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ConocoPhillips


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ConocoPhillips Plans to Sell $10 Billion of Assets (Update4) - Bloomberg.com

www.bloomberg.com | Oct 7, 2009

[bn:WBTKR=COP:US] ConocoPhillips [], the third-largest U.S. oil company, said it will sell about $10 billion of assets in the next two years and cut capital spending in 2010 to reduce debt and increase returns on capital.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHnFuNc5pSEc&refer=worldwide_news

Invensys Operations Management Provides Dynamic Simulation f...

www.itbretail.com

"We were very impressed with Invensys’ professionalism and technical capabilities, particularly around gasification, and we look forward to working with them on this important development effort,” said Cliff Keeler, E-Gas product manager, ConocoPhillips.

http://www.itbretail.com/pr/33323

 

ConocoPhillips Up 24.2% Since SmarTrend's Buy Recommendation - Zibb.com

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Companies: ConocoPhillips (COP)

 

ConocoPhillips Delays Wilhelmshaven Upgrade Project - Zibb.com

ConocoPhillips (NYSE:COP) announced today a delay in the planned upgrade of its 260,000 barrel-per-day Wilhelmshaven refinery in Germany. This action is consistent with the recent announcement that the company's capital budget for 2010 will be reduced from current levels to improve financial flexibility and better balance expenditures and resources.

"This is the right project for Wilhelmshaven but not now," said Willie Chiang, senior vice president, Refining, Marketing & Transportation. "We will re-evaluate this investment opportunity as market conditions warrant."

The project is intended to upgrade the Wilhelmshaven facility into a premier European refinery by significantly improving diesel output from the refinery while equipping it to process less expensive crude. Certain procurement and permitting activities currently in progress will be completed to allow a smooth restart of the project at the appropriate time.

ConocoPhillips is an international, integrated energy company with interests around the world. Headquartered in Houston, the company had approximately 30,100 employees, $152 billion of assets, and $142 billion of annualized revenues as of September 30, 2009. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that contain projections about our revenues, income, earnings and other financial items, our plans and objectives for the future, future economic performance, or other projections or estimates about our assumptions relating to these types of statements. These statements usually relate to future events and anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements are based on management's expectations, estimates and projections about ConocoPhillips and the petroleum industry in general on the date this statement was released. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Economic, business, competitive and regulatory factors that may affect ConocoPhillips' business are generally as set forth in ConocoPhillips' filings with the Securities and Exchange Commission (SEC). Unless legally required, ConocoPhillips undertakes no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE: ConocoPhillips

ConocoPhillips 
Bill Stephens, 281-293-1958 (Houston) 
or 
Eckhard Heyse, +49-4421-509-101 (Germany)

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Tags: business   earnings   energy   germany   investment   market   marketing   nyse   president   refinery   sec   securities   transportation  

Companies: ConocoPhillips (COP)

 

Last Leg of Rockies Express Pipeline Completed - Zibb.com

Construction of the final 195 miles of Rockies Express-East is complete and service began today on the final portion of the pipeline from the Lebanon Hub in Warren County, Ohio, to Clarington in Monroe County, Ohio.

"We are pleased that the final leg of Rockies Express is in service," said Steve Kean, president of Kinder Morgan's Natural Gas Pipelines group.

The entire 1,679 miles of the Rockies Express Pipeline (REX) stretching from northwestern Colorado to eastern Ohio is now operational and available for full firm shipper nominations. Long-term, binding firm commitments have been secured for virtually all of the pipeline's capacity.

REX is one of the largest natural gas pipelines ever constructed in America. Kinder Morgan owns 50 percent of the pipeline, which it constructed and operates. Sempra Pipelines and Storage, a unit of Sempra, and ConocoPhillips each own a 25 percent stake in REX.

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline transportation and energy storage company in North America. KMP owns an interest in or operates more than 28,000 miles of pipelines and 170 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. KMP is also the leading provider of CO2 for enhanced oil recovery projects in North America. One of the largest publicly traded pipeline limited partnerships in America, KMP has an enterprise value of approximately $25 billion. The general partner of KMP is owned by Kinder Morgan, Inc., a private company.

