Tag: ConocoPhillips

Green Dragon Gas settles with ConocoPhillips for $40 million

Green Dragon Gas Ltd., a Chinese producer of coal-bed methane gas, has agreed to pay ConocoPhillips a $40 million arbitration settlement to end a contract dispute.  More »

BP puts San Juan Basin gas wells on auction block

BP is trying to hawk thousands of aging natural gas wells in New Mexico as it trims some assets before the launch of its U.S. oil and gas business.  More »

Ending ban on oil exports would mean cheaper gasoline, energy executive says

ConocoPhillips senior economist Helen Currie, citing a study by the energy consulting firm IHS Inc., said prices at the pump would fall by about 8 cents a gallon should crude exports be allowed.  More »

Voters go with oil companies in fight over Alaska taxes

Alaskans narrowly defeated an effort to repeal an industry-friendly oil tax regime adopted last year.  More »

Warren Buffett pulls back on oil company investments

Warren Buffett showed the energy industry his gloomy side in the second quarter.  More »

Most majors keep investments in lower risk countries, report says

Major oil and gas companies have continued to base the majority of production in low-risk countries, with a handful of exceptions, according to a new analysis.  More »

ConocoPhillips’ profit rises as production increases

Surging U.S. oil production helped lift ConocoPhillips’ profit by 1.5 percent in the second quarter as the company reported significant increases in output from the Eagle Ford and Bakken shales.  More »

Oil companies forfeit Arctic drilling rights

Oil companies that had locked up more than 1.3 million acres of the Beaufort Sea for drilling in 2007 have since relinquished nearly half that territory, signaling the industry’s appetite for tapping those Arctic waters may be waning even as the Obama administration makes plans to auction off more of the area.  More »

ConocoPhillips closes $1.5 billion sale of upstream Nigerian assets

ConocoPhillips has completed the $1.5 billion sale of its Nigerian upstream business to Lagos, Nigeria-based Oando Energy Resources, the company said Wednesday.  More »

Baker Hughes appoints two new directors

Baker Hughes said Tuesday its board appointed two new directors, one who led a natural gas midstream company and another whose career has included C-suite appointments in the fast-food, airline and retail industries.  More »

Big Oil on a spending spree in Alaska – for now

Energy company investments in Alaska could reverse declining oil production in the state, unless, they say, voters dismantle a new oil tax regime.  More »

Activist investors push objectives at ConocoPhillips meeting

Despite the activist investors’ visible presence at ConocoPhillips’ annual meeting, two shareholder proposals – one for the company to report its lobbying expenditures in greater detail, another for it to set greenhouse gas reduction targets – were shot down.  More »
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