30 August 2024
30 August 2024
The state-owned company recently reported record profits, thanks mainly to sustained high oil prices and increased production.
The planned cuts will affect offices globally, notably in Houston, the Hague and Britain.
ConocoPhillips, with operations in 13 countries, revealed its plans to buy the independent oil and gas exploration and production (E&P) company in May.
Seven European countries briefed Norwegian energy executives in a closed-door meeting about a perceived threat from Vladimir Putin's regime.
The project will receive €5m ($5.54m) through the EU’s Horizon Europe programme with the platform supply craft expected to be operational by 2026.
Golden Pass LNG cited scheduling uncertainties and a change in primary contractors as reasons for the extension.
Libya has also seen a halt in export operations at key ports within the Oil Crescent region.
The contracts encompass decommissioning, inspection, subsea preparation and installation support services.
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