Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Conoco looks to North America, Libya still out of service
by Daniel J. Graeber
Houston (UPI) Jul 31, 2013


disclaimer: image is for illustration purposes only

Conoco Phillips said Thursday it saw a strong growth in production from North American shale, but Libyan operations remained shut in for the company.

The company said it was discounting Libya in its outlook for the rest of the year.

"Production from continuing operations, excluding Libya, was 4 million barrels of oil equivalent per day in the second quarter, essentially flat compared with the same period in 2013," its second quarter report said. "Libya production remained shut in as a result of the Es Sider terminal shutdown."

Ras Lanuf and Es Sider combine for as much as half of Libya's full export potential of 1.3 million barrels per day. Libyan production has suffered because of ongoing skirmishes between pro-government forces and rival militias.

Early 2014 output has been limited to around 250,000 barrels oil per day.

"The company is raising the midpoint of its 2014 full-year production outlook for continuing operations, excluding Libya," Conoco said. "Full-year production guidance is now approximately 1.52 billion boe per day to 1.5 billion boe per day."

The U.S. supermajor reported strong gains from the Eagle Ford shale play in Texas and the Bakken crude oil formation in North Dakota. Combined output from those two areas increased 38 percent during the second quarter when compared with last year.

Overall, Chairman and Chief Executive Officer Ryan Lance said operational and financial performance during the second quarter was strong.

"We continue to grow in our North American unconventional plays," he said.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Zhou Yongkang: oil man whose well of power finally ran dry
Beijing (AFP) July 29, 2014
Embattled former top Communist Zhou Yongkang rose through China's state oil industry to become the country's internal security chief - and amassed so much power, according to analysts, that he brought about his own downfall. The investigation into him announced Tuesday comes on the back of President Xi Jinping's much-publicised anti-corruption drive, but experts say it is driven more by int ... read more


OIL AND GAS
Insecticides Similar to Nicotine Widespread in Midwest

McDonald's Japan halts sales of Chinese chicken after scandal

McDonald's holds the beef in China meat scandal

By 2050 temperatures might be helpful to growth of forage plants

OIL AND GAS
German chip-maker Infineon ups full-year forecast

Unleashing the power of quantum dot triplets

The birth of topological spintronics

'Comb on a chip' powers new NIST/Caltech atomic clock design

OIL AND GAS
The evolution of airplanes

Emirates airline says will not fly over Iraq after MH17

Russian fighter jet crashes, killing pilot

Stronger rules needed on flight paths: Malaysia Airlines official

OIL AND GAS
US spy agency patents car seat for kids

London mulls charge on diesel vehicles

Britain to trial driverless cars from 2015

Nissan quarterly profit soars on strong China demand

OIL AND GAS
China confirms Microsoft probe for 'monopoly' actions

Chinese regulators visit Microsoft offices: Dow Jones

China's Xi eyes increased investment in Cuba

Failed Marx letter sale disappoints Chinese capitalists

OIL AND GAS
Urban heat boosts some pest populations 200-fold, killing red maples

Borneo deforested 30 percent over past 40 years

Reducing Travel Assisted Firewood Insect Spread

Walmart store planned for endangered Florida forest

OIL AND GAS
OCO-2 Data to Lead Scientists Forward into the Past

NASA's Van Allen Probes Show How to Accelerate Electrons

ADS and Esri Take Satellite Imagery Services to a Premium Level

Ten-Year Endeavor: NASA's Aura Tracks Pollutants

OIL AND GAS
NIST shows ultrasonically propelled nanorods spin dizzyingly fast

Low cost technique improves properties of nanomaterials

Rice nanophotonics experts create powerful molecular sensor

"Nanocamera" takes pictures at distances smaller than light's own wavelength




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.