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Stock Market & Financial Investment News

News Breaks
February 14, 2013
07:33 EDTBP, SOBP warned of threats in Algeria in 2011and 2012, WSJ reports
In 2011 and 2012, well before the recent terrorist attack on a natural-gas facility in Algeria, internal BP (BP) reports cautioned company staff that the killing of Osama bin Laden result in new threats from al Qaeda offshoots in Africa, reports the Wall Street Journal. The reports, seen by the Journal, anticipate the emergence of groups like the one that launched a deadly attack against the plant in In Amenas, Algeria, which BP operates in a joint venture with Algerian state-oil company Sonatrach and Norway's Statoil (STO). BP wouldn't comment.Reference Link
News For BP;SO From The Last 14 Days
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October 16, 2014
13:54 EDTBPGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
October 15, 2014
10:13 EDTSOSouthern Company announces Plant Vogtle Unit 2 has resumed generation
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07:44 EDTBPExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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October 13, 2014
06:36 EDTBPSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTBPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTBPSaudis take aggressive oil measures in Europe, WSJ says
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October 10, 2014
09:05 EDTBPBP begins $1.1B North Sea project, Bloomberg says
BP CEO Bob Dudley said that the company is poised to begin a project worth close to $1.1B in the North Sea this month, which is anticipated to supply oil and gas into the next ten years, according to Bloomberg, citing comments from Dudley. Reference Link
October 7, 2014
07:27 EDTBPEU repreive on oil sands label a victory for Canada, WSJ says
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October 6, 2014
17:31 EDTBPForest Oil agrees to purchase Texas gas properties for $20M
Forest Oil Corporation (FST) said in a regulatory filing that it had agreed to purchase certain oil and gas properties located in the state of Texas together with various other related interests, rights, wells, leasehold interests, records, equipment, and other assets from BP America Production Company, a subsidiary of BP (BP), and Brammer Engineering pursuant to a closing letter agreement dated September 18 from BP, and accepted by Forest and Brammer on the closing date and a deed and assignment and bill of sale dated as of the closing date by and among Forest and the sellers. The assets exclude, among other things, certain rights, claims, credits, fee mineral interests, proprietary data, and records. The total consideration to be paid by Forest for the assets is $20M in cash, subject to customary adjustments to reflect the operation of the oil and gas assets prior to the closing, title defects, and unresolved consents to assignment and environmental defects. There are no relationships between Forest or any of Forestís officers, directors, or affiliates, on the one hand, and sellers, on the other hand.

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