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans…

ConocoPhillips Raises Emission Reduction Targets, Expects $10B in Annual Spending

Apr 12, 2023

U.S. oil producer ConocoPhillips on Wednesday unveiled a 10-year plan that raised its targets for greenhouse gas reductions and put its annual capital expenditure at about $10 billion on average, ahead of an investor meeting.Houston-based ConocoPhillips…

QatarEnergy Picks Up Stakes from Exxon in Canadian Offshore Blocks

Mar 29, 2023

Qatar's state-owned energy company on Wednesday signed a deal to acquire from ExxonMobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.QatarEnergy, the world's largest producer of liquefied natural gas (LNG)…

Australia: ConocoPhillips Becomes Operator of VIC/P79 Offshore Block. Drilling to Start in 2024/2025

Mar 16, 2023

ASX-listed oil and gas company 3D Oil has completed the farmout of 80% interest and operatorship of VIC/P79 offshore block in Australia to ConocoPhillips, after the approval of the transfer of title documentation by the National Offshore Petroleum Titles Authority ('NOPTA')…

Biden Administration to Designate 2.8 Million Acres in Arctic Ocean off-limits for Oil and Gas Leasing

Mar 13, 2023

The U.S. Department of the Interior said Monday that President Biden would take action to designate about 2.8 million acres in the Arctic Ocean nearshore the National Petroleum Reserve-Alaska (NPR-A) as indefinitely off-limits for future oil and gas leasing…

Worker Loses Arm in Incident on Offshore Drilling Rig

Feb 23, 2023

An investigation into a potentially fatal offshore rig incident in Norway in which a worker lost his arm after getting crushed by a heavy drag chain, has now been completed.The incident occurred on the Linus jack-up rig on November 10, 2022…

DeepOcean Triggers Option for Battery Installation on Offshore Support Vessel

Jan 12, 2023

Subsea service provider DeepOcean has triggered an option to seek the installation of a battery hybrid system on board the Stril Server multi-purpose support vessel (MPSV).DeepOcean is chartering theStril Server from Stavanger-based shipowner Simon Møkster Shipping…

Germany to Get New Qatari LNG flows Through QatarEnergy, ConocoPhillips Deal

Nov 30, 2022

Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips COP.N on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. Since Russia's invasion of Ukraine in February…

DeepOcean Nets $201.8M in Subsea Deals with Equinor, BP, ConocoPhillips

Nov 28, 2022

Subsea services provider DeepOcean said Monday it had secured 'substantial contracts' with oil and gas companies Equinor, ConocoPhillips, and BP worth a total of NOK 2 billion (around $201.8 million). The awards involve subsea inspection, maintenance…

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