Conocophillips

Murkowski Meets in Houston with North Slope Producers

Alaska Gov. Frank Murkowski met face to face Wednesday in Houston with the CEOs of the three big North Slope producers — BP, ExxonMobil and ConocoPhillips — to negotiate terms of a North Slope natural gas pipeline contract, which he wants in place by this fall.

August 29, 2005

Mitsubishi, ConocoPhillips Finalize Joint Long Beach, CA LNG Venture

Mitsubishi Corp. and ConocoPhillips announced Tuesday they have finalized their agreement to jointly develop a $400 million LNG receiving terminal with 700 MMcf/d of sendout capacity and a peak capacity of up to 1 Bcf/d proposed for the Port of Long Beach, CA. The companies had signaled their intent to form a joint venture last July (see Daily GPI, July 14, 2004).

May 18, 2005

PPM Buys Grama Ridge Storage from ConocoPhillips, Plans 2 Storage Expansions

ScottishPower subsidiary PPM Energy announced the purchase of the 4.5 Bcf Grama Ridge gas storage field in southeastern New Mexico from ConocoPhillips last week and launched plans for a storage expansion at Grama Ridge and at PPM’s proposed Waha storage field, which is currently on file at the Texas Railroad Commission.

May 16, 2005

PPM Buys Grama Ridge Storage from ConocoPhillips, Plans 2 Storage Expansions

ScottishPower subsidiary PPM Energy announced the purchase of the 4.5 Bcf Grama Ridge gas storage field in southeastern New Mexico from ConocoPhillips on Thursday and launched plans for a storage expansion at Grama Ridge and at PPM’s proposed Waha storage field, which is currently on file at the Texas Railroad Commission.

May 13, 2005

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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