Conocophillips

ConocoPhillips Cuts Deal to Deliver Long-Term LNG Supplies to Germany

ConocoPhillips Cuts Deal to Deliver Long-Term LNG Supplies to Germany

ConocoPhillips on Tuesday signed two contracts to buy LNG from QatarEnergy and deliver it to Germany beginning in 2026, marking the first ever long-term supply agreement to move the super-chilled fuel to Europe’s largest gas-consuming nation. Under the agreements, Conoco would purchase 2 million tons (Mt) of liquefied natural gas annually for a term of…

November 29, 2022
ConocoPhillips Lands 5 MMty of Offtake, 30% Port Arthur LNG Stake in Sempra Agreement

ConocoPhillips Lands 5 MMty of Offtake, 30% Port Arthur LNG Stake in Sempra Agreement

Sempra Infrastructure has formalized an agreement with ConocoPhillips, giving the independent 5 million metric tons/year (mmty) of offtake and a 30% stake in its planned Texas export project east of Houston. The subsidiary of San Diego-based Sempra disclosed Tuesday that it executed a 20-year sales and purchase agreement (SPA) with ConocoPhillips for supply from Port…

November 23, 2022
ConocoPhillips Standing Firm on Permian Acquisitions Despite Price ‘Volatility’ on Takeaway Constraints

ConocoPhillips Standing Firm on Permian Acquisitions Despite Price ‘Volatility’ on Takeaway Constraints

Management for Houston-based ConocoPhillips during a quarterly earnings call highlighted the independent’s progress as it expanded its LNG activities while achieving record production. CEO Ryan Lance told investors “the world is going to need investments in medium- and long-term production in addition to U.S. shale plays.” ConocoPhillips’ portfolio is “well positioned to meet these long-term…

November 15, 2022
U.S. E&Ps Step Up Oil Production as Demand Climbs, Recession Lurks

U.S. E&Ps Step Up Oil Production as Demand Climbs, Recession Lurks

Domestic crude production climbed notably last week, putting output near the 2022 peak, as U.S. demand accelerated and global market conditions tightened. The Energy Information Administration (EIA) said Wednesday that output for the week ended Nov. 4 climbed by 200,000 b/d from the previous week to 12.1 million b/d. That brought production close to the…

November 9, 2022
ConocoPhillips Building Global LNG Portfolio as Long-Term Resource in Energy Transition

ConocoPhillips Building Global LNG Portfolio as Long-Term Resource in Energy Transition

Management for Houston-based ConocoPhillips during a quarterly earnings call highlighted the independent’s progress as it expanded its LNG activities while achieving record production. CEO Ryan Lance told investors “the world is going to need investments in medium- and long-term production in addition to U.S. shale plays.” ConocoPhillips’ portfolio is “well positioned to meet these long-term…

November 8, 2022
ConocoPhillips Takes Third, Final Stake in North Field South LNG Project

ConocoPhillips Takes Third, Final Stake in North Field South LNG Project

ConocoPhillips has been selected as a partner in QatarEnergy’s North Field South (NFS) LNG expansion project with a 6.25% stake awarded to one of the world’s largest independents. ConocoPhillips is the third company to sign on to the two-train, 16 million metric ton/year (mmty) capacity liquefied natural gas project planned from Qatar’s prolific North Field.…

October 31, 2022
North Dakota Oil, Natural Gas Production Flat as Bakken Operators in Maintenance Mode

North Dakota Oil, Natural Gas Production Flat as Bakken Operators in Maintenance Mode

North Dakota’s natural gas production averaged 3.09 Bcf/d in August versus 3.1 Bcf/d in July, according to the latest figures from the state’s Department of Mineral Resources (DMR).  The slight dip was mainly because of a processing plant outage, DMR’s Lynn Helms, Oil and Gas Division director, told reporters.  The natural gas capture rate held…

October 17, 2022
ConocoPhillips Eyes Larger Role in Global LNG Trade through Sempra, Qatar Partnerships

ConocoPhillips Eyes Larger Role in Global LNG Trade through Sempra, Qatar Partnerships

Houston-based ConocoPhillips is looking to leverage its experience as a leading natural gas marketer to become a more active player in the global LNG market, CEO Ryan Lance said Thursday. Lance hosted a conference call to discuss the mega-independent’s second-quarter results. ConocoPhillips is among the largest oil and gas producers in North America, with a…

August 4, 2022
ConocoPhillips, Devon and Pioneer Natural Throw Support to Global Methane Initiative

ConocoPhillips, Devon and Pioneer Natural Throw Support to Global Methane Initiative

Three of the largest Lower 48 producers have joined worldwide oil and gas peers in pledging to improve methane emissions reporting and reduce greenhouse gas (GHG) emissions. ConocoPhillips, Devon Energy Corp. and Pioneer Natural Resources Co. announced Thursday they were becoming members of the Oil and Gas Methane Partnership (OGMP) 2.0 Initiative. The OGMP standard…

July 19, 2022
TotalEnergies Awarded Stake in Qatar’s North Field East LNG Project

TotalEnergies Awarded Stake in Qatar’s North Field East LNG Project

TotalEnergies SE has been awarded an equity stake in Qatar’s massive North Field East (NFE) liquefied natural gas (LNG) expansion project.  The French major becomes the first partner in the 32 million metric tons/year (mmty) project. It was awarded a 25% interest alongside QatarEnergy (QE), which has a 75% stake.   “This new partnership will enable…

June 13, 2022
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