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.
Libya has signed a 25-year oil development deal with TotalEnergies and ConocoPhillips, expected to generate more than USD 20 billion in foreign investment, Reuters reported on Saturday.
Western Midstream Partners LP (WES) announced Tuesday it has amended its natural gas gathering and processing contracts in the Delaware Basin with Occidental Petroleum Corp and expanded its partnership with ConocoPhillips in the same basin.
ConocoPhillips will reduce its workforce by 20–25% as part of a broad reorganization announced to employees this week, according to a new Reuters report. The company said reductions will occur across functions and geographies, with further details to be shared directly with staff through internal briefings.