ConocoPhillips Alaska achieved first oil Aug. 7 from its approximately $800 million Coyote 3SX development in Alaska’s Kuparuk River Unit (KRU), bringing the project online ahead of schedule and under budget. The development, located on state land on Alaska’s North Slope, is expected to reach peak gross oil production of approximately 12,000 bpd. ConocoPhillips approved funding for the […]
ConocoPhillips chief financial officer and executive vice president, strategy and commercial Andy O’Brien to succeed Ryan Lance as president and chief executive, with Lance becoming executive chair. Current vice president, finance and controller Konnie Haynes-Welsh to become senior vice president and chief financial officer. All effective 1 September.
ConocoPhillips has completed the sale of USD 1.7 billion of non-core Lower 48 assets in the US and reached its USD 5-billion asset disposition target ahead of schedule, Reuters reported on Thursday.
Equinor and partners Petoro, Shell, TotalEnergies and ConocoPhillips have approved an investment of approximately USD 410 million in a new subsea development to increase gas production from the Troll field in the North Sea, Equinor announced on Friday. The Troll West Increased gas recovery North (TWIN) project is expected to add approximately 11 bcm (388.5 bcf) of gas production […]
The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince firms to invest. The recent changes to Venezuela’s oil law intended to entice foreign drillers still give the government wide latitude to charge royalties of up to 30%, […]
Glenfarne Group and ConocoPhillips Alaska have signed a gas sales precedent agreement supporting Phase One development of the Alaska LNG project, adding another long-term North Slope supply commitment to the proposed pipeline system.
TotalEnergies, QatarEnergy and ConocoPhillips have signed an MoU with the Syrian Petroleum Company to assess exploration opportunities in Block 3 offshore Syria, the companies announced on Tuesday.
ConocoPhillips has dispatched a team to Venezuela to evaluate the prospects for a return to drilling in the oil-rich Caribbean nation almost two decades after billions of dollars in assets were seized by the socialist regime.
ConocoPhillips is exploring a sale of some of its Permian basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter.
ConocoPhillips and its partners have submitted two plans for development and operation (PDOs) to Norway’s Ministry of Energy for the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields in the Greater Ekofisk Area of the North Sea.