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Stock Market & Financial Investment News

News Breaks
October 12, 2012
06:10 EDTSTO, BP, CVX, XOMBP accused of making "false promises," Reuters reports
Azerbaijan President Ilham Aliyev has accused BP (BP) of making "false promises" on oil output, Reuters reports, claiming that the state has missed out on $8B of possible revenues from the Azeri-Chirag-Guneshli fields. He says he will take "serious measures" against BP. BP's partners on the project include Exxon Mobil (XOM), Chevron (CVX) and Statoil (STO). Reference Link
News For BP;XOM;CVX;STO From The Last 14 Days
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June 19, 2013
12:33 EDTSTOStatoil management to meet with Jefferies
Meeting to be held in New York on June 26 hosted by Jefferies.
08:03 EDTSTOGeneral Electric awarded $147M contract by Statoil
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06:05 EDTSTOStatoil make another oil find offshore Newfoundland
Statoil has made a discovery of light, high-quality oil in the Flemish Pass Basin, offshore Newfoundland. Oil was encountered while drilling the Harpoon prospect, located approximately 500 kilometres north-east of St. John's, Newfoundland and Labrador, Canada. The Harpoon discovery was drilled by the semi-submersible rig West Aquarius, in approximately 1,100 metres of water. Harpoon is located about 10 kilometres south-east of Statoil's Mizzen discovery. The Mizzen discovery is estimated to hold between 100M-200M barrels of oil. As part of its 2013 three-well exploration program offshore Newfoundland, Statoil is currently drilling its Federation prospect, located in the Jeanne d'Arc Basin. The company will then return to the Flemish Pass Basin to drill the Bay du Nord prospect, which is located south-west of the Harpoon and Mizzen discoveries.
06:03 EDTSTOStatoil discovers high-quality oil in Flemish Pass Basin in Newfoundland
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05:56 EDTSTO, BPEU looking for evidence that oil traders manipulate prices, WSJ reports
The EU is investigating manipulation of benchmarks as part of a probe into whether energy traders skew prices of oil and other fuels for their own financial benefit, reports the Wall Street Journal. Reference Link
June 18, 2013
10:01 EDTSTOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Flir Systems (FLIR) upgraded to Strong Buy from Market Perform at Raymond James... HSBC (HBC) upgraded to Buy from Neutral at Citigroup... Motorcar Parts (MPAA) upgraded to Buy from Neutral at B. Riley... People's United (PBCT) upgraded to Overweight from Neutral at JPMorgan... Royal Dutch Shell (RDS.A) upgraded to Focus List from Outperform at Howard Weil... Statoil (STO) upgraded to Outperform from Sector Perform at Howard Weil... CommVault (CVLT) upgraded at Pacific Crest... Newfield Exploration (NFX) upgraded to Buy from Hold at Stifel.
09:37 EDTCVXBNP Paribas to broker Chevron Nigeria oil sales, Reuters reports
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09:13 EDTSTOStatoil upgraded to Outperform from Sector Perform at Howard Weil
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07:13 EDTXOM, CVX, BPU.S. oil exports highest in 30 years, Bloomberg reports
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06:04 EDTBP, CVX, XOMEnergy firms may look to courts over U.S. natural gas exports, Reuters reports
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June 17, 2013
16:07 EDTCVXTesoro Logistics confirms FTC clearance for purchase of Chevron system
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15:35 EDTCVXFTC requires Tesoro to sell petroleum terminal for Chevron deal
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10:10 EDTCVXOn The Fly: Analyst Downgrade Summary
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08:00 EDTCVXChevron downgraded to Hold from Buy at Jefferies
Jefferies downgraded Chevron with a $135 price target citing valuation and expectations its growth can lag the sector average.
June 16, 2013
14:13 EDTCVXChevron confirms first cargo from Angola LNG
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June 14, 2013
08:06 EDTBP, XOM, CVXLNG trade declined in 2012, FT reports
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June 13, 2013
14:29 EDTXOMU.S., Arkansas file joint complaint against Exxon for Pegasus spill
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07:09 EDTXOM, CVX, BPU.S. crude oil production surged 14% in 2012, WSJ reports
U.S. crude oil production grew by over 1M barrels a day last year, the largest increase in the world and the largest in U.S. history. In the latest sign of the shale revolution remaking world energy markets, crude production in the U.S. jumped 14% last year to 8.9M barrels a day, according to the newly released Statistical Review of World Energy, published by BP, reports the Wall Street Journal.Reference Link
06:10 EDTBPOn the Fly: Periodicals Wrap-Up
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June 11, 2013
19:21 EDTXOMRosneft, ExxonMobil finalize Arctic research agreements
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