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Stock Market & Financial Investment News

News Breaks
November 26, 2012
08:01 EDTCOPConocoPhillips to sell stake in North Caspian Sea production sharing agreement
ConocoPhillips announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4% interest in the North Caspian Sea Production Sharing Agreement to ONGC Videsh Limited. Subject to various government approvals, Kazakhstan state preemption rights and co-venturers’ preemption rights, ONGC Videsh Limited, the international arm of Oil and Natural Gas Corporation Limited, India, would acquire ConocoPhillips’ interest in Kashagan, which is located in the Kazakh sector of the Caspian Sea. The transaction is expected to close in the first half of 2013. Expected proceeds are approximately $5B, which represents the purchase price plus expected working capital and customary adjustments at closing.
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August 17, 2014
17:56 EDTCOPBB&T, Juniper, two others look discounted, Barron's says
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August 14, 2014
16:54 EDTCOPBerkshire Hathaway gives quarterly update on stakes
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06:24 EDTCOPLibya to restart exports from Es Sider oil port, WSJ reports
Libya will resume exports from Es Sider, its largest oil port, next week following a one-year disruption, sources tell the Wall Street Journal. Es Sider's preliminary loading plans involve six 60,000 barrel tankers drawing on oil stored at the terminal, split between state-owned National Oil Co, Hess (HES), ConocoPhillips (COP) and Marathon Oil (MRO). Reference Link

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