By ZeroHedge The global oil and gas industry is facing a severe downturn with widespread job losses and investment cuts. Falling crude prices, exacerbated by OPEC+ output increases, are making it difficult for western majors to […]
Under the sales and purchase agreement, ConocoPhillips will purchase 1 million tonnes per annum (mtpa) of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, according to […]
Under the new SPA, ConocoPhillips will buy 4 million tonnes per annum of LNG on a free-on-board basis for 20 years, according to separate statements by the partners. This deal adds to an SPA that […]
The U.S. oil industry has been a powerhouse of global energy production for over a decade, largely fueled by the shale revolution and the explosive growth in the Permian Basin. However, a recent analysis from […]
ENB Pub Note: The article below the line is an update from LNGPrime.com, and I added the LNG import information for China’s total market as a story context base. There was little LNG information about […]
About 2 million tonnes of LNG or 31 cargoes left the three Gladstone terminals on Curtis Island last month, GPC’s data shows. This compares to about 1.98 million tonnes of LNG or 30 cargoes in April 2024. April […]
“At approximately 2 a.m. on Tuesday, April 29, an incident occurred at the Port Arthur LNG construction site involving employees of engineering, procurement, and construction contractor, Bechtel,” a spokeswoman for Sempra Infrastructure, a unit of […]
ConocoPhillips COP recently completed the acquisition of Marathon Oil Corporation, which was initially announced in May, 2024. The acquisition will enhance its deep, durable and diverse portfolio aligned with its strict financial framework. It will bolster […]
ConocoPhillips has bumped up its current share redemption package to up to $20 billion and raised its ordinary dividend by 34 percent to $0.78 per share. In the first nine months the exploration and production […]
Reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78. Generated cash provided by operating activities of $5.8 billion and cash from operations (CFO) of $4.7 billion. Raised ordinary dividend […]
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