Market Chatter: ConocoPhillips Reviews Unsolicited Offer for North Sea Business

MT newswire2026/10/05 11:57

07:57 AM EDT, 10/05/2026 (MT Newswires) -- ConocoPhillips (COP) is reviewing an unsolicited offer for its North Sea business, Reuters reported Monday, citing Executive Chair Ryan Lance. The company has not made a decision, Lance said at the Energy Intelligence Forum in London, according to the report. ConocoPhillips operates the Teesside terminal in the UK and holds stakes in several producing fields offshore Norway, including the Ekofisk field, Reuters reported. ConocoPhillips did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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