ConocoPhillips

Why Ryan Lance Sees a Higher Oil Floor—and What it Means for International Investment

Venture Global jumps on ConocoPhillips LNG supply deal

Venture Global's shares climbed 3% after announcing a 20-year liquefied natural gas supply agreement with ConocoPhillips. Under the agreement, ConocoPhillips will purchase 1.0 million tonnes per annum of LNG from Venture Global starting in 2030, significantly expanding Venture Global's customer base and future supply commitments. Venture Global is a major U.S. LNG exporter with over 100 million tonnes per annum of capacity in various stages of development.

ConocoPhillips signs 20-year LNG deal with Venture Global

ConocoPhillips and Venture Global have signed a 20-year liquefied natural gas (LNG) supply agreement for 1 million tonnes a year, starting in 2030. This deal aims to strengthen ConocoPhillips' LNG portfolio, especially as challenges from the Iran conflict impact QatarEnergy’s operations where ConocoPhillips has interests. Venture Global's LNG projects are located in Louisiana, with significant production capacity already in development or construction.

Exxon, Suncor Bid to Block Climate Suits at US Supreme Court (1)

Exxon Mobil Corp. and Suncor Energy Inc. are petitioning the US Supreme Court to dismiss a climate change lawsuit filed by the city and county of Boulder, a case that could impact dozens of similar actions across the country. The oil companies argue that climate change is a global issue beyond the scope of state-level litigation and that federal law, specifically the Clean Air Act, should govern such matters. The Justice Department supports the companies' position, while environmental groups and local governments contend that states should be able to protect their citizens from in-state harms under traditional tort doctrines.