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ConocoPhillips, QatarEnergy Ink Two Deals To Supply Long-term LNG To Germany

RTTNews | 1027 dias atrás

ConocoPhillips, QatarEnergy Ink Two Deals To Supply Long-term LNG To Germany

(RTTNews) - Exploration and production company ConocoPhillips (COP) and QatarEnergy announced Monday that they have signed two agreements to supply long-term liquefied natural gas (LNG) to Germany.

The suppliers are joint venture companies established between ConocoPhillips and QatarEnergy to participate in the North Field East (NFE) and North Field South (NFS) projects Meanwhile, the buyer is a wholly owned subsidiary of ConocoPhillips.

The first delivery is expected in 2026 to the recently announced German LNG Terminal at Brunsbüttel.

These agreements will provide an attractive LNG offtake solution for ConocoPhillips' new joint ventures with QatarEnergy and position the joint ventures as reliable sources of LNG supply into Europe.

Through its joint ventures with QatarEnergy, ConocoPhillips holds a 3.125% interest in the NFE project and a 6.25% interest in the NFS project. The company has agreed to terminal services for a 15-year period at the German LNG Terminal.

Marcadores : COP

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Marathon Oil To Pay $241.5 Mln In Pollution Penalties

Marathon Oil To Pay $241.5 Mln In Pollution Penalties

Marathon Oil Co., which is in deal to be bought by ConocoPhillips in $22.5 billion all-stock deal, has agreed to a settlement with the U.S. Government regulators and to pay $241.5 million in penalties over climate- and health-harming emissions in North Dakota. The settlement with the U.S. Environmental Protection Agency or EPA and Department of Justice includes largest ever civil penalty...

RTTNews | 436 dias atrás

ConocoPhillips Q4 Adj. EPS Tops Estimates; Lifts FY24 Production Guidance

ConocoPhillips Q4 Adj. EPS Tops Estimates; Lifts FY24 Production Guidance

ConocoPhillips (COP) reported Thursday that net earnings for the fourth quarter declined to $3.01 billion or $2.52 per share from $3.25 billion or $2.61 per share in the prior-year quarter.

RTTNews | 591 dias atrás

Malaysia Stock Market May Reclaim 1,600-Point Level

Malaysia Stock Market May Reclaim 1,600-Point Level

The Malaysia stock market has moved lower in two straight sessions, slipping almost 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just shy of the 1,600-point plateau although it's likely to bounce higher on Monday.

RTTNews | 8 minutos atrás

Japan Shares Likely To Remain Rangebound On Monday

Japan Shares Likely To Remain Rangebound On Monday

The Japanese stock market has moved lower in two of three trading days since the end of the four-day winning streak in which it had surged more than 1,430 points or 3.2 percent. The Nikkei 225 now sits just beneath the 45,050-point plateau and it may see mild upside on Monday.

RTTNews | 23 minutos atrás

Tech Shares May Lift South Korea Stock Market

Tech Shares May Lift South Korea Stock Market

The South Korea stock market has finished lower in two of three days since ending the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. The KOSPI sits just above the 3,440-point plateau and it may tick higher again on Monday.

RTTNews | 38 minutos atrás

Hong Kong Inflation Data Due On Monday

Hong Kong Inflation Data Due On Monday

Hong Kong will on Monday release August figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 1h 38min atrás

Canadian Dollar Advances Against Majors

Canadian Dollar Advances Against Majors

The Canadian dollar firmed against its major counterparts in the New York session on Friday.

RTTNews | 2 dias atrás

Swiss Market Ends Higher For 2nd Straight Session

Swiss Market Ends Higher For 2nd Straight Session

The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.

RTTNews | 2 dias atrás

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