ConocoPhillips cancels billion-dollar North Sea project

ConocoPhillips has canceled a project in the North Sea where the company planned to spend around USD 2 billion to develop the field, reports newspaper Aftenbladet.

BY OLE ANDERSEN

The low oil price now makes oil company CononoPhillips cancel a billion-dollar project in the North Sea, according to Norwegian newspaper Aftenbladet.

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ConocoPhillips cancels billion-dollar North Sea project

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Statoil is struggling to find partners

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Statoil postpones two giant oil fields

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

Seven Seas: Customers' green ambitions and actions don't align

DSV's strategy could block acquisition of DB Schencker

German bank to broker CO2 allowances to shipping customers

Jobs