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Stock Market & Financial Investment News

News Breaks
January 17, 2013
09:57 EDTBP, STOBP confirms major security incident at In Amenas JV site continuing
BP (BP) confirmed in a press release that the major security incident at the In Amenas joint venture site in Algeria is continuing. BP said, "The situation on site remains unresolved and fragile. Armed groups still occupy the site and hold a number of site personnel. BP’s overriding priority is to do all we can to ensure the safety of our staff and to support their families during this anguishing time. All our efforts are focussed on supporting the authorities to secure a peaceful resolution of the situation and the safe return of our colleagues, and all other workers being detained. A number of BP staff are among those held on the site. To ensure we do not risk compromising the safety of these staff in any way, we do not currently intend to publicly release details of our staff members; their number, nationalities or identities. We are in contact with the families of those BP staff, offering them support and information. We will remain in frequent contact with the families to provide support and update them on developments. BP is in regular contact with the Algerian authorities, with our partners at Statoil (STO) and with other companies involved in the situation. BP is also keeping the UK government and authorities, and those of a number of other countries, advised on developments in the evolving situation and working closely with them to liaise with the Algerian authorities and further support the families."
News For BP;STO From The Last 14 Days
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October 31, 2014
06:31 EDTBPRussia, Ukraine reach deal on natural gas, NY Times reports
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October 30, 2014
08:20 EDTBPMarathon Petroleum and partners order study of future operations for Capline
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October 29, 2014
05:25 EDTSTOStatoil reports Q3 adjusted earnings NOK 30.9B vs. NOK 40.4B last year
Statoil's Q3 net operating income was NOK 17B, a decrease from NOK 39.3B in 3Q13. Net income was (NOK 4.8B) mainly due to impairments. Adjusted earnings were NOK 30.9B, a decrease from NOK 40.4B in 3Q13. Eldar Sætre, Statoil's acting president and CEO, stated, "Statoil's quarterly earnings were negatively impacted by lower oil and gas prices and our decision to defer gas sales to enhance value. Our negative net income in accordance with IFRS relates to quarter-specific items. We delivered strong operational performance and cash generation in the quarter." The serious incident frequency was 0.8 in Q3, unchanged from the 3Q13.
05:03 EDTSTOChevron sanctions Stampede project in deepwater U.S. Gulf of Mexico
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October 28, 2014
08:11 EDTSTOGlori Energy extends technology partnership with Statoil
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06:06 EDTBPBP oil spill left 'bathtub ring' on Gulf of Mexico floor, AP reports
New research shows that the BP oil spill in April 2010 left an oily "bathtub ring" on the sea floor that is nearly the size of Rhode Island, the Associated Press reports, citing a study by UC Santa Barbara’s David Valentine, the chief scientist on the federal damage assessment research ships. The study estimates that around 10M gallons of oil congealed on the Gulf of Mexico's floor around the damaged Deepwater Horizons oil rig. Reference Link
05:46 EDTBPBP raises quarterly dividend 5.3% to 10c
BP announced a quarterly dividend of 10c per ordinary share, a 5.3% year-on-year increase. It is expected to be paid in December. BP said it has continued its program of share buybacks and that $10B has now been used to buy back shares for cancellation since March 2013. Divestments with a cumulative value of $4B have now been agreed towards a total of $10B expected by the end of 2015.
05:44 EDTBPBP reports Q3 EPS 99c, consensus 91c
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05:36 EDTBPCGG SA, BP announce R&D agreement
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October 26, 2014
17:07 EDTBPVenezuela decides against Citgo sale, WSJ says
Venezuela has decided against selling its U.S. refining unit Citgo, says the Wall street Journal. Earlier this year Venezuelan officials indicated that they were looking to sell Citgo for as much as $10B, added 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 24, 2014
07:23 EDTBPHalliburton feels BP spill trial proposal should be declined, Bloomberg says
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06:22 EDTBP, STOStatoil secures new Australian exploration permit
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October 23, 2014
11:41 EDTBPBP downgraded to Hold from Buy at Societe Generale
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09:15 EDTSTOKBR awarded Statoil global MSA
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09:01 EDTBPChevron announces oil discovery in deepwater U.S. Gulf of Mexico
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05:53 EDTBPBP, GDF Suez discover new Central North Sea field
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