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ConocoPhillips to move forward with development of $8 billion Willow project

ConocoPhillips to move forward with development of $8 billion Willow project
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

United statesKrishna chandra eluriTanay dhumalRyan lanceShounak dasgupta

ConocoPhillips to move forward with development of $8 bln Willow project

U.S. oil giant ConocoPhillips on Friday gave the financial greenlight to its $8 billion Willow oil and gas drilling project in Alaska. With this project authorization, we ve begun.

United statesKrishna chandra eluriTanay dhumalRyan lanceShounak dasgupta

ConocoPhillips to move forward with development of $8 billion Willow project

"With this project authorization, we've begun winter construction," CEO Ryan Lance said. Environmental and indigenous groups in November asked a federal court in Alaska to temporarily bar ConocoPhillips from going forward with construction of the project in the state's Arctic, arguing a stay is necessary to stop imminent cultural and environmental harms. The Willow project area holds an estimated 600 million barrels of oil, and ConocoPhillips has said the project will produce up to 180,000 barrels of oil per day at its peak.

United statesTanay dhumalRyan lanceShounak dasguptaKrishna chandra eluri

Marathon Petroleum names John Quaid as finance chief

Refiner Marathon Petroleum on Thursday named John Quaid as its new chief financial officer, effective Jan. 1. He will succeed Maryann Mannen, who will now be appointed as the president.

Tanay dhumalShounak dasguptaMaryann mannenJohn quaidKrishna chandra eluriRefiner marathon petroleum onMarathon petroleum

Marathon Petroleum names Mannen president, Quaid finance chief

Marathon Petroleum names Mannen president, Quaid finance chief
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United statesMichael henniganGary hemmingerJohn quaidLaura sanicolaKrishna chandra eluriMaryann mannenShounak dasguptaDeepa babingtonTanay dhumalRefiner marathon petroleum onMarathon oilRefiner marathon petroleumOhio based marathonChief executive gary hemminger

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