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Keyword: conocophillips

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  • Oil giants: Tax changes will lure investment

    03/12/2012 5:18:54 AM PDT · by thackney · 12 replies
    Petroleum News via Anchorage Daily News ^ | March 11th, 2012 | KRISTEN NELSON
    BP Exploration (Alaska) Inc. and Conoco Phillips Alaska told the Senate Resources Committee there are projects the companies could do on Alaska's North Slope to increase oil production, but those projects will have trouble attracting capital investment because of high state taxes. Damien Bilbao, head of finance, developments and resources for BP, discussed a proposed reduction in the "progressivity" of the state oil production tax from 0.35 from 0.40. He told the committee: "A change of five-hundredth of a percentage point will not sway our investment decisions in Alaska." (He was discussing an earlier version of Senate Bill 192 than...
  • Mulva touts natural gas as sustainable, abundant

    12/06/2011 8:41:33 AM PST · by thackney · 14 replies
    Fuel Fix ^ | December 6, 2011 | Jennifer A. Dlouhy
    Natural gas is the key to fueling global energy demands and fostering economic growth, outgoing ConocoPhillips CEO Jim Mulva told the World Petroleum Congress this morning. But in a speech before the 20th annual gathering in Doha, Qatar, Mulva also warned that government policies favoring renewable energy or hindering natural gas extraction could stifle production and use of the fossil fuel. “Nature has given mankind the gift of natural gas,” Mulva said, according to prepared remarks. “Our hope now is: Please don’t let government mess it up.” Mulva’s message today echoes the themes of a nationwide advertising campaign ConocoPhillips launched...
  • The Administration's Big Oil Lie

    05/13/2011 4:11:11 PM PDT · by Kaslin · 13 replies
    IBD Editorials ^ | May 13, 2011 | Staff
    Energy: As the House passes a bill to open up offshore drilling, the Senate holds another show trial of oil executives showing why people blame them, not the administration, for high gas prices. Last week they fought back. Summoned for what Sen. Orrin Hatch labeled a dog-and-pony show, executives of Exxon Mobil, Shell, ConocoPhillips, BP America and Chevron appeared before the Senate Finance Committee on Thursday and, in often-heated exchanges, indicated their days as whipping boys are over. The hearing was called ostensibly to support the Democrats' Close Big Oil Tax Loopholes Act, a bill with no chance of passage....
  • Three Major Firms Pull Out of Climate Change Alliance [ConocoPhillips, BP America and Caterpillar]

    02/16/2010 1:53:41 PM PST · by Sub-Driver · 36 replies · 1,341+ views
    Three Major Firms Pull Out of Climate Change Alliance ConocoPhillips, BP America and Caterpillar pulled out of a leading alliance of businesses and environmental groups pushing for climate change legislation on Tuesday, citing complaints that the bills under consideration are unfair to American industry. The sudden pullout of three corporate giants from a leading alliance of businesses and environmental groups could be the death knell for climate change legislation languishing on Capitol Hill. ConocoPhillips, BP America and Caterpillar's announced Tuesday they will pull out of the U.S. Climate Action Partnership, citing complaints that the bills now in Congress are unfair...
  • BP, ConocoPhillips and Caterpillar Quit Cap-and-Trade Lobby Group; PepsiCo Should Do The Same

    02/17/2010 9:32:03 AM PST · by jazusamo · 7 replies · 446+ views
    NLPC ^ | February 17, 2010 | Peter Flaherty
    Although they never should have been a part of it in the first place, three major companies have exited the U.S. Climate Action Partnership (USCAP), a coalition of corporations and environmental groups. USCAP’s mission is to “quickly enact strong national legislation to require significant reductions in greenhouse gas emissions.” The House has obliged and the result, the Waxman-Markey bill, is too strong for both the Senate and the American people. Instead of taking a principled stand against massive government intervention in the energy economy, corporate executives argued that global warming legislation was coming anyway, so it was better to...
  • Conoco, BP, Caterpillar Drop Out Of Cap-And-Trade Alliance

