BP and ConocoPhillips swap North Sea and Alaska assets

The deal is subject to regulatory approvals and is expected to be completed later this year

More than 400 ConocoPhillips jobs to be lost by 2020

The energy giant currently has a total of 1,300 onshore and offshore staff and contractors in the country

Norway offers new oil licences in North Sea

Norway is offering a spate of new licences to hunt for oil in its coastal waters. Shell, Centrica, ConocoPhillips and DONG are among the 48 companies contacted by the Ministry of Petroleum and Energy about 65 new production licences in the North Sea, Norwegian Sea and Barents Sea. Tord Lien, Minister of Petroleum and Energy […]

BP reveals ‘significant’ Gulf of Mexico oil discovery

Energy giant BP today announced it has made a “significant” deepwater oil discovery in the US Gulf of Mexico. It was made at the Gila prospect, which it co-owns with ConocoPhillips and is BP’s third discovery in recent years. BP previously announced two other Paleogene discoveries in the Gulf of Mexico – Kaskida in 2006 […]

UK Jasmine field produces first gas

First gas has been produced from the Jasmine field (pictured) in the UK’s North Sea. The field, claimed to be one of the largest discoveries in the UK in the last 10 years, was found in 2006 by its operator ConocoPhillips, a US explorer, which holds a 36.5% stake together with Italian firm Eni (33%) […]

Statoil’s major gas field plans in Norwegian Sea

Statoil and its partners have submitted plans for the installation and operation of a major gas field project in the Norwegian Sea for Government approval. The Aasta Hansteen field, which includes a deep-water development, is estimated to contain around 47 billion standard cubic meters of gas and produce 130,000 barrels equivalent per day. It is […]

Helicopter ditches in North Sea

A helicopter carrying workers to an oil rig ditched into the sea 29 miles off the coast of Aberdeen earlier today. All of the 14 people on board, which included two pilots, have been confirmed as safely on land. The Bond helicopter carried out a “controlled landing on water”, said ConocoPhillips, while on its way […]

US activists question Philadelphia’s Governor on refineries shutdown

A group of 600 US activists marched to Philadelphia Governor Tom Corbett’s office yesterday to question him about the shutdown of three oil refineries. This follows the Governor’s lack of action to get answers from fuel providers, Sunoco and ConocoPhillips, who announced the shutdown of the refineries all based in or near Philadelphia. Reports say […]

Centrica splashes £142m on North Sea field

British Gas parent company Centrica is buying ConocoPhillips’ stake in a North Sea oil and gas field for £132million ($233m). The buyout takes Centrica’s stake in the Statfjord field to roughly a third (34%).Mark Hanafin, managing director of Centrica Energy said: “The acquisition, which follows our announcement last year of a new 10 year gas […]

Oil giant helps produce new renewable fuel

A US biomass company has teamed up with an oil giant to produce a new kind of renewable fuel. Enviva which produces biomass fuel in both the States and Europe has joined forces with ConocoPhillips to produce a new kind of fuel pellet which burns with the same properties as coal. The pellets are made […]