Exxon Mobil and ConocoPhillips are both sharpening their focus on domestic operations, having sold billions of dollars’ worth of mature assets elsewhere.
The multibillion-dollar sale of BP’s Alaska business to Hilcorp illustrates the divergent strategies of the majors from private oil and gas players, analysts say.
A division of Chevron Phillips Chemical Company LP is supplying EVX Midstream Partners LLC with a new type of plastic pipe for a saltwater disposal pipeline project.
Permian production had previously been forecast by the EIA to hit 4.23 MMbbl/d in July, marking an increase of 55,000 bbl/d from June. However, the figure was revised downwards this month, with the agency now projecting that output will reach 4.17 MMbbl/d in July.
The booming US LNG industry are increasingly seeking other markets as a second wave of LNG project construction begins.
Kinder Morgan has once again pushed back start-up of its Elba Liquefaction Project near Savannah, Georgia, in another delay after previously targeting an in-service date of May 1.
Exxon Mobil Corp. and Chevron Corp. both held annual shareholder meetings on May 29, with climate change issues high on both agendas.
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