    02/16/2010 11:49:38 AM PST · by Slyscribe · 43 replies · 1,054+ views
    IBD's Capital Hill ^ | 2/16/2010 | Ed Carson
    Here's another sign of the shifting political winds on global warming: ConocoPhillips (COP), BP (BP) and Caterpillar (CAT) have decided not to renew their membership in the U.S. Climate Action Partnership, a broad alliance of corporations and environmentalists supporting cap-and-trade legislation. “House climate legislation and Senate proposals to date have disadvantaged the transportation sector and its consumers, left domestic refineries unfairly penalized versus international competition, and ignored the critical role that natural gas can play
  • Regulators deny Conoco permit for Alaska's North Slope bridges

    02/11/2010 4:50:34 AM PST · by thackney · 12 replies · 662+ views
    World Oil ^ | 10 Feb 2010 | World Oil
    Federal regulators have denied a request by U.S. oil major ConocoPhillips to build a system of bridges to expand oil drilling on Alaska's North Slope, saying the project would harm aquatic wildlife. The U.S. Army Corps of Engineers denied ConocoPhillips' application to build the bridges over the Colville River, in a decision Friday, saying other alternatives would meet overall project goals while better preserving marine wildlife. Houston-based Conoco plans to appeal the decision, company spokeswoman Natalie M. Lowman said Monday. She added that the company is "disappointed with their decision." Alaska Sen. Lisa Murkowski and the state's governor, Sean Parnell,...
  • Black Gold: Alaska oil profits high, despite Palin-era taxes

    02/01/2010 9:31:23 AM PST · by Al B. · 9 replies · 472+ views
    Juneau Empire ^ | Feb. 1, 2010 | Pat Forgey
    ConocoPhillips reports much higher profits in Alaska compared to rest of the country Alaska's big three oil producers and their allies are seeking tax cuts they say will make additional drilling in Alaska more profitable to the companies and could encourage more investment in the state's oil fields. The companies have said high taxes are driving away investment, but they may be doing better in Alaska than they're letting on, however. ConocoPhillips Co. data for 2009 released last week revealed that the company was highly profitable in Alaska but lost money elsewhere in the country. ConocoPhillips' Securities and Exchange Commission...
  • $832M for Alaska, Conoco reduces capital spending as promised, announces NPR-A discoveries

    02/27/2009 2:15:12 PM PST · by thackney · 2 replies · 247+ views
    Petroleum News ^ | Week of March 01, 2009 | Eric Lidji
    ConocoPhillips is budgeting $832 million for capital expenses in Alaska this year, representing 8.8 percent of the $9.5 billion budgeted for companywide capital expenses. The Houston-based major spent $1.4 billion in the state last year, representing 8.6 percent of total companywide capital spending last year. However, $506 million of the Alaska spending in 2008 went to high bids at a February lease sale for Chukchi Sea acreage. The 2009 budget for Alaska is a 41 percent reduction over total spending in the state in 2008, but only an 8.3 percent reduction not counting the Chukchi Sea high bids. The company...
  • APNewsBreak: Companies get OK to annoy polar bears

    06/14/2008 8:09:56 AM PDT · by mdittmar · 104 replies · 126+ views
    ap ^ | 6/14/08 | DINA CAPPIELLO
    Less than a month after declaring polar bears a threatened species because of global warming, the Bush administration is giving oil companies permission to annoy and potentially harm them in the pursuit of oil and natural gas.The Fish and Wildlife Service issued regulations this week providing legal protection to seven oil companies planning to search for oil and gas in the Chukchi Sea off the northwestern coast of Alaska if "small numbers" of polar bears or Pacific walruses are incidentally harmed by their activities over the next five years.Environmentalists said the new regulations give oil companies a blank check to...
  • Greens Thwart Gasoline Production

    06/13/2008 6:58:46 AM PDT · by K-oneTexas · 33 replies · 1,757+ views
    FrontPage Magazine ^ | June 13, 2008 | Steven Milloy
    Greens Thwart Gasoline Production By Steven Milloy Four-plus-dollar gasoline is forcing Americans to realize that we need increased domestic oil production to meet our ever-growing demand for affordable fuel. But even if the greens lose the political battle over drilling offshore and in places like the Arctic National Wildlife Refuge, they nevertheless are way ahead of the game as they implement a back-up plan to make sure that not a drop of that oil ever eases our gasoline crunch. The Sierra Club and the Natural Resources Defense Council, or NRDC, successfully pressured the U.S. Environmental Protection Agency to block ConocoPhillips’...
  • ConocoPhillips proposes big Alaskan natural gas pipeline

