Archive for the ‘ConocoPhillips’ Category
ConocoPhillips has agreed to sell its interests in the Barnett shale play to Lime Rock Resources, Houston, for $230 million plus net customary adjustments. Production associated with the assets for the first half of the year averaged 9,000 boe/d, of wh…
ConocoPhillips is raising its 2018 capital spending budget as well as its full-year production guidance considering a higher West Texas Intermediate benchmark price environment, higher-than-budgeted partner-operated activity, improved performance acros…
ConocoPhillips signs agreements related to Clair field, Greater Kuparuk interests
July 5th, 2018 by Latest News
ConocoPhillips will add to its asset base in Alaska and sell partial interest in a UK North Sea asset as part of interconditional transactions expected to close simultaneously.
ConocoPhillips has awarded three engineering contracts for front-end engineering and design work for the Barossa gas-condensate development project in the eastern Timor Sea about 300 km north of Darwin.
ICC panel: PDVSA owes ConocoPhillips $2 billion
April 26th, 2018 by Latest News
ConocoPhillips has received confirmation through international arbitration that Petroleos de Venezuela SA owes it $2.04 billion as contractual compensation for Venezuelan properties nationalized in 2007.
ConocoPhillips upped its five-well drilling campaign to a sixth with the 2018 Winter exploration and appraisal program on Alaska’s wester North Slope at the Willow discovery. Discovered in January 2017, the Tinmiaq 2 and 6 were drilled in early 2016 an…
ConocoPhillips to cut 450 jobs in UK by 2020
April 11th, 2018 by Latest News
A company spokesperson has confirmed that ConocoPhillips is cutting 450 jobs across its UK operations between this October and April 2020.
ConocoPhillips provided updates on its first-quarter asset sale and purchase activity.
ConocoPhillips recorded fourth-quarter 2017 earnings of $1.6 billion, up from third-quarter 2017 earnings of $400 million and up from the fourth-quarter 2016 net loss of $35 million. Full-year earnings were a net loss of $0.9 billion compared with a fu…
ConocoPhillips reported first-quarter earnings of $777 million compared with a loss of $1.469 billion in the same quarter last year.