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Stock Market & Financial Investment News

News For BP;DOW From The Last 14 Days
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June 26, 2015
13:48 EDTBPLone Star Value calls on Penn Virginia to launch strategic alternatives review
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June 25, 2015
14:29 EDTBPPenn Virginia says did not issue press release earlier, no comment on rumors
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13:08 EDTBPPenn Virginia higher after blog speculates on another deal
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12:07 EDTBPBP said to make $8/share bid for Penn Virginia, Proactive Investors blog says
BP (BP) has made a $8 per share takeover bid for Penn Virginia (PVA), but the latter rejected the bid and is "holding out" for at least $10 per share, UK investor blog Proactive Investors claimed, citing people familiar with the matter. ExxonMobil (XOM) and Chevron (CVX) may also be interested in buying Penn Virginia, according to Proactive, which identifies itself as a "leading multi-media news organisation, investor portal and events management business." Penn Virginia shares are up 7% in midday trading following the report from the blog, which was previously credited for a report on alleged takeover advances made toward drugmaker Receptos (RCPT). Reference Link
11:58 EDTBPBP said to bid to buy Penn Virginia, Proactive Investors says
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June 24, 2015
07:19 EDTBPU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 23, 2015
08:31 EDTDOWSadara JV says on track for first production units to start up in 2015
Sadara Chemical Company is progressing on-budget and on-schedule in alignment with Dow’s strategy to enable cost-advantaged growth in fast-growing regions such as Asia Pacific, the Middle East, Africa, and Eastern and Central Europe. Sadara is a joint venture developed by The Dow Chemical Company and Saudi Arabian Oil Company. vSignificant progress has been made in starting up key infrastructure and utility systems. Overall construction of the manufacturing facility is now approximately 94% complete with 47,000 personnel on site in Jubail Industrial City II, Saudi Arabia. The commissioning and startup of key utilities infrastructure is underway and the process for first production units will begin in the second half of the year with initial polyethylene production beginning near the end of 2015. Full site operations remains on track for the end of 2016. Sadara’s 26 manufacturing assets are scheduled for a sequenced start-up process, beginning with the polyolefins envelope to maximize timing in the ethylene cycle, followed by ethylene oxide/propylene oxide and their derivatives, with the polyurethanes portfolio in the final phase. Customer excitement is increasing as Dow businesses actively prepare to market and sell the majority of products produced by Sadara Chemical Company via agreements with the joint venture, to support growth in key markets such as packaging, construction, electronics, furniture and bedding, automotive and transportation. Progress also continues as Dow works with its customers to attract downstream investments to the advanced manufacturing value park adjacent to Sadara, PlasChem Park, in support of a diversified Saudi economy and job growth in the region.
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