14 Jun 2019
Fri, Jun 14 2019
OSLO Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country's portfolio.
OSLO, June 13 Norway's wealth fund will no longer be able to invest in ConocoPhillips and Hess after a list used to decide which energy firms must be excluded was updated to include both U.S. oil companies from later this month.
BRISBANE Liquefied natural gas (LNG) producers ConocoPhillips and Woodside Petroleum expect prices for the commodity to pick up in the short term, pulling away from three-year lows that were hit after a mild northern hemisphere winter.
* Projects with unsold volumes could hurt market in mid-2020s
BRISBANE, May 28 ConocoPhillips expects current weak global liquefied natural gas (LNG) prices to improve as growing demand soaks up the excess supply in the market, the company's chief executive said on Tuesday.
HOUSTON, May 14 ConocoPhillips Chief Executive Officer Ryan Lance on Tuesday repeated a pledge to restrain spending, saying the U.S. oil producer would not be drawn into pricey mergers and acquisitions.
April 30 ConocoPhillips beat quarterly profit estimates on Tuesday, benefiting from higher output from its U.S. shale assets, in a vote of confidence in the oil producer's strategy to refocus its investments in the lucrative Permian, Eagle Ford and Bakken areas.
April 30 U.S. oil producer ConocoPhillips said on Tuesday its first-quarter adjusted profit was marginally higher, as expenses ate into gains from higher production.
* Awarded a Significant Integrated EPCI (iEPCI™) Contract for the ConocoPhillips TOR II Development
April 18 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: