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In September 2021, ConocoPhillips announced it would buy all of Royal Dutch Shell PLC's assets in the Permian basin for around $9.5 billion in cash. [ 57 ] In June 2022, ConocoPhillips became one of the stakeholders in the joint venture with QatarEnergy for the North Field East (NFE) expansion, holding 3.125%, as well as holding 6.25% stakes in ...
As per the agreement, Marathon Oil shareholders will receive 0.2550 ConocoPhillips shares for each share of Marathon Oil they hold. The acquisition price represents a 14.7% premium to the closing ...
In May 2020 Santos completed its acquisition of ConocoPhillips' northern Australia and Timor-Leste assets for US$1.265 billion as well as a contingent payment of US$200 million, which gave Santos control of ageing offshore assets in Bayu-Undan, subsea assets in the Timor Sea, and onshore gas plant Darwin LNG (DLNG), which included the Bayu ...
The Alexander L. Kielland, a drilling rig operating in the Ekofisk gas field of the North Sea, capsized on 27 March 1980.The incident killed 123 people. The rig was owned by a Norwegian firm, Stavanger Drilling, and was chartered by Phillips Norway, a subsidiary of Phillips Petroleum Co. Survivors and relatives of the deceased sued Phillips Petroleum Co. for damages in federal court in Ohio ...
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space.
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In 2021, the company was acquired by ConocoPhillips. As of December 31, 2019, the company had 1,002 million barrels of oil equivalent (6.13 × 10 9 GJ) of estimated proved reserves, of which 63% was petroleum and natural gas liquids and 37% was natural gas. Of these reserves, 55% were in the Delaware Basin and 45% were in the Midland Basin. [1]
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. As part of the transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips ...