ConocoPhillips Archives - Energy Analytics Institute (EAI)

EAI analysis: building the initial case for privatizing Venezuela’s state-owned PDVSA

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 29.Jan.2026, Words: 1,200) — State-owned Petróleos de Venezuela, S.A. (PDVSA) has long ranked among Latin America’s largest […]

EAI analysis: Exxon, ConocoPhillips and Chávez’ nationalization decree of 2005

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 16.Jan.2026, Words: 176) — For what it’s worth, Venezuela’s late president Hugo Chávez announced a nationalization decree […]

ConocoPhillips says it will lay off up to 25% of its workforce, impacting thousands of jobs

NEW YORK, NEW YORK (By AP, 3.Sep.2025, Words: 278) — Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, […]

Sempra and ConocoPhillips sign agreement for 4 MTPA of offtake from PALNG Phase 2

SAN DIEGO, CALIFORNIA (By Sempra, 21.Aug.2025, Words: 537) — Sempra subsidiary Sempra Infrastructure, and ConocoPhillips signed a definitive 20-year sale and purchase agreement (SPA) for 4 million tonnes per annum […]

Halliburton bags multi-year well stimulation services contract in the North Sea

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 13.Aug.2025, Words: 195) — ConocoPhillips Skandinavia AS awarded Halliburton a contract to deliver comprehensive well stimulation services to improve […]

Venezuela’s ‘Black Gold’: 4 original upgraders Sincor, Petrozuata, Cerro Negro and Hamaca

PANAMA CITY, PANAMA / HOUSTON, TEXAS (Editors at Energy Analytics Institute, 8.Jun.2025, Words: 1,143) — Venezuela is blessed with numerous heavy-oil reservoirs, but none compares […]

Subsea 7 awarded contract offshore Norway by ConocoPhillips Skandinavia AS

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 19.May.2025, Words: 221) — Subsea 7 announced the award of a contract — with a value between $300mn-$500mn […]

Argentina shapshot: Vista Energy’s deep, ready-to-drill, short-cycle well inventory

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 12.Apr.2025) — Vista Energy‘s growth plan is centered around developing the company’s inventory of 1,150 wells in the […]

Petronas Transfers KBBC PSC Operatorship to ConocoPhillips

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.Jan.2025) — Petronas, through Malaysia Petroleum Management (MPM), marked a milestone in the strategic development of the Kebabangan […]

Equinor Reports Highest Ever Production in 2024 at NCS Troll Field

(Editors at Energy Analytics Institute, 6.Jan.2025) — Equinor said the Troll field in the North Sea produced more natural gas than ever before in 2024, […]

ConocoPhillips Completes its Purchase of Marathon Oil

(Energy Analytics Institute, 22.Nov.2024) — ConocoPhillips completed its acquisition of Marathon Oil Corporation. “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding […]

Marathon Oil Reports 3Q:24 Results

(Marathon, 6.Nov.2024) — Marathon Oil Corporation reported third-quarter 2024 (3Q:24) net income of $287mn or $0.51 per diluted share, which includes the impact of certain […]

ConocoPhillips to close Marathon deal in 4Q:24

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Oct.2024, Words: 310) — ConocoPhillips anticipates closing the planned acquisition of Marathon Oil in the fourth-quarter 2024 (4Q:24). […]

ConocoPhillips Reports 3Q:24 Results, Updates on Marathon

(ConocoPhillips, 31.Oct.2024) — ConocoPhillips reported third-quarter 2024 earnings of $2.1bn, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8bn, or $2.32 per share. […]

Chevron Closer to Canadian Divestment Target with $6.5bn Asset Sale to CNRL

(WoodMac, 7.Oct.2024) — Addressing Chevron’s announcement to sell Canadian assets to Canadian Natural Resources (CNRL) for US$6.5bn Mark Oberstoetter, Wood Mackenzie Upstream Research Director in […]

ConocoPhillips Gets Judge to Approve Seizing of Payments to PDVSA

(Reuters, 27.Sep.2024) — ConocoPhillips on Friday got a Trinidad court to approve the seizing of payments from the Caribbean country to Venezuela’s state oil company […]

ConocoPhillips to Acquire Marathon Oil in All-stock Deal

(ConocoPhillips, 29.May.2024) — ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced today that they have entered into a definitive agreement pursuant to which […]

ConocoPhillips Reports 4Q:23 and 2023 Results [PDF Downloads]

(ConocoPhillips, 8.Feb.2024) — ConocoPhillips (NYSE: COP) reported fourth-quarter 2023 earnings of $3bn, or $2.52 per share, compared with fourth-quarter 2022 earnings of $3.2bn, or $2.61 […]

More Venezuela Creditors to Join Citgo Auction

(Reuters, 8.Jan.2023) — A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction […]

ConocoPhillips Comments on Venezuelan-Related Progress

(Energy Analytics Institute, 2.Nov.2023) — ConocoPhillips chairman and CEO Ryan Lance updated the analyst community on the company’s situation regarding Venezuela and recently started auction […]

ConocoPhillips Reports 3Q:23 Results [PDF Downloads]

(ConocoPhillips, 2.Nov.2023) — ConocoPhillips (NYSE: COP) reported third-quarter 2023 earnings of $2.8bn, or $2.32 per share, compared with third-quarter 2022 earnings of $4.5bn, or $3.55 […]

TotalEnergies Sells Remaining Upstream Canadian Assets

(TotalEnergies, 4.Oct.2023) — TotalEnergies EP Canada Ltd. finalized the sale to ConocoPhillips of its 50% interest in the Surmont oil sands asset and associated midstream […]

ConocoPhillips Add Long-Term Agreement for European Regas Capacity

(ConocoPhillips, 14.Sep.2023) — ConocoPhillips (NYSE: COP) announced further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification […]

Which Creditors Will Have Priority for Citgo Share Auction?

