Tag: ConocoPhillips

ConocoPhillips spinoff to close in 2Q 2012

ConocoPhillips (COP) expects to complete the spinoff of its refining arm in the second quarter of 2012. Under the deal, stockholders will receive one share in the new refining company for every two ConocoPhillips shares they presently own.

China buys into Syncrude

Sinopec has more than doubled China's presence in Alberta's oilsands by paying USD 4.65 billion for ConocoPhillips' 9% stake in Syncrude Canada Ltd. Houston-based Conoco confirmed the sale after details leaked out of Hong Kong early on 12 April, sending the share prices of Canadian oilsands producers higher.

UAE: pipeline construction

Abu Dhabi National Oil Co. and ConocoPhillips are developing a USD 10 billion sour gas scheme.

Caspian Sea exploration and production

KazMunaiGas has signed a memorandum of understanding with ConocoPhillips and Mubadala Development Co. for joint exploration and production of the N Block in the Caspian Sea.

North America: Denali gas line

BP PLC and ConocoPhillips will join resources to build a 4bcfd natural gas pipeline extending from Alaska's North Slope to markets in Canada and the US.

Angola: LNG train

The Bechtel Group Inc.'s oil, gas and chemicals global unit has received permission from Angola LNG Ltd to proceed with the construction of a 5.2 million-metric-tonne- per-year LNG train, along with storage and loading facilities for the natural gas, liquefied petroleum gas and condensate.

UK: Smar to supply Ekofisk

Smar will supply more than 400 pressure and temperature transmitters to a platform in the North Sea operated by ConocoPhillips.

AMEC and Clough win Indonesia contract

AMEC has teamed up with Clough (Australia) to win a multi-million dollar contract from ConocoPhillips to provide operations and maintenance services for the Bayu-Undan development, SE Asia.

GTL project in Qatar

Qatar Petroleum and ConocoPhillips have signed a Statement of Intent regarding the construction of a gas-to-liquids (GTL) plant in Ras Laffan, Qatar.

LNG project in Nigeria

Nigerian National Petroleum Corp. (NNPC), ChevronTexaco Corp., ConocoPhillips subsidiary Phillips Oil Co. (Nigeria) Ltd, and Italy's ENI SPA have formed a joint venture, Brass LNG Ltd. JV, to construct a new LNG liquefaction plant in Nigeria's central Niger Delta.