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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
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March 27, 2015
06:37 EDTCVX, COPOil retreats after Goldman says attacks won't have much impact, Reuters reports
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05:17 EDTCVXChevron sells interest in Caltex Australia
Chevron's wholly owned subsidiary Chevron Global Energy announced that it has entered into an underwriting agreement for the sale of its 50% shareholding in Caltex Australia Limited, or CAL. It is expected that these shares will be sold to a broad range of Australian and global equity market institutional investors. The announcement does not alter Chevronís focus on moving the Gorgon and Wheatstone liquefied natural gas, or LNG, projects towards start-up. Chevron is one of Australiaís largest foreign investors and is the largest holder of natural gas resources in the country.
March 26, 2015
09:17 EDTCVXChevron volatility flat, WTI trades above $51
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06:36 EDTCVX, COPOil 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 EDTCVX, COPOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTCOP, CVXWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTCOP, CVXOil prices fall again, Reuters reports
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March 19, 2015
09:37 EDTCVXActive equity options trading on open
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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 EDTCOP, CVXKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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March 18, 2015
09:56 EDTCVXRumor: BP strength attributed to takeover speculation
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March 17, 2015
08:31 EDTCOPConocoPhillips sees volume growth of 2%-3% in 2015
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March 16, 2015
11:11 EDTCVX, COPOPEC sees oil prices to hit U.S. oil output by late 2015, Reuters says
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09:26 EDTCVXAtwood Oceanics Atwood Osprey to be out of service for 30 days due to cyclone
Atwood Oceanics (ATW) announced that its semisubmersible drilling unit, the Atwood Osprey, parted several mooring lines and drifted approximately three nautical miles from its original position during Cyclone Olwyn, which impacted the northwest coast of Australia on March 12. The rig is currently stable with a support vessel in position, and preliminary results indicate minimal damage with an estimated maximum of 30 days out of service time for repairs. No rig personnel were injured in the event. The Atwood Osprey is contracted to Chevron Australia (CVX) and was on location at the Iago 1B well. The well had been shut down and secured in accordance with Chevron's cyclone demobilization procedures and the rig had ballasted down and evacuated all its rig personnel in advance of the cyclone. Atwood Oceanics is coordinating its efforts with Chevron, the Australian offshore regulator and other affected parties.
08:06 EDTCVXCB&I awarded technology and FEED contracts for coker unit
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March 13, 2015
06:32 EDTCVX, COPIEA says oil price pressure likely to resume, Reuters reports
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06:29 EDTCVX, COPOil companies reach tentative agreement with union, WSJ says
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