ConocoPhillips, the world’s largest independent, continued last year to drive up volumes from the Lower 48, its largest production segment, as the “Big 3” unconventional assets led the way with healthy increases.
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Houston-based W&T Offshore Inc. has become the operator and majority owner of the Magnolia field in the deepwater Gulf of Mexico (GOM) in a $20 million acquisition from ConocoPhillips.
Assets across the Lower 48 continued to drive production growth for ConocoPhillips in the third quarter, with output from the global producer’s “Big 3” unconventionals leading the way.
Adelaide-based independent gas producer Santos Ltd. is on track to become Australia’s largest energy producer following its Monday announcement that it inked a $1.39 billion deal to buy ConocoPhillips’ northern Australia assets.
ConocoPhillips Co. and Encana Marketing (USA) Inc. are challenging Plains All American’s plans to implement a surcharge on its Cactus II crude oil pipeline, a 5.0-cent/bbl fee designed to offset costs related to U.S. tariffs on steel imports.
ConocoPhillips is eyeing higher spending this year than originally forecast to expand development in the United States, with output from the “Big 3” unconventionals alone climbing 26% year/year, the Houston-based super independent said Tuesday.
A group of majors and independents, including founding members ExxonMobil Corp., Chevron Corp. and ConocoPhillips, on Tuesday announced a partnership to establish the first industry blockchain consortium in the United States.
ConocoPhillips reported increased earnings and higher production in the third quarter, especially from its top three onshore assets in the Lower 48, as it moved forward with projects in Alaska and Louisiana.
A subsidiary of ConocoPhillips reported first oil production from its prospect within the National Petroleum Reserve in Alaska (NPR-A) and said it was moving closer to a decision on whether to drill a second proposed project on the North Slope.