Conocophillips

The Biden administration has given the go-ahead to ConocoPhillips’ massive Willow project planned for Alaska’s North Slope. The Bureau of Land Management (BLM) issued its Record of Decision (ROD) on Monday. The ROD said the approval included three drill sites (BT1, BT2 and BT3) and associated infrastructure. The approval includes up to 199 total wells,…

ConocoPhillips on Tuesday signed two contracts to buy LNG from QatarEnergy and deliver it to Germany beginning in 2026, marking the first ever long-term supply agreement to move the super-chilled fuel to Europe’s largest gas-consuming nation. Under the agreements, Conoco would purchase 2 million tons (Mt) of liquefied natural gas annually for a term of…

Sempra Infrastructure has formalized an agreement with ConocoPhillips, giving the independent 5 million metric tons/year (mmty) of offtake and a 30% stake in its planned Texas export project east of Houston. The subsidiary of San Diego-based Sempra disclosed Tuesday that it executed a 20-year sales and purchase agreement (SPA) with ConocoPhillips for supply from Port…

Management for Houston-based ConocoPhillips during a quarterly earnings call highlighted the independent’s progress as it expanded its LNG activities while achieving record production. CEO Ryan Lance told investors “the world is going to need investments in medium- and long-term production in addition to U.S. shale plays.” ConocoPhillips’ portfolio is “well positioned to meet these long-term…

Domestic crude production climbed notably last week, putting output near the 2022 peak, as U.S. demand accelerated and global market conditions tightened. The Energy Information Administration (EIA) said Wednesday that output for the week ended Nov. 4 climbed by 200,000 b/d from the previous week to 12.1 million b/d. That brought production close to the…

Management for Houston-based ConocoPhillips during a quarterly earnings call highlighted the independent’s progress as it expanded its LNG activities while achieving record production. CEO Ryan Lance told investors “the world is going to need investments in medium- and long-term production in addition to U.S. shale plays.” ConocoPhillips’ portfolio is “well positioned to meet these long-term…

ConocoPhillips has been selected as a partner in QatarEnergy’s North Field South (NFS) LNG expansion project with a 6.25% stake awarded to one of the world’s largest independents. ConocoPhillips is the third company to sign on to the two-train, 16 million metric ton/year (mmty) capacity liquefied natural gas project planned from Qatar’s prolific North Field.…

North Dakota’s natural gas production averaged 3.09 Bcf/d in August versus 3.1 Bcf/d in July, according to the latest figures from the state’s Department of Mineral Resources (DMR).  The slight dip was mainly because of a processing plant outage, DMR’s Lynn Helms, Oil and Gas Division director, told reporters.  The natural gas capture rate held…

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…