Sempra Pipelines & Storage develops, builds and operates natural gas pipelines and storage facilities in Latin America and the United States. It also manages natural gas and electricity distribution in Argentina, Chili, Mexico and Peru. Sempra Energy (NYSE: SRE), based in San Diego, is a Fortune 500 energy-services holding company with 2008 revenues of nearly $11 billion. The Sempra Energy companies' 13,600 employees serve more than 29 million consumers worldwide.

ConocoPhillips (NYSE: COP) is an international, integrated energy company with interests around the world. Headquartered in Houston, the company has about 30,000 employees and $152 billion of assets. For more information, go to www.conocophillips.com.

This news release includes forward-looking statements. Although Kinder Morgan believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Kinder Morgan's Forms 10-K and 10-Q as filed with the Securities and Exchange Commission.

This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When Sempra Energy uses words like "believes," "expects," "anticipates," "intends," "plans," "estimates," "may," "would," "should" or similar expressions, or when Sempra Energy discusses its strategy or plans, the company is making forward-looking statements. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are necessarily based upon various assumptions involving judgments with respect to the future and other risks, including, among others: local, regional, national and international economic, competitive, political, legislative and regulatory conditions and developments; actions by the California Public Utilities Commission, the California State Legislature, the California Department of Water Resources, the Federal Energy Regulatory Commission and other regulatory bodies in the United States and other countries; capital markets conditions, inflation rates, interest rates and exchange rates; energy and trading markets, including the timing and extent of changes in commodity prices; the availability of natural gas; weather conditions and conservation efforts; war and terrorist attacks; business, regulatory, environmental, and legal decisions and requirements; the status of deregulation of retail natural gas and electricity delivery; the timing and success of business development efforts; the resolution of litigation; and other uncertainties, all of which are difficult to predict and many of which are beyond the control of the company. These risks and uncertainties are further discussed in the company's reports filed with the Securities and Exchange Commission that are available through the EDGAR system without charge at its Web site, www.sec.gov and on the company's Web site, www.sempra.com.

Sempra Pipelines & Storage is not the same company as the utilities, SDG&E or SoCalGas, and Sempra Pipelines & Storage is not regulated by the California Public Utilities Commission.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that contain projections about our revenues, income, earnings and other financial items, our plans and objectives for the future, future economic performance, or other projections or estimates about our assumptions relating to these types of statements. These statements usually relate to future events and anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements are based on management's expectations, estimates and projections about ConocoPhillips and the petroleum industry in general on the date this statement was released. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Economic, business, competitive and regulatory factors that may affect ConocoPhillips' business are generally as set forth in ConocoPhillips' filings with the Securities and Exchange Commission (SEC).

ConocoPhillips is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE: Rockies Express Pipeline

Kinder Morgan Energy Partners, L.P. 
Media Relations 
Joe Hollier, (713) 369-9176 
or 
Kinder Morgan Energy Partners, L.P. 
Investor Relations 
Mindy Mills, (713) 369-9490 
www.kindermorgan.com 
or 
Sempra Energy 
Media Relations 
Art Larson, (877) 866-2066 
or 
Sempra Energy 
Investor Relations 
Glen Donovan, (877) 736-7727 
www.sempra.com 
or 
ConocoPhillips 
Media Relations 
Bill Stephens, (281) 293-1958 
or 
ConocoPhillips 
Investor Relations 
Diana Santos, (281) 293-1674 
www.conocophillips.com

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Companies: Kinder Morgan Energy Partners, L.P. (KMP)

 

ASCI completes inventory software installation for ConocoPhillips - Zibb.com

Asset Management Services, a subsidiary of Advanced Supply Chain International and a provider of supply chain management solutions, has completed the implementation of Oniqua's OAS - Inventory software at ConocoPhillips work sites.

Asset Management Services (AMS) used the pilot site's ERP system data to create a set of analysis processes to manage inventories, while also accommodating local site needs and variations in the ERP system setup, Advanced Supply Chain International (ASCI) said.