    11/30/2007 8:25:24 AM PST · by Westlander · 29 replies · 123+ views
    Associated Press ^ | 11-30-2007 | AP
    (AP) - ConocoPhillips said today it's submitted a proposal to develop an Alaskan pipeline to carry about four billion cubic feet of natural gas per day to the United States and Canada.
  • ConocoPhillips Submits Proposal to Advance the Development of the Alaska Gas Pipeline Project

    11/30/2007 5:42:46 AM PST · by thackney · 45 replies · 3,253+ views
    BUSINESS WIRE ^ | November 30, 2007 | ConocoPhillips
    ConocoPhillips (NYSE:COP) today announced that it has submitted a proposal to the governor of Alaska to advance the development of the Alaska Gas Pipeline Project. The proposed pipeline would transport approximately 4 billion cubic feet per day of natural gas from the Alaska North Slope to markets in Canada and the United States. ConocoPhillips is prepared to make significant investments, without state matching funds, to advance this project as part of this proposal. The company already has efforts underway to begin new field data acquisition to support the pipeline permit applications. “We desire to work directly and purposefully with the...
  • Hillary's Big Oil friends

    09/23/2007 9:45:45 AM PDT · by SubmarineNuke · 32 replies · 104+ views
    George Stephanopolus interviewed Hillary Clinton this morning. After the LONG interview, there was a Conoco/Philips commercial for its Tyson Renewable project. Conoco didn’t mention Tyson by name. They just called them “one of America’s largest food processors”. You remember Tyson don't you? Remember Hillary's skilled foray into options trading? Just so you know what CP and Tyson's "renewable diesel" is about, it's a mechanism for Big-Oil to grab $1.00 per gallon in federal tax credits (a subsidy, for what some people call mixing a little fat with diesel fuel) ON TOP of the huge, HUGE profits that they are already...
  • ConocoPhillips to build water center in Qatar

    07/09/2007 9:26:41 AM PDT · by BenLurkin · 1 replies · 177+ views
    bizjournals.com ^ | Monday July 9, 11:36 am ET
    Petroleum company ConocoPhillips plans to build a water sustainability center in Doha, Qatar. The center, to be located in the Qatar Science & Technology Park at Education City, will examine ways to treat and use by-product water from oil production and refining operations, as well as other projects relating to industrial and municipal water sustainability. The company said it will invest $25 million in the center over the first five to seven years. The center will conduct research on and develop and test technologies relating to water production and management, and will be designated as ConocoPhillips' worldwide center for water...
  • Exxon Mobil and ConocoPhillips Say No to Chavez as Other Oil Players Comply

    06/28/2007 12:43:29 PM PDT · by capt.P · 36 replies · 1,329+ views
    The Maritime Executive ^ | 6/28/07 | Joseph Keefe
    On Tuesday, Exxon Mobil Corporation and ConocoPhillips refused to comply with deadlines imposed by Venezuela and its leftist president, Hugo Chavez. The effect of failure of either oil major to sign onto deals that would have imposed significantly tougher business conditions was effectively muted by the apparent willingness of four other oil firms to do just that, however. As such, most analysts did not think the refusal of the two companies to sign new deals would have a major impact on the ability of Venezuela to continue to move supplies from the region. Oil Minister Rafael Ramirez had previously warned...
  • Exxon, Conoco Exit Venezuela Under Pressure

