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Stock Market & Financial Investment News

News Breaks
January 19, 2013
14:32 EDTSTO, BPAlgerian army ends siege by militants at desert gas plant, Reuters says
The Algerian army carried out a final assault to end the Islamic militant seige at a desset gas plant, says Reuters. Reference Link
News For BP;STO From The Last 14 Days
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April 17, 2015
08:29 EDTBPU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
April 16, 2015
06:41 EDTBPGulf oil spill victims have received over $5B from BP fund, Reuters says
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April 14, 2015
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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06:40 EDTBPU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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05:32 EDTBPBP downgraded to Neutral from Buy at Citigroup
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April 13, 2015
10:00 EDTBPOn The Fly: Analyst Downgrade Summary
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07:02 EDTBPBP downgraded to Neutral from Buy at BofA/Merrill
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April 12, 2015
18:32 EDTBPObama administration expected to toughen offshore drilling regulations, WSJ says
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16:49 EDTBPIEA says Iran nuke deal to have limited impact on supply for years, Reuters says
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April 9, 2015
10:02 EDTSTOStatoil makes oil discovery in Gulf of Mexico
Statoil (STO) announced that it has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico. The Yeti discovery expands the proven sub-salt Miocene play further South and West of Big Foot," said Jez Averty, Statoil's senior vice president, exploration for North America. "We are analyzing data to determine the size of the discovery in order to consider future appraisal options." The Yeti discovery was made in Walker Ridge block 160, which is located approximately 15 km (9 miles) south of the Big Foot field, and 11 km from the Cascade field. All of the blocks making up Yeti were accessed by the current owners in recent years. Yeti was drilled with the Maersk Developer drilling rig, a sixth generation semi-submersible. Statoil reports that its drilling efficiency with Yeti was among the best of any well drilled in Walker Ridge, achieving a drilling performance level of approximately 120 meters per day. The rig has moved on and is currently drilling Statoil's Thorvald prospect in the Mississippi Canyon block 814. Statoil is the operator of Yeti, and its partners are Anadarko (APC) and Samson (SSN).
08:21 EDTBPRoyal Dutch Shell and BP yet to meet Abu Dhabi's sign-on fee, WSJ reports
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07:43 EDTBPNational Economists Club to hold a luncheon meeting
Mark Finley, General Manager of Global Energy Markets at BP, delivers a speech entitled, "BPs Energy Outlook 2035" at a Luncheon Meeting being held in Washington, D.C. on April 9 at 12 pm.
April 7, 2015
06:43 EDTBPOil retreats on reports of Iran, China talks, Reuters says
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April 6, 2015
06:41 EDTBPOil up after Saudi Arabia increases prices for Asia, Reuters says
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April 5, 2015
18:12 EDTBPOil falls after tentative nuclear deal for Iran, Reuters says
After a preliminary pact between Iran and world powers on Tehran's nuclear program the price of Brent oil fell nearly 4% on Thursday, says Reuters. 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

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