ConocoPhillips
Latest ConocoPhillips News
Crazy little crude called Brent -- the physical trading marketNorth Sea Brent crude plays a critical role in setting world oil prices. Here in the US, most folks pay more attention to West Texas Intermediate (WTI) - the North American equivalent benchmark. We regard Brent as just a figurehead for the international market and rarely look beyond the Brent/WTI spread. Yet Brent crude assessments based on physical trades or the ICE Brent futures market are used directly or indirectly to price 70% of world oil. Today we begin a “deep dive” series explaining how the Brent crude market operates.
|
Upstream News |
Limbacher to resign as CEO of Rosetta ResourcesRosetta Resources Inc. (Nasdaq:ROSE) has made several changes to its executive leadership including the resignation of its chairman, CEO and president, Randy L. Limbacher. |
ConocoPhillips, PetroChina team up for unconventional natural gas explorationHouston-based oil and gas giant ConocoPhillips (NYSE: COP) has teamed up with China’s largest oil and gas producer, PetroChina Company Ltd. (PetroChina) on agreements targeting the unconventional resource space in Western Australia and in China’s Sichuan Basin. |
Activity sees an early-year pause after a frenzied year-end rushPLS Inc. notes that late-year 2012 global upstream M&A activity reached a frenzied pace as buyers and sellers rushed to complete deals, announcing $38 billion in deals in 86 transactions during December 2012. |
NuStar completes acquisition of Eagle Ford Shale area midstream assetsSan Antonio, TX-based NuStar Energy LP has closed on the purchase of crude oil pipeline, gathering and storage assets in the Eagle Ford Shale region from TexStar Midstream Services LP for approximately $325 million. |
Study: Total Eagle Ford CAPEX to reach $28 billion in 2013The Eagle Ford Shale continues to hold enormous value, especially for companies that own premium acreage and are well-positioned in the play according to a recent analysis by Wood Mackenzie. The biggest three players – EOG Resources, BHP Billiton and ConocoPhillips – have a combined remaining value of US$30 billion. |
Fortescue invests in WA unconventional gas spaceFortescue, the world’s fourth largest iron ore producer, has entered the Western Australia unconventional gas space with an investment in Oil Basins Ltd., reported the Australian Associated Press (AAP). |
