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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:11 EDTCVX, E, TOTChevron to develop $5.6B Mafumeira Sul Project in offshore Angola
Chevron (CVX)'s Cabinda Gulf Oil Company subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola. The $5.6B Mafumeira Sul project is the second stage of development of the Mafumeira Field located in Block 0. Mafumeira Sul is expected to reach first oil in 2015 and build toward peak total daily production of 110,000 barrels of crude oil and 10,000 barrels of liquefied petroleum gas. Chevron’s subsidiary is the operator and holds a 39.2% interest in Mafumeira Sul. Chevron’s partners are Sonangol E.P. (41%), Total (TOT) (10%) and ENI (E) (9.8%).
News For CVX;TOT;E From The Last 14 Days
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May 23, 2013
06:17 EDTTOTPapua New Guinea’s Oil Search a takeover target, Bloomberg reports
Papua New Guinea’s Oil Search (OISHY) has the fastest revenue growth in the oil industry and now may be attracting a number of suitors, from Exxon Mobil (XOM) to Total (TOT) to Woodside Petroleum (WOPEY), reports Bloomberg. Reference Link
May 20, 2013
08:08 EDTCVXEU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link
05:40 EDTCVXU.S. oil futures rally as many commodities decline, WSJ reports
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May 16, 2013
06:03 EDTCVXYPF, Chevron agree to terms of Argentina shale investment, Reuters reports
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May 15, 2013
18:31 EDTCVXEcopetrol submits highest bids for three exploratory blocks in Brazil
Ecopetrol (EC) announces that it submitted the highest bids for three exploratory blocks in the 11th bidding round carried out yesterday by the ANP of Brazil in Rio de Janeiro. Ecopetrol has a 100% interest in the highest bids for the POT-M-567 and FZA-M-320 blocks and a 50% interest in the highest bid for the CE-M-715 block, which it submitted with Chevron (CVX) Brasil Ventures. The three blocks comprise an area of approximately 1,862 sq kilometers in the Potiguar, Foz de Amazonas and Ceara offshore basins.
08:38 EDTCVXWTI crude falls for a fith consecutive day, Bloomberg reports
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May 14, 2013
16:00 EDTCVXOptions Update; May 14, 2013
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07:10 EDTCVXIEA says North American oil will dominate world supply growth, WSJ reports
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