ConocoPhillips

Greg Leveille said he is optimistic that the shale sector will be able to bounce back from its second downturn in 5 years. The trick this time, he says, will be not just investing in new digital technologies but putting them to work.

Financial Fallout: For two big companies, tougher times call for tougher actions.

The company announced both contract awards simultaneously. The new contract awards could be worth up to $800 million.

Most of ConocoPhillips’ oil and gas production by the end of the next decade will come from its unconventional operations. But, for the near-term, the Houston independent will rely on conventional assets as it seeks to keep spending in check, decline rates low, and cash flow on the rise.

The plan targets some $50 billion in free cash flow over the period while growing production more than 3%/year.

The FPSO, MODEC's largest size of "gas FPSO" to date, will be the first application of the contractor’s M350 Hull, a next-generation newbuilt hull for FPSOs.

The deal for ConocoPhillips’s northern Australian portfolio will help the Australian company boost its position in the country’s gas market, as it gains majority ownership in a set of key assets including Darwin LNG and the Barossa project.

ConocoPhillips has pulled out of the much-hyped Louisiana Austin Chalk play after the company’s test wells yielded a gusher of water. Meanwhile, an Australian operator flying under the radar continues to pursue the adjacent-but-even-more-challenging Tuscaloosa Marine Shale.

Drones are becoming an important tool for energy companies looking to improve on-site safety and operational efficiencies, and the industry is looking for the best way to maximize their value. What are some the challenges in getting these programs off the ground?

Oilfield flares are a bright indicator of rapidly rising oil production that exceeds pipeline capacity. And it raises the question: Why are oil companies in such a hurry?