Tag: ConocoPhillips

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 »

Fog forecaster finds loyal customers in energy companies

Meteorologist Mark Chambers devotes much of his time to hurricanes, but on a winter day far removed from storm season, another weather phenomenon piqued his interest: fog.  More »

More megaprojects mean growing delays

As the oil and gas industry build a growing number of multi-billion dollar “megaprojects” each year, they face another trend: a growing number of delays.  More »

ConocoPhillips CEO: Skeptics’ warnings of shale bubble are unfounded

ConocoPhillips CEO Ryan Lance fired back at shale skeptics, while speaking at Rice’s Baker Institute for Public Policy Tuesday. He said the country’s shale revolution is only in the “first inning of a nine inning game.”  More »

Phillips 66 shifts focus with $3 billion in new projects

Phillips 66 is no longer betting its future on the massive refining business that made it the second-largest energy company in the world. Instead, it’s using refining, once its most profitable arm, as a cash cow to transform itself into a business that primarily operates energy transportation, storage and processing infrastructure.  More »

Executives hail project agreement as significant

Executives from the North Slope’s major oil and gas companies on Wednesday hailed an agreement with the state as a major step forward in pursuing a major liquefied natural gas project.  More »

Asset sales boost Conoco’s quarterly profit as revenue drops

ConocoPhillips’ fourth-quarter earnings rose 79 percent, largely due to asset sales in Algeria and the Caspian Sea, the company reported Thursday.  More »

Falling gasoline prices hurt Big Oil’s plea for US crude exports

The world crude market is having waning influence on U.S. gasoline, which instead is beginning to track lower-priced domestic oil.  More »

Alaska natural gas project agreement called ‘groundbreaking achievement’

An agreement with major oil and pipeline companies to advance a liquefied natural-gas project represents a “groundbreaking achievement” for Alaska, says the state’s revenue commissioner.  More »

Alaska unveils new way forward on gas line

Gov. Sean Parnell said he would seek legislative approval for a new agreement with TransCanada .  More »

Oil companies drive Alaska crude comeback as Palin tax dies

BP Plc and ConocoPhillips, looking to benefit from the repeal of an Alaska oil tax championed by Sarah Palin when she was governor, are chasing enough crude to end the state’s two-decade-long slump in production.  More »
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