ConocoPhillips Company

Spectra Energy and Spectra Energy Partners today announced that, through their affiliate, Spectra Energy Transmission II, LLC (SET), they have entered into a purchase and sale agreement to acquire from ConocoPhillips Company (NYSE: COP) 100 percent of the equity interests in Brazoria Interconnector Gas Pipeline, LLC (BIG), which owns the BIG Pipeline. The BIG Pipeline is a 42-inch natural ...

ConocoPhillips today announced that Mr. John Faraci, former chairman and chief executive officer of International Paper Company, and Mr. Arjun Murti, former partner at Goldman Sachs, have been elected to its board of directors. “We are pleased to add two new directors who bring exceptional experience and expertise to our board,” said Ryan Lance, chairman and chief executive officer of ConocoPhillips. “They bring unique [...]

ConocoPhillips Chairman and CEO Ryan Lance today told policymakers attending a briefing at the Center for Strategic and International Studies (CSIS) that the nation’s approaching surplus production of crude oil offers an opportunity for expanded global trade through exports. The United States could sustain the job creation and economic stimulation powered by the U.S. energy renaissance, while putting downward pressure on [...]

A sweet spot in Saskatchewan's prolific Williston Basin - the best wildcat location in North America - could shape up to be the next big oil discovery in this final frontier, but the real news in this uncertain oil market is that it's cheap to drill so the risk-to-reward ratio is uniquely favorable. This patch of massive potential is Little Swan - a multi-stacked 253,000-acre oil and gas prospect in an area of massively [...]

ConocoPhillips will host a conference call webcast on Thursday, Jan. 29 at 12:00 p.m. EST to discuss fourth-quarter 2014 and full-year 2014 financial and operating results. The company’s earnings will be released before the market opens on Jan. 29. ConocoPhillips Headquarters, Houston, Texas. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on ...

ConocoPhillips today announced first oil production from the Eldfisk II project in the Norwegian North Sea. “Eldfisk II joins Ekofisk South as the second major project startup in Norway since late 2013,” said Matt Fox, executive vice president, Exploration and Production. “These projects will increase ultimate resource recovery and extend the field life of this premier legacy asset for years to come.” Eldfisk II, along [...]

ConocoPhillips today announced a 2015 capital budget of $13.5 billion, a decrease of approximately 20 percent compared to 2014. The reduction in capital relative to 2014 primarily reflects lower spending on major projects, several of which are nearing completion, as well as the deferral of spending on North American unconventional plays. Ryan Lance, ConocoPhillips Chairman and Chief Executive Officer (Photo: Business [...]

ConocoPhillips Chairman and CEO Ryan Lance says exports of the nation’s impending surplus of light (unconventional) oil could benefit the United States by encouraging further job creation and economic development, while reducing gasoline prices and improving global energy security. Ryan Lance, ConocoPhillips Chairman and Chief Executive Officer (Photo: Business Wire) Enabling such exports requires lifting the [...]

ConocoPhillips (NYSE:COP) today announced the start of gas production from the Kebabangan (KBB) gas field, located approximately 60 miles offshore Malaysia. Production will ramp-up as pipeline capacity becomes available. The Kebabangan Platform. (Photo: Business Wire) “This is the third major project startup planned in Malaysia this year, with Siakap North-Petai brought on stream in the first quarter and the [...]

ConocoPhillips (NYSE: COP) today confirmed that oil was discovered in the SNE-1 well, the second of ConocoPhillips’ two-well program, located approximately 60 miles offshore Senegal in the Sangomar Deep block. After further evaluation of this zone, the SNE-1 well will continue drilling to a planned total depth of approximately 10,000 feet. ConocoPhillips, headquartered in Houston, Texas. (Photo: Business Wire) “The [...]