Exploration firm Far Ltd. has disputed announcements by both Woodside Petroleum and ConocoPhillips that a deal between the two firms over assets in Senegal has completed. The deal has seen Woodside acquire 100% of the shares in ConocoPhillips' Senegal business…
ConocoPhillips reported a US$1 billion loss in Q3 2016, along with plans to reduce its capital expenditures. ConocoPhillips headquarters, from ConocoPhillips. Although the Q3 loss for ConocoPhillips was big…
PT Medco Energi Internasional has agreed to acquire two subsidiaries of ConocoPhillips, seeing it take over the South Natuna Sea Block B production sharing contract, offshore Indonesia, with a 40% working interest. Image from ConocoPhillips…
FAR Ltd. is exercising its pre-emption rights over the proposed sale of ConocoPhillips interests in Senegal to Woodside Petroleum, a deal that was struck in July. Map from FAR. In mid-July…
Archer has been awarded a five-year contract by ConocoPhillips for the provision of mechanical wireline services for the Norwegian Continental Shelf. The contract was awarded following a competitive tender process for ConocoPhillips’ well intervention services in Norway…
Don Wallette, Jr., currently ConocoPhillips executive vice president, commercial, business development and corporate planning, has been named executive vice president, finance, commercial and chief financial officer (CFO), after the announcement of the retirement of Jeff Sheets…
The Petroleum Safety Authority Norway (PSA) has granted ConocoPhillips consent to use the Rowan Norway mobile drilling facility for plugging and abandonment of wells at Ekofisk 2/4 B. Ekofisk is an oil field lying in 70-75m of water in the southern North Sea…
Aker Solutions' maintenance, modifications and operations (MMO) business in Norway secured two contracts for North Sea fields operated by ConocoPhillips. The company received a framework agreement for a fixed period of five years to become…
ConocoPhillips is vastly reducing its 2016 capital budget by 55% to US$7.7 billion, compared to two years ago, that the Houston-based company says is due to the current environment, which remains challenging with low and volatile prices. Ekofisk area…
Ryan Lance, ConocoPhillips chairman and CEO has been elected chairman of API’s board of directors effective 1 January, 2016. Greg Garland, Phillips 66 chairman and CEO, has been elected chair of the finance committee. Lance is a petroleum…
Houston-based ConocoPhillips has made the strategic decision to drop out of its deepwater exploration program by 2017, despite a significant program that the company is executing in 2016. Ekofisk…
Cairn Energy is due to start its 1 billion bbl-seeking drilling program on its prospective offshore Senegal blocks in coming weeks. The Ocean Rig Athena is expected to start mobilization to Senegal from its current location in Angola in the next few days…
Maersk Drilling has been awarded a contract extension for the jackup rig Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, offshore Norway. The duration of the contract extension is 16 months…
Houston-based ConocoPhillips terminated its order for the recently delivered Ensco DS-9 deepwater drillship in concurrence to its plans to reduce future capital expenditures in deepwater exploration. The Ensco DS-9…
The Petroleum Safety Authority Norway has granted ConocoPhillips consent to use the Maersk Gallant mobile drilling facility for plugging and abandoning a production well at Eldfisk 2/7 A. Eldfisk is an oil field lying due south of Ekofisk in 70-75m of water in the southern North Sea…
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