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Tag Archives: ConocoPhillips

Despite falling oil and gas prices, Alaska LNG project on track

LNG infrastructure

Collapsing oil prices have delayed at least two North American liquefied natural gas export projects, but they haven’t stopped Alaska’s massive LNG venture in part because of its size, projected timelines and a partnership involving some of the world’s largest companies, officials said. “Our mission hasn’t changed, and to my knowledge none of the investing companies are looking to change ...

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Global oil and gas exploration spending to slide 17 pct

HOUSTON, Jan 7 – The world’s oil and gas exploration companies are expected to cut capital expenditures 17 percent this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company released on Wednesday. The survey, based on an average oil price of $70 per barrel, estimates that global ...

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Update: Aurora fracking controversy

Aurora, Colorado city council members approved 8-2 on Monday night new regulations relating to the city’s strict rules on fracking within city limits, according to the Denver Post. Earlier this month, Aurora city council voted unanimously to allow oil and gas companies to build up 31.5-foot vapor towers and to defer to Colorado Oil and Gas Conservation Commission for regulations ...

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Oil train disaster settlement growing

PORTLAND, Maine — A proposed settlement fund for victims of a fiery train derailment that claimed 47 lives in Canada is nearly halfway to a goal of $500 million in funding commitments ahead of its filing next month, the defunct railroad’s bankruptcy trustee said. More than a dozen corporations that face potential liability in the Lac Megantic, Quebec, oil train ...

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On shale’s U.S. frontier, producers face fierce squeeze: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Dec 10 – If the U.S. shale boom is to slow in response to the fall in oil prices, the impact will be felt hardest in just five states. Texas, North Dakota, Oklahoma, New Mexico and Colorado together account for almost 98 percent of the total ...

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Goodrich, Oasis Petroleum cut spending for 2015 as oil slides

Goodrich Petroleum

Dec 10 (Reuters) – Goodrich Petroleum Corp and Oasis Petroleum Inc said they expect to spend much less on exploration and production next year, joining a list of U.S. oil and gas companies cutting capital spending as oil prices plunge. Goodrich shares fell as much as 14.7 percent to $3.57 in early trading. Oasis’ shares fell as much as 13.3 ...

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Oil co. shares fall on oversupply, weak demand

Energy industry shares are falling as oversupply and weak demand drag down the price of oil. Oil prices have been falling for some time, but new industry reports suggest the situation could worsen. OPEC slashed its estimate of how much crude oil it will need to produce next year. And the U.S. Energy Department recently lowered its forecast for gasoline ...

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Aurora residents frustrated, but not for reasons you may think

It’s official. Changes in Aurora are coming. After a city council meeting on Monday, members voted unanimously to allow oil and gas companies to build 31.5-foot vapor towers and to defer to Colorado Oil and Gas Conservation Commission for regulations concerning setbacks, noise and spill containment. Under the revised regulations, oil and gas companies will no longer be required to ...

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