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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:11 EDTCVX, TOT, EChevron 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. Chevronís subsidiary is the operator and holds a 39.2% interest in Mafumeira Sul. Chevronís 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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September 29, 2014
08:32 EDTCVXEnLink Midstream to acquire Gulf Coast natural gas pipeline systems for $235M
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07:43 EDTCVXYPF CEO seeks faster non-conventional development, WSJ reports
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September 26, 2014
09:41 EDTTOTTotal management to meet with JPMorgan
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September 25, 2014
15:48 EDTTOTTotal to sell 17% interest in Gulf of Mexico Tahiti oil field, Reuters says
According to people familiar with the matter, Total has begun a process to liquidate its 17% stake in the Gulf of Mexico's Tahiti oil field, Reuters says. The sale could be worth approximately $1.5B-$2B, Reuters added. Reference Link
12:22 EDTEEni SpA awarded three new exploration licenses in Egypt
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September 23, 2014
10:17 EDTTOTAmyris rises after reporting KLM plans use of renewable jet fuel
Shares of Amyris (AMRS) are rising in early trading after the company stated on its corporate Twitter account last night that KLM intends to use a renewable jet fuel from Amyris and Total (TOT). Shares of Amyris are up 4% to $4.10 in early trading following last night's Tweet from the company. Reference Link
10:02 EDTCVXOn The Fly: Analyst Initiation Summary
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08:54 EDTTOTTotal sells 25% interest in Cardinal Gas Services to Korean consortium
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08:15 EDTTOTEV Energy to divest 9% interest in Cardinal Gas Services
EV Energy Partners announced it has signed an agreement to divest its 9% interest in Cardinal Gas Services to E1 and a Korean consortium led by Samchully for $162M, which includes estimated purchase price adjustments of approximately $18M. This sale is being made in conjunction with TOTAL E&P USA (TOT), which has also agreed to divest its 25% interest in CGS. The transaction is expected to close in mid-October and is subject to regulatory approval, tag-along rights and approval of the other member of CGS, as well as customary closing conditions and purchase price adjustments. Upon closing, EVEP intends to use the net proceeds of the disposition to repay amounts outstanding under its revolving credit facility.
06:04 EDTCVXChevron initiated with a Neutral at JPMorgan
Target $133.
September 22, 2014
11:49 EDTTOTRubis in exclusive talks for Total 50% stake in SARA refinery
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06:43 EDTTOTTotal now sees producing 2.8M boepd in 2017
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September 19, 2014
18:30 EDTTOTTotal may consider spin-off of gas station business, Bloomberg reports
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12:24 EDTCVXChevron looks to sell Hawaiian oil refinery, Bloomberg says
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07:40 EDTTOTLukoil evaluating impact of sanctions on Total jv, Reuters reports
The CEO of Lukoil (LUKOY) said the company is evaluating the impact of U.S. and European sanctions on its joint venture with Total (TOT), with which the Russian company is developing the Yamal LNG project and was planning to drill for tight oil in Siberia, reported Reuters. Reference Link
06:31 EDTTOTTotal receives offer from Arkema for Bostik adhesives affiliate
Total has received an offer from the French group Arkema to acquire its Bostik affiliate, a global adhesives company. Arkemaís offer values Bostik at EUR1.74B, or around $2.25B, representing 11 times the companyís EBITDA. In light of the quality of the project, Total has granted Arkema an exclusivity period to pursue the offer, and it will be presented to the relevant employee representatives, as part of the required information and consultation procedures. Arkemaís offer for Bostik includes clear undertakings to continue operations sustainably and safeguard existing jobs and employee benefits. The proposed transaction is subject to approval by the relevant antitrust authorities.
September 18, 2014
12:23 EDTEEni makes oil discovery in Ecuador, estimates suggest 300M barrels of oil
Eni has made a significant oil discovery in Ecuador at the Oglan-2 exploration well located in Block 10, approximately 260 kilometers southeast of Quito. Early estimates suggest that the Oglan discovery potentially contains about 300M barrels of oil in place. The well, drilled to a total depth of 6,450 feet, encountered a 236 foot net crude oil column. During a production test, constrained by surface facilities, the well flowed at 1,100 barrels of oil per day. The data acquired in Oglan well indicate a production capacity per well up to 2,000 barrels of oil per day. Eni will immediately begin the studies for the commercial exploitation of the Oglan discovery. Reference Link
September 16, 2014
13:40 EDTCVXChevron alternative fuel research unsuccessful, Bloomberg says
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10:47 EDTTOT, CVXBadri sees OPEC lowering oil output target at next meeting, Reuters says
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