Tag: ConocoPhillips

More Texas drillers slashing spending

Several Permian Basin drillers have said that they’re planning smaller budgets for 2015.  More »

BP, ConocoPhillips to cut 530 jobs in the North Sea

In separate announcements Thursday, they said they’re both targeting jobs that support the offshore oil fields between the United Kingdom and Norway that have seen operational challenges and maturing petroleum basins in recent years  More »

ConocoPhillips CEO: Crude exports vote not ripe yet

Ryan Lance said the issue isn’t “quite ready yet” for a vote, despite intense lobbying by oil producers who favor lifting the 40-year-old ban on most crude exports.  More »

Despite declining oil prices, $45 billion Alaska LNG export project moves forward

The project aims to extract North Slope natural gas and move it through an 800-mile pipeline for loading onto tankers bound for Asia.  More »

Canadian oil company cuts more than $2 billion from 2015 budget

It joins a slew of competitors of various sizes, from Marathon Oil to Continental Resources to ConocoPhillips, who have all cut their planned 2015 capital budgets as well.  More »

ConocoPhillips sees first oil from Norwegian startup field

The company is pumping new barrels of oil in Norwegian waters as oil prices have fallen by more than half since June.  More »

Southwestern — unlike peers — plans to boost 2015 spending

Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.  More »

Chevron abandons Arctic drilling plans

Chevron told Canada’s National Energy Board Wednesday that it would pull out of Beaufort Sea.  More »

Marathon Oil will cut more than $1B from 2015 budget

Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.  More »

Citgo says Conoco probe may ‘freak out’ potential buyers

ConocoPhillips claims Venezuela’s state-owned oil company is trying to avoid paying compensation for assets that former President Hugo Chavez nationalized in 2007.  More »

Goodrich pares spending plans, considers selling Eagle Ford assets

In the first half of next year, Goodrich will explore “strategic alternatives” for all or a portion of its Eagle Ford acreage to give the company greater flexibility to expand development under better market conditions, the company said in a release Wednesday.  More »

BP sees $1 billion in restructuring charges as oil falls

The British oil giant is gearing up to weather at least two years of lower oil prices and the contraction in the oil industry that goes with it.  More »

Crude rebounds from five-year low

Crude is trading in a bear market as the highest U.S. production in three decades exacerbates a global glut.  More »

ConocoPhillips cutting capital spending by 20 percent

The cut reflects lower spending on major projects, several of which are nearing completion.  More »

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »
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