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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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March 30, 2015
07:16 EDTCOPConocoPhillips initiates process for divestiture of oil and gas assets in Canada
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March 27, 2015
06:37 EDTCOPOil retreats after Goldman says attacks won't have much impact, Reuters reports
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06:21 EDTPTRShell pulls back on Chinese operations after oil price slump, WSJ says
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06:12 EDTPTRPetroChina in active discussions to swap Canadian assets, Financial Times says
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March 26, 2015
06:36 EDTCOPOil 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 23, 2015
13:28 EDTCOPConocoPhillips calls active into investor meeting
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March 22, 2015
17:59 EDTCOPOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTCOPWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTCOPOil prices fall again, Reuters reports
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March 19, 2015
07:45 EDTCOPSenate Energy & Natural Resources Committee to hold a hearing
The Committee holds a hearing entitled, "U.S. Crude Export Policy" with Senior Vice President of IHS, Carlos Pascual and Chairman & CEO of ConocoPhillips, Ryan Lance on March 19 at 10 am. Webcast Link
07:19 EDTCOPKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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