ConocoPhillips | Egypt Oil & Gas - Part 2

Equinor Starts Production from Troll Pahse3 Project

Equinor company announced that it has started production from the Troll phase 3 project in the North Sea with investments of about NOK 8 billion, a press release issued by the company declared. The company added that ...

ConocoPhillips Announces New Gas Discovery in Norway

US supermajor, ConocoPhillips, has announced a new significant gas condensate discovery in Norway, according to a press release. After an initial survey, the gas discovery well is predicted to hold between 50 and 190 ...

ConocoPhillips to buy Concho Resources in Landmark $9.7 B Deal

ConocoPhillips and Concho Resources have announced that they have entered into a definitive agreement to combine companies in an all-stock transaction for a total of $9.7 billion in an attempt to further consolidate t...

ConocoPhillips in Negotiations to Make Bold Shale Move

US supermajor ConocoPhillips is in talks to acquire rival shale company, Concho Resources, in what represents a bold bet during a time when the industry is in a historically low period, according to Bloomberg.  The co...

ConocoPhillips Announces Increase in Quarterly Dividend

American supermajor ConocoPhillips has ratified a decision to increase its quarterly dividend payments from 42 cents per share to 43 cents per share, according to a press release.  The dividend is payable on December ...

ConocoPhillips Withdraws Request to Extend Flaring Permits

US supermajor ConocoPhillips has withdrawn its request to extend 41 flaring permits at its sites in West Texas following operational improvements, according to Reuters.  ConocoPhillips is continually taking steps to r...

ConocoPhillips Completes Montney Acreage Acquisition

US supermajor ConocoPhillips has announced its completion of the Montney acreage acquisition in Canada from Kelt Exploration for a total of $390 million, according to a press release. The company also assumed approxim...

Morocco Enters Into Exploration Contract with Conocophillips

Morocco has signed a two-year reconnaissance contract with Conocophillips for onshore exploration in Mesorif, Northern Morocco, according to Morocco World News. The agreement permits Conocophillips to conduct hydrocar...

Senegal Consortium Expanding Drilling Prospects for SNE Block

FAR and its Senegal joint-venture partners Cairn Energy, ConocoPhillips and Petrosen are planning to transform the SNE (SEN, 32/11) Field off Senegal into a development hub, reported E&P magazine. The consortium’s...

ConocoPhillips Announces 10% Workforce Layoffs

Oil major ConocoPhillips announced that it would be cutting around 1,800 jobs, reported The Columbian. The Houston based company has struggled to maintain profitability in an era of persistently low oil prices. Conoco...

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