    06/27/2007 12:25:28 AM PDT · by MinorityRepublican · 25 replies · 1,004+ views
    The Wall Street Journal ^ | June 27, 2007 | RUSSELL GOLD
    Exxon Mobil Corp. and ConocoPhillips are walking away from their multibillion-dollar investments in Venezuela, further evidence that the relationship between Western oil companies and oil-rich countries is more troubled than at any point since the 1970s. The rising tension is forcing companies to choose whether to accept less control of investments and smaller returns in order to remain in countries with ample natural resources. That could have big implications for Western oil companies, which are having trouble tapping new reserves, as well as for global consumers and their growing thirst for oil. The companies feel they won't get adequate value...
  • Tyson Foods and ConocoPhillips to Produce Diesel Fuel From Animal Fat

    04/17/2007 12:42:42 AM PDT · by neverdem · 32 replies · 995+ views
    NY Times ^ | April 17, 2007 | CLIFFORD KRAUSS
    HOUSTON, April 16 — Tyson Foods and ConocoPhillips have cooked up a new recipe for your pickup truck. The two companies announced Monday that they were forming an alliance to produce and market diesel fuel made from pork, poultry and beef fat. It was another sign that farmers and agribusinesses, which are now producing corn for ethanol, will be playing an increasingly large part in the country’s energy future. The new brew should be available at the neighborhood filling station by the end of the year. The companies said that the diesel, which will be shipped and distributed through existing...
  • Alaska Gov. eyes revised gas pipeline deal by Nov

    ANCHORAGE, Alaska, June 23 (Reuters) - Alaska Gov. Frank Murkowski aims to negotiate a revised contract for a $20 billion natural gas pipeline before a general election in November, a top aide said on Friday. The Republican governor may alter about 15 points in the initial pipeline contract he negotiated with ConocoPhillips (COP.N: Quote, Profile, Research), BP (BP.L: Quote, Profile, Research) and Exxon Mobil (XOM.N: Quote, Profile, Research) earlier this year in response to public comment and criticism, said Jim Clark, Murkowski's chief of staff. "(The hope is that) we'll be able to get the various provisions renegotiated and come...
  • Sunday Morning Talk Show Thread 18 June 2006

    06/18/2006 5:26:52 AM PDT · by Alas Babylon! · 914 replies · 15,863+ views
    Various big media television networks ^ | 18 June 2006 | Various Self-Serving Politicians and Big Media Screaming Faces
    The Talk Shows Sunday, June 18th, 2006 Guests to be interviewed today on major television talk shows: FOX NEWS SUNDAY (Fox Network): White House press secretary Tony Snow; New Democrat Network President Simon Rosenberg; former Clinton chief of staff John Podesta. MEET THE PRESS (NBC): Rep. John Murtha, D-Pa.; Shell Oil Co. President John Hofmeister, ConocoPhillips Corp. Chairman James Mulva, Chevron Corp. Chairman David O'Reilly. FACE THE NATION (CBS): Snow; Sens. Joseph Biden, D-Del., and Lindsey Graham, R-S.C. THIS WEEK (ABC): L. Pre-empted for World Cup coverage.LATE EDITION (CNN) : Snow; Sens. Pat Roberts, R-Kan., and Dianne Feinstein, D-Calif.; Iraqi...
  • Weekend Show *Preview* for 6/17 - 6/18/06 (not the live thread)

    06/17/2006 8:05:38 AM PDT · by Phsstpok · 33 replies · 1,241+ views
    Network and Cable News Networks | 6/17/06 | Network and Cable News
    Weekend Talk Show *Preview* for Saturday June 17th and Sunday June 18th, 2006 (not the live thread)The main message is the Sunday Shows.  Message 1 will be the Saturday Shows and message 2 will be the show guest links post.  Then I'll post the ping list.ABC This Week (George Stephanopoulos) 'This Week' will NOT air on Sunday, June 18, due to ABC's coverage of World Cup soccer. 'This Week' returns on Sunday, June 25ABC This Week comment web page CBS Face The Nation (Bob Schieffer) Meme: Big couple of weeks for Bush in Iraq, so what's wrong with this picture?Tony...
  • Oil-Goguery: Gibson Touts Windfall-Profits Tax, Caps on Exec Compensation

