US-based ConocoPhillips, the world’s largest independent E&P company based on production and proved reserves, has agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy for C$17.7 billion ($13.3 billion).
ConocoPhillips became the first US major to buy Libyan oil following the end of international sanctions in a move to help the country restore normal oil trade after seven months of civil war.
Trading sources told Reuters that tanker Hellas
State oil giant Saudi Aramco denied it was involved in a deal to buy a crude oil refinery in Germany owned by US oil firm ConocoPhillips.
'There is no factual basis to the claim of Saudi Aramco involvement,' the company was quoted
A group of investors including a Saudi Arabian trust is interested in purchasing the Wilhelmshaven oil refinery in Germany put up for sale by US group ConocoPhillips, a German radio station reported on Wednesday.
ConocoPhillips said in Jul
Abu Dhabi National Oil Company (Adnoc) is holding talks with one or more partners to develop the $10 billion Shah gas project after US major ConocoPhillips withdrew, the head of an Adnoc unit said on Monday.
'We are in talks to have a
Two withdrawals from big ticket Middle East energy projects in a month would likely make it tough for US oil firm ConocoPhillips to land future work in two of the world's top oil exporting countries Saudi Arabia and the UAE, said an expert.
Oil giant ConocoPhillips said it pulled out of a project to build a new refinery with Saudi Aramco in Saudi Arabia, citing its strategy to reduce its refinery operations.
The planned refinery was to be built by the two oil companies in Yan
The Shah gas project, a joint venture between state-run Abu Dhabi National Oil Company (Adnoc) and ConocoPhillips, will start up by the second or third quarter of 2014, the joint venture's top official said.
The Shah project is the fir
Abu Dhabi and ConocoPhillips plan to award Dh36.8 billion ($10.02 billion) of contracts in the first half of 2010 to develop their Shah gas project, Emirati newspaper al-Ittihad reported on Monday.
State-run Abu Dhabi National Oil Company
Abu Dhabi investment vehicle Mubadala's joint-venture deal with ConocoPhillips to develop an offshore oilfield in Kazakhstan could produce up to 3 million barrels per day (bpd) in three to four years, a top executive said on Tuesday.