Monkey Island LNG CEO Greg Michaels said the selection followed extensive analysis of multiple technologies, adding, “The ConocoPhillips Optimized Cascade Process will enable Monkey Island LNG to provide customers with long-term, secure and competitively priced LNG supply.”
ConocoPhillips has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MMtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure.
ConocoPhillips has contracted Halliburton to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods.
ConocoPhillips has signed an agreement to sell its assets in the Anadarko basin for $1.3 billion, a move that pushes the company past its $2 billion divestiture goal ahead of schedule and reinforces its strategy to optimize its Lower 48 portfolio.
U.S. shale production will likely plateau if WTI oil prices remain in the low $60s per barrel, and decline at prices in the $50s, ConocoPhillips chairman and CEO Ryan Lance said at the Qatar Economic Forum on Tuesday.
Subsea7 has been awarded a front-end engineering and design contract by ConocoPhillips Skandinavia for the Previously Produced Fields development project offshore Norway, Subsea7 said on Monday.
The new reserve was located at the Goktepe-3 well, situated 69 kilometres west of the Sakarya gasfield and 165 kilometres offshore, following 49 days of drilling by the high-tech vessel Abdulhamid Han. The well lies at a depth of 3,500 metres, and exploration began on March 27. The discovery, officially announced on May 16, is expected to meet the country’s residential natural gas demand for three and a half years.
SEFE to purchase up to nine billion cubic metres of natural gas from ConocoPhillips over the next ten years
Agreement further strengthens security of energy supply for Germany and Europe
SEFE CCO Frederic Barnaud: “This agreement is an important milestone in pursuing our ambition to diversify our natural gas portfolio.”
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $17.1 billion in a bid to catch up with rivals as drillers race to secure new oil and gas wells.