    05/08/2006 5:36:03 AM PDT · by governsleastgovernsbest · 49 replies · 1,067+ views
    GMA/NewsBusters ^ | Mark Finkelstein
    by Mark Finkelstein May 8, 2006 The worst possible 'solution' to the high cost of gasoline would be price controls, since they would simultaneously drive down production and drive up demand. But running a close second and third in the bad-idea sweepstakes would be a windfall-profits tax on oil companies and a cap on the amount oil companies can pay their executives. Two out of three ain't bad, so let's give GMA's Charlie Gibson an A- in his attempt to demagogue the gas-price issue this morning. His guest was the soft-spoken James Mulva, Chairman and CEO of ConocoPhillips, the nation's...
  • Venezuela - Chavez Plans to Take More Control Of Oil Away From Foreign Firms

    04/23/2006 8:52:03 PM PDT · by HAL9000 · 20 replies · 1,052+ views
    The Wall Street Journal (Excerpt) (Subscription required) ^ | April 24, 2006 | DAVID LUHNOW and PETER MILLARD
    Excerpt - Venezuelan President Hugo Chávez is planning a new assault on Big Oil, potentially taking a major step toward nationalization of Venezuela's oil industry that could hurt oil-company profits, reduce production and put further pressure on global oil prices. Venezuela's Congress, made up entirely of Mr. Chávez's allies, is considering sharply raising taxes and royalties on foreign companies' operations in the Orinoco River basin, the country's richest oil deposit. Major oil companies like Exxon Mobil Corp. and ConocoPhillips of the U.S. and Total SA of France have invested billions of dollars there to turn the basin's characteristically tar-like oil...
  • ConocoPhillips sets $10.5 bln 2006 capital budget

    12/10/2005 8:57:28 AM PST · by BenLurkin · 1 replies · 111+ views
    Reuters) ^ | Fri Dec 9, 2005 04:56 PM ET
    NEW YORK, Dec 9 (Reuters) - ConocoPhillips (COP.N: Quote, Profile, Research) on Friday said its cash capital budget for 2006 would rise by about 45 percent to $10 billion as the oil company embarks on a multiyear program to upgrade its refining capacity. A ConocoPhillips spokeswoman said that figure did not include investments in Russian oil producer Lukoil, in which Conoco holds 14.8 percent with an option to go to 20 percent. The $10 billion amount compares to a $6.9 billion budget for 2005. Including capitalized and minority interest, the 2006 budget is $10.5 billion as against $7.4 billion for...
  • ConocoPhillips, Alaska agree to pipeline terms-(natural gas)

    10/24/2005 5:43:36 PM PDT · by Flavius · 5 replies · 379+ views
    the star ^ | Sunday October 23, 2005 | na
    ANCHORAGE, Alaska: Alaskan officials agreed to key terms of a contract with one of three oil companies negotiating to build a 2,100-mile (3370-kilometer) natural gas pipeline from Alaska through Canada and into the Midwest U.S. ConocoPhillips agreed to provide Alaska with a fair share of the revenues, access to the gas and job preferences for Alaskans on the pipeline, among other demands, said Gov. Frank Murkowski. "We're now one step closer to making an Alaska natural gas pipeline a reality,'' said Jim Bowles, president of ConocoPhillips Alaska Inc. "The journey has just started.'' Terms of the agreement with ConocoPhillips won't...
  • Not that '70s show - Doomsayers and pessimists are once again going to be wrong about the economy.

    09/08/2005 2:36:59 PM PDT · by OESY · 9 replies · 538+ views
    Townhall.com ^ | September 6, 2005 | Larry Kudlow
    The story of Hurricane Katrina is first and foremost a tale of the wrath of Mother Nature and the resulting human misery: thousands of deaths, destroyed homes and businesses, family break-ups, psychological demoralization, and other hardships too painful to recount. But Katrina is also an economic story in terms of its impact on U.S. commerce, trade, energy, shipping, and overall growth. Here the doomsayers and pessimists are once again going to be proven wrong. This is not the 1970s. After more than twenty years of deregulation the U.S. economy is flexible and resilient -- even in the face of short-run...
  • Stop endangering employees

