Conocophillips

Conoco’s Mulva Volunteers to Give Up Current Contract

In a signal that top management expects to see results put ahead of compensation, James Mulva, CEO of ConocoPhillips, has volunteered to give up some of his top perquisites, which required terminating his lucrative employment contract.

September 27, 2004

Conoco’s Mulva Volunteers to Give Up Current Contract

In a signal that top management expects to see results put ahead of compensation, James Mulva, CEO of ConocoPhillips, has volunteered to give up some of his top perquisites, which required terminating his lucrative employment contract.

September 24, 2004

Conoco Begins Seismic Study of Laurentian Basin

ConocoPhillips Canada has begun seismic exploration of the Laurentian sub-basin off the south coast of Newfoundland, the first step to map a seabed that could hold an estimated 6 Tcf of natural gas and up to 700 million bbl of oil. If the seismic surveys show promise, the Houston-based major could begin deepwater drilling by 2007, the company said.

August 23, 2004

Conoco Begins Seismic Study of Laurentian Basin

ConocoPhillips Canada has begun seismic exploration of the Laurentian sub-basin off the south coast of Newfoundland, the first step to map a seabed that could hold an estimated 6 Tcf of natural gas and up to 700 million bbl of oil. If the seismic surveys show promise, the Houston-based major cold begin deepwater drilling by 2007, the company said.

August 17, 2004

Industry Briefs

TECO Peoples Gas has added its three-hundredth natural gas customer in the state of Florida. “We’re excited to celebrate this landmark event in our company’s growth,” said Kent Hobart, general manager for Peoples Gas North Region. “In fact, this represents a 50% customer increase since 1997.” In reaching the 300,000 mark, TECO Peoples Gas said it is Florida’s leading provider of natural gas. TECO Peoples Gas’ parent company TECO Energy is a diversified, energy-related holding company based in Tampa, FL.

February 19, 2004

CERI Report Supports NEB Conclusion: Canadian Supply Is in Decline

Natural gas markets across North America last week were warned for the second time this heating season against taking for granted any further growth in Canadian gas supplies, for most of this decade. The Canadian Energy Research Institute (CERI) said its latest industry survey will confirm a report by the National Energy Board (NEB) in December that gas field productivity has peaked and stands poised to drop in western Canada (see NGI, Jan. 13; Jan. 20).

March 10, 2003
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