ConocoPhillips, Occidental Petroleum and Marathon Oil have been highlighted in this Industry Outlook article.
Shipments of liquefied natural gas (LNG) from Australia Pacific LNG have come to a halt after a loaded tanker docked at the site lost power, operator ConocoPhillips and co-owner Origin Energy said on Tuesday. So far two LNG cargoes have been delayed, and Origin warned "it expected that more LNG cargoes will be deferred", as the stricken vessel was blocking other tankers from entering the facility on Curtis Island off Australia's east coast.
Extreme volatility in oil and gas prices and high input prices in refining activities are making the outlook for the Zacks Oil & Gas US Integrated industry gloomy. ConocoPhillips (COP), Occidental (OXY) and Marathon Oil (MRO) are likely to survive the business challenges.