ConocoPhillips posts $1-billion loss, further cuts capex

ConocoPhillips reported a third-quarter net loss of $1 billion, slightly down from a third-quarter 2015 net loss of $1.1 billion. The firm also plans to reduce its capital expenditures for the year to $5.2 billion from $5.5 billion. Source: News

Peabody named Husky president, CEO; Ghosh to retire

Asim Ghosh is retiring Dec. 5 as president and chief executive officer of Husky Energy Inc. He has held the titles since June 2010 and will remain on the board, which he joined in May 2009. Source: News

UK Horse Hill developers seeking further appraisal drilling

Horse Hill Developments Ltd. has submitted a planning application to Surrey County Council, UK, to conduct further testing at its Horse Hill-1 (HH-1) discovery well. Originally spudded in 2014, Solo Oil PLC announced that the well flowed 1,688 bo/d from two Kimmeridge limestones and the overlying Portland sandstone during a short period of testing early […]

Oil, gas to be part of US Arctic policy, White House official says

The US government’s Arctic policy will include responsible development of oil and natural gas resources in Alaska that meets the highest environmental and safety standards including global climate goals, a White House official said. But other speakers at the Atlantic Council’s Oct. 25 conference suggested that producing this oil and gas could help the federal […]