    08/23/2005 1:50:55 AM PDT · by neverdem · 11 replies · 778+ views
    The Washington Times ^ | August 23, 2005 | John R. Lott Jr. and April L. Dabney
    The Washington Timeswww.washingtontimes.com Stop endangering employeesBy John R. Lott Jr. and April L. DabneyPublished August 23, 2005 Banning guns from the workplace seems like the obvious way to prevent workplace violence. At least that is the policy at ConocoPhillips and many other companies. The nation's largest oil refiner bans employees from storing locked guns in their cars while parked in company parking lots. The issue erupted this month when the NRA announced a boycott of Conoco and Phillips 66 gasoline stations and editorial pages across the country attacked the NRA's action as outrageous.     Two-and-a-half years ago, 12 employees at...
  • NRA guns for rights violators

    08/10/2005 11:17:11 AM PDT · by JZelle · 19 replies · 622+ views
    The Washington Times ^ | 8-10-05 | Gene Mueller
    Wayne LaPierre, executive vice president of the National Rifle Association, says he will spare no expense or effort to expose energy giant ConocoPhillips for its anti-Second Amendment stance. Look for billboard advertising soon that says as much. An NRA-sponsored national boycott campaign against ConocoPhillips also will begin. The sparks flew after LaPierre spoke at a rally in Idabel, Okla., to support employees fired by the Weyerhaeuser Co. because they kept legally owned firearms stored in their locked vehicles in a company parking lot that was publicly accessible. Since the firings, the Oklahoma Legislature has passed a bill to prevent such...
  • Guns in the Parking Lot

    08/05/2005 4:20:32 PM PDT · by neverdem · 54 replies · 1,140+ views
    NY Times ^ | August 4, 2005 | Meathead Editorial
    Fresh from its victory last week, when a timorous Senate voted to protect the gun industry from damage suits, the National Rifle Association is now urging a boycott of a major energy company, ConocoPhillips, that dares to protect its employees from gunplay in the workplace. With a sense of civics worthy of the O.K. Corral, the N.R.A. announced a national campaign, replete with billboards, to urge gun lovers to bypass Conoco and Phillips 66 gasoline stations until the company drops its ban on employees' keeping firearms in company parking lots. ConocoPhillips ran afoul of the N.R.A. when it joined in...
  • The NRA vs. the Constitution

    08/05/2005 10:53:35 AM PDT · by neverdem · 51 replies · 1,825+ views
    Reason ^ | August 5, 2005 | Jacob Sullum
    How a misguided defense of gun rights undermines a free society The most commonly heard complaint about the National Rifle Association is that it's run by extremists who are militantly opposed to all forms of gun control and do not represent the views of the average gun owner. The second most common complaint is that the NRA is a namby-pamby, inside-the-Beltway lobby that readily compromises principle for political advantage. There is some truth to both of these seemingly contradictory portraits. The NRA's single-minded determination to defend its own understanding of the right to keep and bear arms can lead it...
  • NRA Launches National Boycott Against ConocoPhillips

    08/01/2005 6:42:34 PM PDT · by Dan from Michigan · 84 replies · 2,461+ views
    NRA ^ | 8-1-05 | Wayne LaPierre
    NRA Launches National Boycott Against ConocoPhillips Monday, August 01, 2005 LaPierre says NRA will “spare no effort or expense” to defend firearm freedom of employees of anti-gun corporations -- NRA billboard campaign unveiled: “ConocoPhillips is No Friend of the Second Amendment” (IDABEL, OK) – Vowing to “spare no effort or expense,” NRA Executive Vice President Wayne LaPierre launched an aggressive billboard advertising and national boycott campaign against energy giant ConocoPhillips, in response to the corporation’s anti-gun policy and actions. “Across the country, we’re going to make ConocoPhillips the example of what happens when a corporation takes away your Second Amendment...
  • Alberta: Oil companies stop work on Mackenzie Valley pipeline

    05/01/2005 3:36:16 AM PDT · by M. Espinola · 3 replies · 726+ views
    CBC-News ^ | April 29th, 2005
    CALGARY - The oil companies behind the $7-billion Mackenzie Valley natural gas pipeline announced Thursday they had stopped most work on the project, saying there hasn't been enough progress in resolving several key issues, including access. The pipeline partners said they remain committed to the project, but said progress has been so slow on bridging some differences that they are unwilling – at least for the time being – to commit more money. Imperial Oil leads four companies in Mackenzie Valley project The oil companies said they would stop project execution work like geotechnical data gathering, the start of...
  • WSJ: Kyoto's 'Capitalists' -- Big business becomes a lobby for CO2 regulation.

