Tag: ConocoPhillips

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 »

ConocoPhillips CEO: US crude keeping a check on global oil price spikes

Geopolitical turbulence in the Middle East would have created a spike in global oil prices if not for the rise of light-crude in the United States and oil sands in Canada, ConocoPhillips CEO Ryan Lance said Tuesday.  More »

Commentary: Offshore production helped transform world energy outlook

Ryan Lance, chairman and CEO of ConocoPhillips, says while much of the credit goes to rising production from onshore shale, offshore production shouldn’t be overlooked for its role in enhancing energy security, job creation and economic prosperity.  More »

ConocoPhillips profit flat while U.S. shale surges

ConocoPhillips’ profit slipped less than 1 percent in the first quarter as its oil output edged down in Libya and Alaska and surged in U.S. shale plays.  More »

Eagle Ford touted as ‘greatest energy success story’

The Eagle Ford Shale could help Texas’ oil production jump ahead of every OPEC country except Saudi Arabia.  More »

Debate on crude export ban ignites lobbying in DC

A high-profile debate over the 39-year-old ban on exporting U.S. crude unleashed a wave of lobbying in the nation’s capital, government filings reveal.  More »

ConocoPhillips boosts estimate of Eagle Ford barrels

ConocoPhillips says it’s sitting on even more oil in its Eagle Ford Shale acreage than it thought.  More »

Executive pay drops as shareholder pressure rises on oil giants

Several of the largest U.S. energy companies cut into top-shelf executive pay last year as activist investors pushed them to shrink their oil empires and steer more capital to shareholder pockets.  More »
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