3 Energy Stock Stories Closing Out a Busy Trading Week

ConocoPhillips (NYSE:COP): Closing price $74

ConocoPhillips and Santos Ltd. which are developing separate liquefied natural gas projects in Australia, costing over $40 billion, have agreed to share pipelines and exchange gas to lower costs and duplication. The projects in Queensland state will construct two pipeline connection points and sign gas-swap agreements, said their joint statement Friday from Adelaide-based Santos and ConocoPhillips’s partner, Sydney-based Origin Energy Ltd. ConocoPhillips and Origin are building a $24-billion project to liquefy natural gas for shipment to Asia, while Santos is working on an $18.5-billion development.

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