(Reuters, 12.Sep.2023) — A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned […]

Exxon Mobil Wants its Piece of Citgo

(USA Today, 17.Aug.2023) — The transnational Exxon Mobil, along with 19 other creditors, registered their claims against Venezuela before a court in the United States, […]

Who are Venezuela Creditors Seeking to Seize Citgo?

(Reuters, 19.Jul.2023) — The U.S. on Wednesday approved a three-month extension to a license protecting Citgo Petroleum from creditors seeking to seize the oil refiner’s assets. The document comes […]

Venezuela’s Opposition Proposes Using Exports Proceeds to Pay Creditors

(Reuters, 7.Jul.2023) — Venezuela’s opposition is crafting a proposal for the country to redirect about 200,000 barrels per day of its oil exports to a trustee to […]

QatarEnergy Awards EPC Contract for North Field South Project

(QatarEnergy, 16.May.2023) — QatarEnergy announces the award of the engineering, procurement, and construction (EPC) contract for the North Field South (NFS) project, which comprises two […]

Sempra Launches Port Arthur LNG with $13bn FID [Video + PDF Download]

(Sempra, 20.Mar.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP, reached a positive final investment decision (FID) for the development, […]

ConocoPhillips and QatarEnergy to Provide Reliable LNG Supply to Germany

(ConocoPhillips, 29.Nov.2022) — ConocoPhillips (NYSE: COP) and QatarEnergy signed two agreements to supply long-term liquefied natural gas (LNG) to Germany. The suppliers are joint venture […]

Sempra Announces Strategic Partnership with ConocoPhillips for Port Arthur LNG

(Sempra, 22.Nov.2022) — Sempra (NYSE: SRE) (BMV: SRE) announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have executed a 20-year Sale and Purchase Agreement (SPA) for […]

ConocoPhillips Gets $8.5B Venezuela Award OK’d In DC

(Law360, 19.Aug.2022) — ConocoPhillips won approval on Friday to enforce an $8.5 billion arbitral award against Venezuela despite the country ignoring the litigation for more than […]

NRGBriefs: Trinidad and Peru and Reduced LNG Exports

(Energy Analytics Institute, 13.Jul.2022) — Energy briefs including Latin American gas producers Trinidad and Tobago and Peru reporting reduced LNG exports to the tune of […]

QatarEnergy Selects ConocoPhillips for NFE Expansion Project

(QatarEnergy, 20.Jun.2022) — QatarEnergy announced that it has selected ConocoPhillips as a partner in the North Field East (NFE) expansion project, the single largest project […]

Equinor, Partners Ponder 1 GW Wind Farm Off Western Norway

(Equinor, 17.Jun.2022) — Equinor and its partners Petoro, TotalEnergies, Shell and ConocoPhillips in the Troll and Oseberg fields, have initiated a study and are looking […]

ConocoPhillips Announces Executive Leadership Changes

(ConocoPhillips, 2.May.2022) — ConocoPhillips (NYSE: COP) announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective […]

US Ditches Trump-era Policies for Alaska Oil Reserve

(Reuters, 25.Apr.2022) — The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development. […]

Wintershall to Sell Stakes in Two Argentine Blocks for $140mn

(Offshore Technology, 18.Jan.2022) — Wintershall Dea Argentina has agreed to sell a 50% operated working stake in the unconventional Aguada Federal and Bandurria Norte blocks, in Argentina, […]

Venezuela Asset Debacle Splits Guaidó Camp

(Argus, 2.Nov.2021) — Two major Venezuelan opposition parties today voted against a decree issued by US-backed shadow parliamentary leader Juan Guaidó, an unprecedented rupture that foreshadows […]

Citgo Boards In Last-ditch Talks With Washington

(Reuters, 22.Oct.2021) — The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth largest U.S. oil refiner, have held […]

ConocoPhillips Steps Up Push To Collect PdV Debt

(Argus, 23.Sep.2021) — ConocoPhillips stands out in Venezuela’s vast universe of jilted creditors and claimants as a potential future commercial partner for state-owned PdV, a […]

Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned

(Bloomberg, 21.Jun.2021) — In Venezuela, waiting in line at a gas station — sometimes for days — has become so routine that it’s hard to […]

ConocoPhillips Reports 3Q:20 Results

(ConocoPhillips, 29.Oct.2020) — ConocoPhillips reported a third-quarter 2020 loss of $0.5 billion, or ($0.42) per share, compared with third-quarter 2019 earnings of $3.1 billion, or […]

ConocoPhillips Swoops On Concho In $9.7bn Deal

(WoodMac, 19.Oct.2020) — Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 […]

ConocoPhillips To Buy Concho Resources

(ConocoPhillips, 18.Oct.2020) — ConocoPhillips and Concho Resources entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, […]

Rafael Ramirez: Venezuela Can Fix Its Own Oil Industry

(Argus, 8.Sep.2020) — Rafael Ramirez served as Venezuela’s oil minister from 2002-2013 and concurrent chief executive of state-owned PdV from 2004-2013, a tumultuous period marked […]

Quiet Destruction Of Colombia’s Shale Potential

(Oilprice.com, 23.Jul.2020) — Sharply weaker oil prices, falling investment and dwindling oil production are weighing heavily on Colombia’s economic outlook. Last decade, the strife-torn Andean […]

Politics Entangling Exile PdV Board

(Argus, 1.Jul.2020) — An “ad hoc” board of state-owned PdV that is a key part of US-backed opposition leader Juan Guaido’s parallel administration is running […]

Guaido Team Favoring COP In Citgo Fight: Update

(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for […]

Guaido Team Favoring COP In Citgo Fight

(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for […]