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Stock Market & Financial Investment News

News Breaks
February 27, 2013
06:03 EDTBPRosneft expects EU approval for $55B TNK-BP bid, Reuters reports
The Russian oil producer Rosneft is expected to win unconditional EU regulatory approval for its TNK-BP takeover bid, sources say, moving it closer to completing the $55B deal, reports Reuters. Reference Link
News For BP From The Last 14 Days
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March 30, 2015
06:56 EDTBPSeadrill Partners receives notice of termination for West Sirius contract
Seadrill Partners (SDLP) has received a notice of termination from BP Exploration & Production (BP) for the contract for the West Sirius which will be effective after having completed the current well and demobilization, which Seadrill Partners estimates to be by early May. Prior to the cancellation notice, the dayrate and term for the West Sirius and West Capricorn contracts were swapped. The West Sirius dayrate was decreased by $40,000 per day and the term was decreased by two years to expire in July 2017 while the dayrate for the West Capricorn was increased by $40,000 per day and the term was extended by two years to expire in July 2019. Amortized payments for the West Capricorn such as mobilization and upgrades will continue on the original schedule ending in July 2017. In accordance with the cancellation provisions in the West Sirius contract, Seadrill Partners will receive payments over the remaining contract term, now expiring in July 2017. As a result of the termination, Seadrill Partners' backlog will decrease by approximately $160 million. After taking into consideration the expected decrease in operational expense while the unit is cold stacked, and the fact that termination fee payments will not be impacted by downtime, Seadrill Partners does not expect a material impact on its cash flow position over the contract period through July 2017.
March 27, 2015
06:37 EDTBPOil retreats after Goldman says attacks won't have much impact, Reuters reports
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06:21 EDTBPShell pulls back on Chinese operations after oil price slump, WSJ says
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March 26, 2015
06:36 EDTBPOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
March 22, 2015
17:59 EDTBPOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTBPWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTBPOil prices fall again, Reuters reports
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March 19, 2015
07:19 EDTBPKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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March 18, 2015
16:00 EDTBPOptions Update; March 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.20 to 26.10. Option volume leaders: AAPL RAD PBR TWTR FB TSLA CLF BP MGM according to Track Data.
10:03 EDTBPBP call activity attributed to renewed takeover speculation
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09:56 EDTBPRumor: BP strength attributed to takeover speculation
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07:02 EDTBPExterran nominates five new directors to board
Exterran Holdings (EXH) announced that its Board of Directors has nominated the following individuals for election to the Exterran Holdings Board at the Company’s 2015 Annual Meeting of Stockholders on April 28: Anne-Marie N. Ainsworth – former President and CEO of the general partner of Oiltanking Partners, L.P. (OILT); Frances Powell Hawes – independent financial consultant and former CFO of NCI Building Systems (NCS); James H. Lytal – independent energy consultant and former President of Gulfterra Energy Partners LP; Richard R. Stewart- former President and CEO of GE Aero Energy (GE); and Ieda Gomes Yell – Managing Director of Energix Strategy Ltd. and former President of BP Brazil (BP). “In November 2014, we announced a plan to separate Exterran’s international contract operations, international aftermarket services and global fabrication businesses into an independent, publicly traded company in the second half of 2015,” said Mark Sotir, Executive Chairman of the Board. “Our Board has nominated these additional well qualified director candidates in anticipation of certain of Exterran’s directors resigning from the Board at the time of the separation in order to join the board of directors of the new publicly traded company. We have not yet reached a final determination regarding which directors will remain on Exterran’s Board and which directors will join the board of directors of SpinCo at the time of the separation.”

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