ConocoPhillips

Recent decisions by US market regulators reflect growing pressure on the largest US oil producers to back up emissions targets with more detailed strategies through disclosures.

ConocoPhillips, Pioneer view Exxon, Chevron as prime movers to bring investment back into the play.

The Houston-based oil and gas company has expanded its footprint in the liquids-rich Permian by more than 550,000 acres.

The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.

ConocoPhillips promised more than just growth and costs savings when it announced a deal to acquire Concho.

When a plug gets stuck in a well, consider the cause. Often stuck fracturing tools are a warning sign of casing trouble. Companies that have investigated plug problems have been surprised by the findings.

Oil sands producers predicted they could reduce production by 300,000 B/D by turning down steam injection. This will test methods to reduce, rather than stop, injection to avoid the damage caused by rapid cooling in some wells.

Shell and Chevron lead the pack in a slew of Q2 losses with $18.1 billion and $8.3 billion, respectively. ExxonMobil, ConocoPhillips, Royal Dutch Shell, Petrobras, and Repsol also posted losses. The tally of these global majors’ losses in a single quarter tops $30 billion.

The all-cash deal bucks a recent trend of international oil companies divesting of Canadian assets and adds 15,000 B/D of production to the buyer’s total.

ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company.