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Seeking Alpha 04/19/2019 10:13
The deal did not do much to move the needle on ConocoPhillips' share price yesterday, but the transaction is nonetheless streamlining the company's operations and shows shareholders that management is serious about non-core asset sales.
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Offshore Energy Today 04/19/2019 03:26
WoodMac sees huge growth potential in UK following Chrysaor-ConocoPhillips deal.
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Chrysaor E&P Ltd. has agreed to purchase the United Kingdom oil and gas business of ConocoPhillips for $2.675, increasing Chrysaor’s pro forma 2018 production to 177,000 boe/d to become one of the largest oil and gas producers in the UK North Sea.
More from PennEnergy - Oil & Gas Journal: 04/17/2019 17:45
ConocoPhillips ( COP - Free Report) closed at $65.78 in the latest trading session, marking a -0.09% move from the prior day.
More from 04/17/2019 13:00
The President of Venezuela’s National Assembly and opposition leader Juan Guaido will try to win an annulment for an US$8.7-billion compensation awarded to U.S. supermajor ConocoPhillips by an arbitration court for the forced nationalization of the company’s Venezuelan business by the Hugo Chavez government.
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ConocoPhillips recognizes the importance of the Greater Sunrise Fields to the nation of Timor-Leste, and this sale gives them a significant working interest in this important development.
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