New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 13, 2014
07:05 EDTCOP, CVXChevron to proceed with development of Alder Field in Central North Sea
Chevron Corporation (CVX) announced that its U.K. subsidiary, Chevron North Sea Limited, has reached a final investment decision and received approval from the U.K. government to proceed with the development of the Alder Field in the Central North Sea. The project has a planned design capacity of 110 million cubic feet of natural gas and 14,000 barrels of condensate per day. First production is expected in 2016. The field will be developed via a single subsea well tied back to the existing Britannia Platform, a distance of 17 miles. Chevron North Sea Limited operates the project and has a 73.684% interest, with co-venturer ConocoPhillips (COP), with a 26.316% interest.
News For CVX;COP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 22, 2015
12:13 EDTCOPStone Energy to abandon Harrier prospect in Gulf of Mexico
Subscribe for More Information
10:48 EDTCOPConocoPhillips exploring sale of some North Sea assets, Bloomberg reports
ConocoPillips is weighing the sale of some of its Norway North Sea assets, Bloomberg reports, citing two sources. The oil producer may look to sell stakes in the Aasta Hansteen, Alvheim and Grane fields, assets in Norway that are operated by others, the sources say. Reference Link
08:44 EDTCOPConocoPhillips updates Angola, Gulf of Mexico drilling results
ConocoPhillips announced the Omosi-1 deepwater exploration well in Block 37 offshore Angola in the Kwanza Basin has been drilled to a total depth of 20,666 feet. A gas column of approximately 525 feet was encountered in the primary objective reservoir. No further activity is planned. The well has been plugged and abandoned. In the deepwater Gulf of Mexico, the Harrier prospect in Mississippi Canyon Block 118 has been drilled to a total depth of 19,400 feet. No commercial hydrocarbons were encountered. The well will be plugged and abandoned. Stone Energy Offshore, L.L.C. was a non-operating co-owner in the Harrier prospect. An after-tax charge relating to the two wells of approximately $142M net to ConocoPhillips will be recorded to dry hole expense in the first quarter of 2015. The total before-tax exploration expense for the quarter is estimated to be $482M, which includes dry hole, leasehold impairment, G&A, and G&G expense.
April 21, 2015
14:31 EDTCOPConocoPhillips mulls sale of three non-operated fields, Bloomberg says
The sale may fetch up to $1B, added Bloomberg.
12:59 EDTCVX, COPExxon Mobil CEO sees continued pressure on oil prices, WSJ says
Subscribe for More Information
07:22 EDTCVXOceaneering cut to sell following recent rally at Jefferies
Jefferies downgraded Oceaneering (OII) to Underperform from Hold citing the recent rally in shares and its lowered order outlooks across its subsea hardware coverage. Underperform is the firm's equivalent to a sell rating. It cut its price target for shares to $49 from $52. Oceaneering closed Monday's trading up 45c to $57.56. Jefferies calls Chevron (CVX) and Galp Energia its top stock picks in the integrated oil sector.
April 20, 2015
09:36 EDTCVXActive equity options trading on open
Subscribe for More Information
08:32 EDTCOPBofA/Merrill European strategists hold an analyst/industry conference call
Subscribe for More Information
06:06 EDTCVXChevron to face off against lawyer in appears court, WSJ reports
Subscribe for More Information
April 17, 2015
08:29 EDTCOP, CVXU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
April 14, 2015
06:40 EDTCVX, COPU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
Subscribe for More Information
April 13, 2015
11:16 EDTCOPConocoPhillips looks to sell noncore U.S. acreage, Reuters says
Subscribe for More Information
April 12, 2015
16:49 EDTCVX, COPIEA says Iran nuke deal to have limited impact on supply for years, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use