ConocoPhillips

Secretary of State Marco Rubio confirmed that the Trump administration plans to remove Syria’s state sponsor of terrorism designation following a meeting with Syrian President Ahmed al-Sharaa. The move aims to enable private investment in Syria and foster regional stability, citing executive actions and Syria’s counterterrorism efforts as justification.

President Donald Trump is expected to remove Syria's state sponsor of terrorism designation ahead of a meeting with Syrian President Ahmed al-Sharaa at the NATO summit in Ankara. The removal would facilitate private-sector investment in Syria and ease legal barriers for companies like Chevron, ConocoPhillips, and Nokia.

President Donald Trump is expected to remove Syria's state sponsor of terrorism designation during a meeting with Syrian President Ahmed al-Sharaa at the NATO summit in Ankara. The move aims to facilitate private-sector investment in Syria and align with broader U.S. strategic goals in the Middle East, though the State Department notes several steps remain before the designation can be officially lifted.

ConocoPhillips is set to sign a deal with Syria to revive gas production. This agreement marks the first by a US energy major with Damascus as efforts to rebuild activity continue after years of civil war.

The US is set to hold an oil and gas lease sale in Alaska's Arctic National Wildlife Refuge, with opponents citing climate change impacts and prior lack of industry interest, while supporters argue it could boost production and jobs. Conservation groups have urged major companies like ConocoPhillips and Hilcorp to avoid participating due to legal risks and public opposition, though the Trump administration has mandated lease sales in multiple Alaskan regions. The USGS estimates the refuge's coastal plain may hold significant oil reserves, but drilling remains inactive there.

Canada's carbon tax is hindering pipeline plans according to Cenovus Energy Inc.'s CEO. Cenovus Energy Inc. is Canada's fourth-largest oil producer and has operations in Alberta, Canada. The company's plans may be affected by the country's environmental policies.

The Greens have launched a gas tax inquiry requiring executives from Santos, Woodside, Chevron, Shell, Inpex, and ConocoPhillips to provide evidence. Labor faces pressure to introduce a 25% export tax amid global fuel price spikes, with the inquiry set to hold hearings in Canberra and Perth.

ConocoPhillips is sending a team to Venezuela to evaluate oil prospects amid renewed interest in Venezuelan crude. The Trump administration's plan to control 50 million barrels of Venezuelan crude has prompted oil traders and US refiners to prepare for potential supply access.