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Stock Market & Financial Investment News

News Breaks
February 20, 2013
13:47 EDTCOP, PTRConocoPhillips announces three agreements with PetroChina
ConocoPhillips (COP) announced that it has entered into a set of agreements with PetroChina Company Ltd. (PTR) whereby PetroChina will acquire an interest in two Western Australia exploration assets and establish a Joint Study Agreement for unconventional resource development in Sichuan Basin in China. Under these agreements, which still require government and partner approvals, PetroChina will acquire a working interest in the Poseidon offshore discovery in the Browse Basin, and in the Goldwyer Shale in the onshore Canning Basin. In addition, ConocoPhillips will enter into a Joint Study Agreement to identify unconventional resource reserves in the Neijiang-Dazu Block in China's Sichuan Basin. Under the terms of the agreement with ConocoPhillips, PetroChina will acquire working interest in the two Australian projects; specifically 20 percent of Poseidon in the Browse Basin and 29% of Goldwyer in the Canning Basin. Under the JSA, ConocoPhillips and PetroChina will study the potential for unconventional resource development in the approximately 500,000 acre Neijiang-Dazu Shale Block in the Sichuan Basin. The joint study will be an important step in evaluating the potential for unconventional resource exploration in the area. If technically and commercially viable, the companies will advance development under a production sharing contract, which would be agreed upon during the study period.
News For COP;PTR From The Last 14 Days
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October 16, 2014
13:54 EDTCOPGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. 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
October 15, 2014
09:36 EDTPTRPetroChina downgraded to Neutral from Buy at UBS
07:44 EDTCOPExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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October 13, 2014
06:36 EDTCOPSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTCOPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTCOPSaudis take aggressive oil measures in Europe, WSJ says
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October 10, 2014
11:23 EDTPTRPetroChina downgraded to Sell from Hold at Societe Generale
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10:31 EDTCOPConocoPhillips files arbitration agianst PDVSA for contractual compensation
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06:22 EDTCOPConocoPhillips volatility increases as oil pulls back to multi-year lows
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October 8, 2014
09:01 EDTCOPConocoPhillips confirms start of oil production from offshore Malaysia facility
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