Conocophillips

FERC has issued a certificate for a Texas Eastern Transmission LP project that would add 600,000 Dth/d of incremental transportation capacity on the pipeline’s northern Penn-Jersey system from Appalachian basins to serve markets in the Northeast, Midwest, Southeast and the Gulf Coast.

ConocoPhillips Alaska (COPA) has submitted an application to the U.S. Department of Energy (DOE) to resume exports of liquefied natural gas (LNG) from its Kenai, AK, facility located in the Cook Inlet, according to an e-mail to the Alaska Oil and Gas Association (AOGA) and other stakeholders.

Berkshire Hathaway Inc. disclosed Thursday that it owns 40.1 million shares of ExxonMobil Corp. currently worth an estimated $3.45 billion.

ConocoPhillips executives said most of the company’s production growth during 3Q2013 came from shale plays in the Lower 48 — especially the Eagle Ford and the Bakken — and predicted “significant growth and very high margin growth” from the Eagle Ford for several more years.

A fresh frontier for shale drilling is opening up in Canada’s Northwest Territories, a new well approval by the National Energy Board (NEB) has confirmed.

Alaska’s Cook Inlet was thought to have been played out for natural gas development. However, recent promising producer activity there has moved the state to seek the reopening of a liquefied natural gas (LNG) export facility for fear that without it there may not be a market for the potential gas.

A ConocoPhillips chief analyst/strategist on Wednesday told an industry audience in Chicago that there will be no major hurricanes through the Gulf of Mexico (GOM) or elsewhere in the United States this year.

A new frontier is opening for shale drilling and hydraulic fracturing on a sub-arctic landscape of forests, muskeg swamps and permafrost 2,000 kilometers (1,200 miles) north of the border between western Canada and the United States.

Big Oil’s attempt to take over the North American onshore from U.S. independents so far hasn’t paid off as some would have imagined just a few years ago, with the majors still struggling to capture the kind of profits and production results they may have been anticipating.