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Tag Archives: ConocoPhillips

TransCanada official expresses support for gas project

JUNEAU, Alaska — TransCanada Corp. believes in the Alaska liquefied natural gas project, but it also agrees with Gov. Bill Walker’s recommendation that the state buy out the company’s interest in it, a TransCanada official said Wednesday. During an appearance before the House Finance Committee, Vincent Lee, director of major projects development for the Canadian pipeline company, called it a ...

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After a decade, oil begins flowing from National Petroleum Reserve-Alaska

Commercial oil production has begun in the National Petroleum Reserve-Alaska. ConocoPhillips Alaska made that announcement on Tuesday, saying oil has begun flowing at its CD5 drill site, part of the Alpine field on the North Slope. The production is coming from Alaska Native lands within the boundaries of the Indiana-sized reserve, created as a naval petroleum reserve after World War ...

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ConocoPhillips’ King leaves for Houston

FARMINGTON, N.M. — Terri King, vice president for ConocoPhillips’ San Juan Business Unit, is transferring to Houston to work as the company’s vice president of the Mid-Continent Business Unit. King took the job Oct. 1, replacing Bill Patterson, who retired after 31 years with ConocoPhillips, according to company spokeswoman Romelia Hinojosa. The company’s Mid-Continent business unit includes assets in the ...

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BLM approves drilling permit in Alaska petroleum reserve

JUNEAU, Alaska — The U.S. Bureau of Land Management announced Thursday that it had approved a drilling permit that would clear the way for the first oil and gas production from federal land in the National Petroleum Reserve-Alaska. The permit is for the Greater Mooses Tooth 1 project being pursued by ConocoPhillips Alaska. In a release, BLM Director Neil Kornze ...

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Alaska legislature to convene special session on gas issues

JUNEAU, Alaska — The Alaska Legislature is set to convene for its third special session this year, this time to consider a buyout of one of the state’s partners on a proposed multibillion-dollar liquefied natural gas project. Legislators had been expecting a fall special session to deal with gas-line issues, but they will not be presented with contracts as once ...

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Anchorage Assembly authorizes city bid on ConocoPhillips gas properties

The Anchorage Assembly on Tuesday authorized the administration of Mayor Ethan Berkowitz to move forward with a bid on ConocoPhillips’ gas properties in Cook Inlet. With the Assembly’s approval, City Manager Mike Abbott said the administration plans to submit bid documents before a Friday deadline to buy all or some of ConocoPhillips’ interests in the region. Those include a one-third ...

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Liquid natural gas pipeline project could see more delays

PALMER, Alaska  — There could be more costly delays for the Alaska liquid natural gas project as backers consider using different equipment. The State Legislative Joint Resources committee met in Palmer on Wednesday to discuss the $45 to $65 billion LNG Project. At the meeting, the project manager said switching from a 42 inch pipe to a 48 inch pipe ...

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Hundreds more job cuts announced in Texas

Texas can expect yet another wave of job cuts throughout the oil and gas sector as numerous firms have announced a combined 700 employee reduction in the upcoming months. Recently, ConocoPhillips announced a 10 percent reduction in its total labor force. According to a report from Fuel Fix, this equates to more than 500 positions in the Houston area, at ...

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Economist: ConocoPhillips Alaska job cuts will hurt, but it could be worse

The announcement this week by ConocoPhillips that it may cut about 120 jobs in Alaska is bad news for the economy, but a state labor department official said Wednesday the damage could have been worse. Neal Fried, an economist for the Alaska Department of Labor and Workforce Development, said Alaskans should be nervous, but not panicked about ConocoPhillips’ 10-percent job ...

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ConocoPhillips plans to cut 10 percent of its workforce

NEW YORK — Energy company ConocoPhillips, which has already cut 1,000 jobs this year, says it will eliminate around 1,810 more positions following a plunge that took oil prices to their lowest levels in years. The company said Tuesday it is eliminating 10 percent of its workforce. The biggest proportion of the job cuts will be in North America. ConocoPhillips ...

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