Browsing Tag
ConocoPhillips
56 posts
ConocoPhillips already has 10Mtpa of North American LNG supply. Why add another 20-year deal?
ConocoPhillips will purchase one million tonnes of liquefied natural gas annually from Venture Global for 20 years beginning in 2030, adding another long-term United States supply source as disruption in Qatar highlights the value of geographic diversification.
Why ConocoPhillips named Andy O’Brien CEO as profit nearly doubles
Andy O’Brien becomes ConocoPhillips President and CEO on September 1 as Ryan Lance moves into a transitional executive-chair role, handing the longtime finance and strategy executive a company generating $7.2 billion of quarterly cash from operations and targeting a $7 billion free-cash-flow inflection by 2029.
NABEP’s reserve base is enormous, but its $100bn Venezuela plan still has to find the capital
North American Blue Energy Partners is set to control 17 Venezuelan oilfields containing about 65 billion barrels while targeting more than 1 million barrels a day of production. The unprecedented structure gives the U.S. government a 35% equity stake and preferential access to output, but the real commercial test is whether NABEP can finance and execute a proposed $100 billion infrastructure programme across fields that have suffered years of underinvestment.
Evolution Petroleum closes $16m Midland Basin royalty deal after issuing stock equal to about 10% of its prior share count
Evolution Petroleum has completed a $16 million Midland Basin royalty acquisition expected to generate $3.9 million of next-12-month asset cash flow, funded partly through a 3.7 million-share equity offering.
Willow Project: ConocoPhillips’ Alaska oil development advances toward early-2029 first production
The Willow Project is a ConocoPhillips Alaska-operated oil development in the National Petroleum Reserve-Alaska on the North Slope, designed to produce up to 180,000 barrels per day at peak, with first oil targeted for early 2029.
ConocoPhillips (NYSE: COP) names Andy O’Brien CEO as Q2 profit doubles and buybacks jump to $2bn
ConocoPhillips doubled Q2 buybacks to $2B and named Andy O'Brien CEO from September 1, tracking a $7B free cash flow inflection by 2029 tied to Willow.
Origin Energy (ASX: ORG) delivers A$911m APLNG dividend but flags FY27 decline as data breach exposes 900,000 customers
Origin Energy's APLNG delivered $911m franked dividends and beat FY26 production guidance; FY27 flags natural decline as a breach hits 900,000 customers.
TPAO joins BP-led Kirkuk redevelopment as Iraq brings Turkish and US capital into giant oil project
Türkiye Petrolleri Anonim Ortaklığı will take a 15% interest in BP’s Kirkuk project company, creating a BP, ConocoPhillips and Turkish Petroleum partnership around one of Iraq’s largest redevelopment opportunities.
ConocoPhillips joins bp to advance Kirkuk oil redevelopment partnership in Iraq
ConocoPhillips plans a 42% entry into bp’s Kirkuk venture, adding long-life Iraqi resources while sharing capital, contract and geopolitical exposure.
ConocoPhillips agrees to buy 42% of BP’s Kirkuk oil redevelopment venture
ConocoPhillips is entering the redevelopment of four producing northern Iraqi oil fields through a minority interest in BP’s Kirkuk project company. The structure offers exposure to a resource base exceeding 3 billion barrels of oil equivalent without requiring ConocoPhillips to assume operatorship or make significant initial capital contributions.