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Stock Market & Financial Investment News

News Breaks
March 13, 2013
14:37 EDTCVXChevron pipeline shut down after being hit by tug, starting fire
The Coast Guard continues to respond to a report of an allision between a tug pushing a barge resulting in a pipeline fire near Bayou Perot 30 miles south of New Orleans. ES & H, the oil spill response organization, is on scene and has mobilized 7,218 feet of containment boom and 6,000 feet of 18-inch containment boom, one cabin boat, five responder class boats, one Marco skimmer and two 24-foot express hull vessels in response to the incident. There is a one mile by 75 foot-wide sheen reported in the vicinity of the tug and barge. The owner of the pipeline is Chevron (CVX), and the owner of the barge is Setoon Towing. The pipeline was shut in Tuesday evening, and the fire will diminish as the product diminishes. Reference Link
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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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