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Stock Market & Financial Investment News

News Breaks
November 19, 2012
13:03 EDTBPBP doubles Trinidad find with discovery of 1 trillion cubic feet of gas
BP Trinidad & Tobago announced that it has discovered an estimated 1 trillion cubic feet, or tcf, of gas offshore Trinidad, doubling the estimated gas in place of the Savonette gas field, to 2tcf. BPTT made the announcement during a meeting in London between Minister of Energy and Energy Affairs, Kevin Ramnarine; Trinidad and Tobago’s High Commissioner to London, Garvin Nicholas; and BP representatives. The Savonette field was discovered in 2004 by the Chachalaca exploration well and began production in 2009 through a normally unmanned platform built in Trinidad at TOFCO. Based on the success of the Savonette 4 well, bpTT is proposing to drill a further two development wells into the Savonette reservoirs. The gas discovered began production in October, with the Savonette 4 well currently flowing at approximately 225 million standard cubic feet of gas a day, ramping up to 250mmscf/d. If successful, the two additional development wells are also expected to be brought into production over the next year to eighteen months.
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July 31, 2014
06:35 EDTBPOil companies say Russia sanctions could be headwind, NY Times reports
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July 29, 2014
13:18 EDTBPEU to hit Russia with new sanctions, Washington Post says
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07:41 EDTBPBP core business performed well in Q2, says Jefferies
Jefferies says BP's core businesses generally performed well in Q2 and that its view of the stock is unchanged following the quarterly results. It keeps a Buy rating on BP shares with a $55 price target.
05:53 EDTBPBP sees Q3 reported production lower than Q2
BP said, "The end of the Abu Dhabi concession in January 2014 together with divestment impacts, however, meant that reported Upstream production, at 2.1 million barrels of oil equivalent a day (mmboed), was 6% lower. Reported production in the third quarter is expected to be lower due primarily to turnaround and seasonal maintenance activities."
05:52 EDTBPBP reports Q2 EPS $1.18, consensus $1.12
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July 23, 2014
07:58 EDTBPBP management to meet with ISI Group
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06:36 EDTBPEU fails to impose tough sanctions on Russia, NY Times says
EU foreign ministers failed to impose any tough sanctions against Russia during a meeting of the bloc's foreign ministers yesterday, according to The New York Times. Given their dependence on Russia's energy, EU countries have "largely decided" they "have to live with" Russia, the newspaper stated. Significant Russian companies include Gazprom (OGZPY), Lukoil (LUKOY) and Yandex (YNDX), while BP (BP) has a 20% stake in major Russian energy company Rosneft. Reference Link
July 22, 2014
06:29 EDTBPEU weighing new sanctions on Russia, NY Times says
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July 21, 2014
08:16 EDTBPFMC Technologies signs agreement to develop susbsea equipment and systems
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