News of the Day:        ConocoPhillips raises capital budget 17% for 2021, maintains production outlookS & P Global Platts, February 2, 2021 Fresh from closing a major corporate acquisition, ConocoPhillips has set a 2021 capital budget of $5.5 billion, 17% higher than last year, that will maintain its production flat at 1.5 million boe/d pro forma, the company’s top executives said … read more

News of the Day: Stay tuned: The EIA this afternoon will release its 2021 Annual Energy Outlook in an event with the Bipartisan Policy Center. We’ll see how the agency projects the pace of oil and gas demand recovery after a brutal 2020 for the industry. OIL: Will Saudi Arabia’s Surprise Production Cut Backfire?Matthew Smith, OilPrice.Com, February 2, 2021 Global … read more

News of the Day: ConocoPhillips Alaska Road Construction OK’d Pending LawsuitMaya Earls, Bloomberg Law, February 2, 2021 Plaintiffs failed to show likely harm to polar bears Environmental review claims time-barred, court says ConocoPhillips Alaska Inc. can build roads and open a gravel mine site in the National Petroleum Reserve-Alaska this winter, despite claims that traffic will disturb polar bears, a federal … read more