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ConocoPhillips to Reverse Most Oil Curtailments by End of Third Quarter

2020-07-31 11:00:00| OGI

CEO Ryan Lance was confident that with about $13 billion in liquidity, ConocoPhillips is well-positioned to benefit from an inevitable recovery in crude oil prices.

Tags: end third oil quarter

 

Trump Allows Keystone Pipeline to Boost Canadian Oil Capacity after Expansion Stalls

2020-07-30 19:35:00| OGI

U.S. President Donald Trump issued a new presidential permit for the base Keystone XL pipeline, allowing TC Energy to boost oil capacity by 170,000 bbl/d to 761,000 bbl/d.

Tags: oil capacity canadian expansion

 
 

ConocoPhillips Sinks to $1 Billion Loss on Weak Oil Price

2020-07-30 18:20:00| OGI

Shares in ConocoPhillips, the largest independent producer in the U.S. by market cap, fell sharply despite news it is gradually restoring oil production.

Tags: price loss oil billion

 

PATH FORWARD: Grant Thorntons Bryan Benoit Talks Oil Industry Recovery

2020-07-30 11:30:00| OGI

After a rough second quarter that included a historic collapse in oil prices, Bryan Benoit, a principal at Grant Thornton Financial Advisors who also leads the firms energy advisory practice, says hes starting to see green shoots ahead for the industry.

Tags: industry forward path oil

 

Apache Makes Major Oil Discovery Offshore Suriname

2020-07-30 00:11:38| OGI

Company CEO called the well the best one drilled to date in the basin.

Tags: major makes oil discovery

 

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