Rick Magnuson, director of analytics at AMS/ASCI, said: "Because of this project's scale, ASCI used a multi-site, large system implementation methodology, expanding upon the single site approach used for the pilot projects. This successful tactic minimized impact on the user community, incorporated streamlined project governance, and sought out active participation and feedback from ConocoPhillips users at each site.

"Although a different approach was used in the single-site roll-outs, ASCI's methodology proved dynamic and flexible enough for easy adaptation at either single-site or complex, multi business-unit installations."

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

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Tags: business   community   local   software  

Companies: ConocoPhillips (COP)

 

Web Sites

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Video: ConocoPhillips Joins Origin In Gas Venture; Nationwide In Merger Talks - Zibb.com

www.zibb.com

ConocoPhillips joins origin in $8 Billion gas venture; Nationwide in merger talks with Derbyshire, Chesphire http://www.clipsyndicate.com/video/playlist/1998/688376?cpt=8&wpid=523

http://www.zibb.com/article/3915005/Video+ConocoPhillips+Joins+Origin+In+Gas+Venture+Nationwide+In+Merger+Talks

Teaching Tools Home, sponsored by ConocoPhillips

Since Phillips Petroleum Co., now ConocoPhillips, entered the field of educational film series in 1976, it adopted a philosophy that has remained essentially unchanged to this day. In essence, that philosophy is:

http://www.teachingtools.com/

Freelance Instrument Engineer | Aberdeen, UK

www.people4business.com

Freelance Instrument Engineer | Aberdeen, UK | Instrument Engineer An instrumentation professional with more than 10 years experience of design, installation, commissioning and maintenance within UK and international oil & gas

http://www.people4business.com/seller-299646.htm

LNG demand 'strong enough' for new projects

www.energysavingtrust.org.uk

A spokesperson for ConocoPhillips told Bloomberg that new projects in the Queensland state will be able to support demand growth in the coming years.

http://www.energysavingtrust.org.uk/Resources/Daily-news/Energy-bills/LNG-demand-strong-enough-for-new-projects

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Buffett's Berkshire acquires ExxonMobil stake, cuts holdings in ...

www.chicagotribune.com

OMAHA, Nebraska (AP) — Billionaire Warren Buffett 's company bought a nearly $60 million stake in Exxon Mobil Corp. , trimmed holdings in oil rival ConocoPhillips and ...

http://www.chicagotribune.com/business/sns-ap-us-berkshire-investments,0,7491221.story

ConocoPhillips - Wikipedia, the free encyclopedia

en.wikipedia.org

ConocoPhillips Company (NYSE: COP) is an international energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States. [2]

http://en.wikipedia.org/wiki/ConocoPhillips

News from Zibb.com

Events

Print View: HGS Dinner Meeting Stratigraphic Evolution of the Magnolia Field, GOM - Monday 9-Feb-04

in 1982. Geoffrey has extensive experience working on the prediction and characterization of deepwater turbidite reservoirs.

http://www.hgs.org/en/calendarevents/printview.asp?calendareventid=89

Campus Events

Dynamic self-starters with fresh perspectives will catch our interest. Sound like your profile? Then catch us at any of the upcoming events. We look forward to meeting you.

http://www.conocophillips.com/careers/UnivRecruit/events/

NEED 2008 Conference for Educators in Las Vegas

LAS VEGAS, NEVADA CONFERENCE HIGHLIGHTS From July 20 to 24, approximately 75 teachers and educational administrators from across the United States participated in the National Energy Education Development (NEED) Project’s 2008 Energy Conference for Educators in Las Vegas, Nev.

http://www.conocophillips.com/social/engagement/Education/NEED+Partnership/NEED+2008+Conference+for+Educators+in+Las+Vegas.htm

NEED 2008 Energy Conference for Educators

The five-day conference, presented by ConocoPhillips, brought together K-12 teachers and administrators from several states to learn about energy and discuss creative ways to incorporate energy into their classrooms.

http://www.conocophillips.com/social/engagement/Education/NEED+Partnership/NEED+2008+Energy+Conference+for+Educators.htm

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