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Stock Market & Financial Investment News

News Breaks
June 3, 2014
04:55 EDTCOP, COP, BP, BP, SPN, SPN, STO, STO, TKPPY, TKPPY, HAL, HALCredit Suisse to hold a conference
Global Energy Conference to be held in London, England on June 3-4.
News For COP;BP;SPN;STO;TKPPY;HAL From The Last 14 Days
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September 16, 2014
05:29 EDTTKPPYTechnip awarded significant contract for new refinery units by BAPCO
Technip was awarded a significant contract on a reimbursable basis by the Bahrain Petroleum Company, or BAPCO, to develop the Front-End Engineering Design, or FEED, of the refinery located in the Kingdom of Bahrain. The FEED contract covers four main work packages that include units aimed at processing the “bottom of the barrel” components to high value products, and all associated offsites and utilities to provide seamless integration with existing refinery facilities earmarked for retention post this major modernization. The project aims at enhancing the refinery configuration, by increasing the throughput from 267,000-360,000 barrel per day as well as improving the product slate and profitability. Technip’s operating center in Rome, Italy, in cooperation with Technip’s operating center in Abu Dhabi, United Arab Emirates, will execute the contract, scheduled to be completed at the end of 2015.
September 15, 2014
20:02 EDTCOP, BPConocoPhillips auctioning 24% stake in the Clair oilfield, FT reports
ConocoPhillips (COP) has hired banks to sell its 24% stake in UK's largest oilfield, The Financial Times reports, citing people familiar with the matter. The 24% stake could be valued between $2B-$3B, the people added. The Clair oilfield sits in Scottish territorial waters, and Conoco's interest in exiting the project is a sign of the challenges facing the North Sea oil industry, The Financial Times added. BP (BP) operates the Clair oilfield and owns a 28.6% stake, Royal Dutch Shell (RDS.A) controls a 28.6% stake, and Chevron (CVX) controls a 19% stake. Reference Link
September 12, 2014
15:48 EDTHALSchlumberger favored to win Petrobras service contract, Bloomberg reports
Schlumberger (SLB) is favored to win half of the well services work being offered by Petrobras (PZE) which is valued at more than $2B, Bloomberg says, citing two people with knowledge of the tender. Schlumberger had submitted the most competitive bid for 50% of the well services work, Halliburton (HAL) had placed the lowest-cost bid for 30% of the work, and Baker Hughes (BHI) is set to win the remaining 20% of the work, the people added. Reference Link
10:51 EDTBPBP signs 17-year LNG deal with Tokyo Electric
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05:26 EDTSTOStatoil exits two assets on NCS for $1.3B
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September 11, 2014
05:54 EDTSPNSuperior Energy management to meet with Sterne Agee
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05:20 EDTTKPPYTechnip awarded subsea contract for Kodiak project in Gulf of Mexico
Technip was awarded by Deep Gulf Energy II a lump sum contract for the development of the Kodiak field, located in Mississippi Canyon Blocks 727 and 771, in the Gulf of Mexico, at water depths ranging from 1,472 meters to 1,710 meters. The project consists of a subsea tie-back to the Devils Tower Truss Spar located in Mississippi Canyon Block 773. To withstand Kodiak field’s high temperature and pressure as well as extremely corrosive production fluids, the pipeline will be of a bi-metallic construction, lined with corrosion resistant alloy. This solution effectively addresses the challenges of increasingly demanding operating conditions.
September 10, 2014
17:04 EDTBPOceaneering's contract with BP Angla extended
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09:07 EDTSTOGE, Statoil, Ferus Natural Gas Fuels announce pilot project expansion
A joint venture of GE (GE) and Ferus Natural Gas Fuels,along with Statoil (STO) announced the planned expansion of a pilot project to capture flare gas and use it to power up to six of Statoil’s drill rigs and one frac fleet in North Dakota. The expansion is the first step by Statoil to move into full commercial adoption of the GE and Ferus NGF joint venture’s Last Mile Fueling Solution, which is expected to reduce emissions and provide cost-savings and logistics solutions for the company’s Bakken oilfield operations. The company anticipates this new commercial expansion will increase its flare gas capture to between 3M-5M standard cubic feet per day by the end of 2014, equating to GHG emissions reductions of between 120K and up to 200K metric tons per year, or the equivalent of removing between 25K-45K cars from the road.
08:22 EDTCOP, BPBofA/Merrill oil and gas analysts hold an analyst/industry conference call
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07:39 EDTBPBP says North Sea prospects best served by maintaining integrity of U.K.
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September 9, 2014
10:10 EDTCOPOn the Fly: Analyst Upgrade Summary
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07:47 EDTBPBP weakness overdone, says Oppenheimer
After BP (BP) was found 67% culpable and grossly negligent for the Gulf oil spill, Oppenheimer thinks the case could drag on for years, while the company may have to pay less than the maximum possible Clean Water Act fine of $17.6B. Additionally, the firm says that the company could make the payment over an extended period. Oppenheimer reduced its price target on the name to $55 from $60 but keeps an Outperform rating on the shares.
07:40 EDTCOPConocoPhillips upgraded to Neutral from Underperform at BofA/Merrill
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07:18 EDTHALStephens to hold an investor trip
Energy: Oilfield Services Investor Plane Trip travels throughout Texas and Oklahoma on September 9-10.
05:29 EDTTKPPYTechnip awarded substantial EPIC contract for Juniper project
Technip has been awarded a substantial Engineering, Procurement, Installation, Construction, or EPIC, lump sum contract by BP Trinidad and Tobago for the development of the Juniper project, to be located off the Southeast coast of Trinidad. The scope of work consists of design, detailed engineering, procurement, construction, load out and mechanical completion of: 4,300 short ton topsides that can process 590M standard cubic feet per day of gas, 6,100 short ton jacket. The contract will also cover the design, detailed engineering, procurement, fabrication, transport, installation and pre-commissioning of: 5 off, 10” and 8” internal diameter flexible flowlines, 26” outside diameter , 10km concrete coated rigid subsea pipeline, an extensive diving campaign to support clients LNG train and field turnaround, large number of subsea structures and tie-in spools. Additionally, it includes the transport and installation of client supplied umbilicals, trees and flying leads.
September 8, 2014
14:46 EDTSTODrilling of Statoil well off Norway held up by Greenpeace gripe, Bloomberg says
Drilling of Statoil's first well off Norway in the Barents Sea may be delayed following a complaint from Greenpeace, Bloomberg reports. Drilling can't begin until the Norwegian Environment Agency handles the appeal this week, Bloomberg added, citing an e-mail from Reidar Evensen, a spokesman for the agency. Greenpeace says the arctic well being pursued by Statoil is an oil-spill hazard and that "the field is too close to vulnerable resources such as Bear Island and the the ice edge." Reference Link
07:26 EDTBPHigher potential damages could pressure BP to settle, WSJ reports
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06:52 EDTBPUK urges U.S. Supreme Court to examine BP Gulf spill decisions, Reuters says
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06:00 EDTBPStocks with implied volatility movement; BP XLP
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