Rigzone Industry News

The first phase of development involves production of up to 100,000 bpd.

'Acquisitions such as this one represent an important part of our company's strategy and we continue to seek out and evaluate similar transactions'.

'Upon closing, ConocoPhillips will become the largest Eagle Ford producer, a top three Bakken operator, and remain a top five Delaware Basin player based on gross operated production,' Woodmac said.

'Oil and gas will be part of the mix for many years,' Labour leader Keir Starmer said.

'Our strategy is to quickly realize the value of our exploration success while making the most of our existing infrastructure'.

'The industry continues to admire operators who can not only open new frontiers, but also find large volumes of advantaged resources,' Wood Mackenzie said.

Woodside CEO Meg O'Neill said the loan reflected the ongoing confidence from Japanese investors in Woodside's Australian liquefied natural gas (LNG) projects.

The board unanimously rejected the proposal on May 23,.

Rigzone speaks to the CATO Institute, the American Enterprise Institute, Rice University's Baker Institute for Public Policy, and the Heritage Foundation.

The latest plan involves banning the use of European Union ports for re-exporting liquefied natural gas.