Conocophillips

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
ConocoPhillips Taking Advantage of Permian Position, Ramping Up More Wells

ConocoPhillips Taking Advantage of Permian Position, Ramping Up More Wells

ConocoPhillips joined other exploration and production (E&P) companies in reporting rising earnings, thanks to geopolitical impacts to oil and gas prices, but management said it should move on “full value chain” opportunities in liquefied natural gas (LNG) to further enhance its gas business. The Houston-based independent, the world’s largest, has substantial global holdings in gas.…

May 11, 2022
ConocoPhillips Analyst Sees Evolution of Natural Gas Market

ConocoPhillips Analyst Sees Evolution of Natural Gas Market

Slower-than-usual rig count growth, fewer uncompleted wells and a shrinking coal generation fleet are contributing to an atypical natural gas market recovery, according to analysts with ConocoPhillips. At the LDC Gas Forum Southeast in Savannah, GA, on Monday, ConocoPhillips’ Matt Henderson, a senior market analyst, said the industry had entered “a bit of a new…

March 22, 2022
Can Lower 48 E&Ps Ramp Up Production? Not So Fast, Execs Say

Can Lower 48 E&Ps Ramp Up Production? Not So Fast, Execs Say

It will take more than $100/bbl oil and an energy crisis in Europe for Lower 48 exploration and production (E&P) firms to substantially raise production, according to executives from three leading onshore producers who spoke at the CERAweek event in Houston. Pioneer Natural Resources Co. CEO Scott Sheffield told the CERAWeek by S&P Global conference…

March 16, 2022
ConocoPhillips’ Lance Urges Natural Gas, Oil Industry to ‘Stay Connected’ in Midst of Ukraine Crisis

ConocoPhillips’ Lance Urges Natural Gas, Oil Industry to ‘Stay Connected’ in Midst of Ukraine Crisis

In the wake of a ban on Russian oil and natural gas to the United States, Tuesday talks at CERAWeek in Houston notably shifted to energy security and geopolitics, but ConocoPhillips CEO Ryan Lance had a few choice words for anyone who believes this is a perfect time to keep the U.S. natural gas and…

March 8, 2022
ConocoPhillips Putting Brand on Shell’s Former Permian Acreage

ConocoPhillips Putting Brand on Shell’s Former Permian Acreage

ConocoPhillips plans to keep the number of rigs steady on Permian Basin acreage recently acquired from Shell plc. “We plan to continue running four rigs on that property, the same activity rate that Shell was running, through the remainder of this year,” Executive Vice President Tim Leach who oversees Lower 48 operations told analysts during…

February 4, 2022
ConocoPhillips Sharply Raises 2022 Capex to $7.2B, with Output Growth Driven by Alaska, Permian

ConocoPhillips Sharply Raises 2022 Capex to $7.2B, with Output Growth Driven by Alaska, Permian

ConocoPhillips is targeting full-year capital expenditures (capex) of around $7.2 billion in 2022, up from the $5.3 billion forecast for 2021, according to preliminary guidance. The Houston-based exploration and production (E&P) giant said about 60% of the spend “will be directed to the Lower 48 for short-cycle investment across the company’s extensive, high-quality unconventional asset…

December 8, 2021
ConocoPhillips Targeting Higher Threshold as Permian Position Grows

ConocoPhillips Targeting Higher Threshold as Permian Position Grows

The proverbial bar went up for ConocoPhillips during 3Q2021, and CEO Ryan Lance on Tuesday said the largest independent in the United States is on the cusp of another big step in its growth trajectory.  After acquiring Permian Basin pure-play Concho Resources Inc. earlier this year, the Houston independent joined the ranks of the largest…

November 3, 2021
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