    12/13/2004 5:14:48 AM PST · by OESY · 6 replies · 459+ views
    Wall Street Journal ^ | December 13, 2004 | Editorial
    ...The Kyoto idea is 10 years old now, and no better for its age. The U.S. wisely chose to forgo the pact, as the long- term costs add up to hundreds of billions a year across the world economy, not to mention untold lost economic opportunities. The energy industry has heretofore backed this U.S. decision, noting that even Kyoto's defenders have admitted the pact wouldn't slow climate change.... What's changed the industry's tune at the broadest level may be the Bush Administration's Clear Skies program, a smart pollution-reduction proposal that may pass Congress next year. That program, about to be...
  • Conoco raises its stake in Alaska

    12/11/2004 9:49:33 AM PST · by thackney · 3 replies · 404+ views
    Anchorage Daily News ^ | December 11, 2004 | Wesley Loy
    Conoco Phillips Co. plans to spend about $700 million in Alaska next year on exploration and production activity, executives with the Houston-based energy firm said Friday. The planned spending is part of a $6.9 billion global capital budget that commits $1.4 billion for exploration and production in the North Sea and West Africa; $900 million for the Asia Pacific region; $900 million for the Lower 48 and Latin America; $700 million for Canada; and $400 million for Russia and the Caspian Sea region. The Alaska money will go toward drilling four North Slope exploratory wells this winter, plus work to...
  • ConocoPhillips Buys $2 Billion Stake in Lukoil

    09/29/2004 2:08:57 PM PDT · by jbstrick · 1 replies · 291+ views
    NYT ^ | September 29, 2004 | ERIN E. ARVEDLUND
    ConocoPhillips Buys $2 Billion Stake in Lukoil By ERIN E. ARVEDLUND Published: September 29, 2004 MOSCOW, Sept. 28 — ConocoPhillips, the American energy conern, paid nearly $2 billion at auction today for the Russian government's stake in the oil giant Lukoil, a purchase the two companies said sets the stage for potentially huge oil drilling projects in both northern Russia and Iraq. ConocoPhillips, the third-largest oil company in the United States, was widely expected to win the auction. Two other bidders showed up at the perfunctory 90-second auction, but it was unclear whom they represented. Nearly all industry analysts agreed...
  • Libya Accepts Responsibility for Lockerbie Bombing

    04/30/2003 5:48:46 AM PDT · by The_Victor · 10 replies · 261+ views
    TRIPOLI, Libya (Reuters) - The Libyan government has accepted responsibility for the 1988 Lockerbie bombing (news - web sites) and set up a fund to compensate victims' families, Foreign Minister Mohammed Abderrahmane Chalgam said on Wednesday. The United States has demanded that Tripoli accept the responsibility for the bombing and pay compensation before U.N. and U.S. sanctions can be scrapped, a moment eagerly awaited by at least four U.S. oil companies. A British official said after the announcement Washington and London were discussing the outstanding requirements. "We have taken on the responsibility for this case on the basis of...
  • Homosexuals Angry at ConocoPhillips

    02/12/2003 12:20:21 AM PST · by ppaul · 57 replies · 1,192+ views
    FamilyNews ^ | 2/11/03 | Terry Phillips
    Homosexuals Angry at ConocoPhillipsA major oil company has removed "sexual orientation" from its nondiscrimination policy. Homosexual activists are up in arms because another major oil company, ConocoPhillips, has pulled back from a policy that homosexuals covet. Conoco included the words "sexual orientation" until it merged with Phillips Petroleum last year. The new company erased the language, according to Kelly Shackelford, head of the Plano, Texas-based Freedom Foundation. Conoco-Phillips is based in Houston."Just as a lot of conservatives and pro-family people complain when people go the wrong direction, ConocoPhillips needs to be congratulated and, in fact, more business done with...