Exploration & Production

ConocoPhillips expects current weak global liquefied natural gas (LNG) prices to improve as growing demand soaks up the excess supply in the market, the company’s chief executive said."LNG prices are pretty weak right now, but we believe it’s a short term phenomenon," ConocoPhillips Chief Executive...






US energy firms this week reduced the number of oil rigs operating for a third week in a row as weaker oil prices encourage drillers to follow through on plans to cut spending.Drillers cut five oil rigs in the week to May 24, bringing the total count down to 797, the lowest since March 2018, General...






Russia plans to take back around 1 million tonnes of contaminated oil from Belarus, cleaning up the Druzhba export pipeline section leading to Poland and Germany, four industry sources familiar with the plan told Reuters.An estimated 5 million tonnes of contaminated oil – which is being removed...






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