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Utilities seek ConocoPhillips stake in Cook Inlet gas field

Anchorage Municipal Light and Power and Chugach Electric Association are looking to buy ConocoPhillips’ stake in the Beluga River Unit about 35 miles west of Anchorage.
(Alexander Zemlianichenko Jr./Bloomberg)

Wood Mackenzie: Just 0.1 percent of global crude output shuttered by cheap oil

Though crude is cheaper than during the financial crisis seven years ago, global oil prices haven’t fallen far enough yet to force oil producers to shut in more than 0.1 percent of the world’s daily supply.
Ryan Lance, chairman and CEO of ConocoPhillips ( Marie D. De Jesús / Houston Chronicle )

ConocoPhillips CEO: Oil downturn could stretch into 2017

ConocoPhillips, the No. 3 U.S. oil company, announced a quarterly loss on Thursday and said it is cutting its shareholder dividend by two thirds.
(Tomohiro Ohsumi/Bloomberg)

ConocoPhillips ships first LNG from Australian megaproject

The shipment is among the first in a wave of liquefied natural gas projects that are coming online even as low oil prices have dragged down the value of natural gas on international markets.
The Angelica Schulte docked in the Houston Ship Channel (Enterprise Products Partners)

First crude oil export cargo from Houston Ship Channel leaving this week

Crude oil exports began at the very end of 2015 shortly after Congress voted to end the 40-year ban.
The Theo T crude oil tanker docked in Corpus Christi (NuStar)

Here’s the first known U.S. crude oil cargo destined for export

San Antonio-based NuStar Energy is loading the oil cargo on New Year’s Eve at its dock at the Port of Christi.
A rig worker looks out across the North Sea aboard the Troll A natural gas platform, operated by Statoil ASA, in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Oil platforms evacuated in North Sea due to drifting barge

Company spokesman Jan-Erik Geirmo said the evacuees were taken to other oil fields as a precaution, and that 85 people remained on platforms in the Valhall field Thursday morning.
The SKS Trent oil tanker passes through the Houston Ship Channel near Morgan's Point, Texas as Ed Phillip fishes on October 14, 2004.  Crude oil rose to a record $54.76 a barrel in New York after an Energy Department report showed that
U.S. supplies of heating oil plunged last week.
Photographer: Craig Hartley/Bloomberg News

ConocoPhillips, NuStar say they’re first to export U.S. oil

The two companies said they plan to finish loading the Eagle Ford crude cargo on Thursday at the Port of Corpus Christi.

ConocoPhillips exits Russia

The company had been searching for a buyer for its 50 percent share of the Polar Lights field in northwestern Russia for more than 18 months as output slumped and international sanctions made it harder for U.S. companies to operate in Russia.
A lineman at the Houston Ship Channel. LNG company NextDecade is hoping to build an export facility in nearby Galveston to take advantage of the shipping lane. Photo by Lou Vest.

Here’s why the U.S. will export oil for first time in decades

The lifting of the embargo is part of a spending deal expected to be pushed through the House and Senate by the end of the week.