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OPINION: After 30 years of experience in and around the oil and gas industry, I think SB21 deserves repeal.
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American company ConocoPhillips has found a prospect of 5-7 trillion cubic feet gas reserve deep in the Bay of Bengal, but its existing production sharing contract with the government does not give it enough incentive to confirm discovery and supply of the gas.
Medal Oil holds a 5% interest in OML 131. Upon completion of the CoP Acquisition, OER will own a 100% interest in OML 131.
Although much attention on Alaska's North Slope tends to focus on Prudhoe Bay and Kuparuk River, the huge legacy oil fields of the region, continued exploration and appraisal around these fields has led to the development of a number of more modest-sized fields.
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ConocoPhillips' J-Block North Sea gas field in Britain returned to service on Thursday evening after an unplanned outage, the company said on its regulatory website.
OPINION: Sarah Palin has it right on oil taxes - Alaskans need to push back and repeal Senate Bill 21. Pictured: Palin during a book-signing tour in 2013.
Big oil companies are in the early stages of a new cycle of profitability , and the best stocks to play the wave are Chevron , ConocoPhillips and Total , Citigroup analysts say.
CVS Caremark has approved a quarterly dividend of $0.275 per share on the corporation's common stock.
The oil and gas sector has been one of the market's best performing sectors this year.
Expansion in the Eagle Ford region will have a positive impact on the overall cost structure and margins of the company as the extraction costs are lower in the region.
"A compelling dividend remains a top priority for our company and reflects our commitment to deliver competitive shareholder returns," said CEO Ryan Lance.
This marks ConocoPhillips' second dividend increase since the company separated its downstream operations in to become the world's largest independent E&P company based on production and proved reserves.
The terms of the Units, other than the denomination of the conversion price and exercise price in Prior to the completion of the Conversion, Oando Plc owned, and exercised control or direction over, 527,887,867 Common Shares, representing approximately 92.0% of the issued and outstanding Common Shares.
OPINION: Engineer and UAF professor emeritus Tim Tilsworth says SB 21 was born of fear mongering and conflict of interest, and deserves repeal.
Updated: Sat Jul 12, 2014 07:06 pm
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