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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:37 EDTXOM, TOT, CVX, MRO, STO, COP, ENB, IMOCanada approves Enridge pipeline but hurdles remain, NY Times reports
The Canadian government approved a major pipeline being built by Enbridge (ENB) that would enable oil from the country's Alberta oil sands deposits to be exported to Asia, according to The New York times. But opponents in the province of British Columbia are threatening to block the project, with native groups there saying they will take legal action to stop it, the newspaper added. However, Enbridge yesterday said it was "on track" to meet the province's conditions for the project. Among the companies that have Canadian oil sands assets are Imperial Oil (IMO), ExxonMobil (XOM), Total (TOT), Chevron (CVX), Marathon (MRO), Statoil (STO), ConocoPhillips (COP), and Suncor (SU). Reference Link
News For ENB;IMO;XOM;TOT;CVX;MRO;STO;COP From The Last 14 Days
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August 18, 2014
19:26 EDTENBU.S. Court says Enbridge midwest pipeline can move forward, Bloomberg reports
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14:54 EDTENBU.S. Court says Enbridge midwest pipeline can move forward, Bloomberg reports
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August 17, 2014
17:56 EDTCOPBB&T, Juniper, two others look discounted, Barron's says
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August 14, 2014
16:54 EDTCOPBerkshire Hathaway gives quarterly update on stakes
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06:24 EDTCOP, MROLibya to restart exports from Es Sider oil port, WSJ reports
Libya will resume exports from Es Sider, its largest oil port, next week following a one-year disruption, sources tell the Wall Street Journal. Es Sider's preliminary loading plans involve six 60,000 barrel tankers drawing on oil stored at the terminal, split between state-owned National Oil Co, Hess (HES), ConocoPhillips (COP) and Marathon Oil (MRO). Reference Link
August 12, 2014
08:44 EDTCVXShell to reduce 250 Aberdeen employees, FT says
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07:46 EDTXOMJacobs receives contract from Exxon Mobil
Jacobs Engineering (JEC) announced that it was awarded a contract from ExxonMobil (XOM)Chemical to provide engineering, procurement and construction services as part of a multi-billion dollar ethane cracker project in ExxonMobil’s Baytown, Texas complex and associated premium product facilities in Mont Belvieu, Texas. Company officials did not disclose the contract value. Under the terms of the contract, Jacobs is providing site enabling works and interconnections services for the two sites. Jacobs’ scope of work includes site preparation of 350 acres for the ethane cracker in Baytown and 100 acres for the product facilities in Mont Belvieu.
August 11, 2014
17:42 EDTCVXChevron awarded $104.46M government contract
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17:37 EDTXOMExxon Mobil awarded $373.92M government contract
Exxon Mobile Fuels Lubricants & Specialties Marketing Co. has been awarded a maximum $373.92M fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for aviation turbine fuel and naval fuel. This contract was a competitive acquisition with 16 offers received. This is a one-year base contract with a 30-day carry-over period and no option periods. Locations of performance are Virginia and California, with an Oct. 30, 2015 performance completion date. Using service is Defense Logistics Agency Energy.
09:31 EDTXOMExxon Mobil management to meet with Oppenheimer
Meeting to be held in the Midwest on August 13 hosted by Oppenheimer.
08:37 EDTMROMarathon Oil signs exploration, production sharing contract for Gabon Block G13
Marathon Oil, through its wholly owned subsidiary Marathon Oil Exploration, announced it has signed an exploration and production sharing contract, or EPSC, for Gabon offshore Block G13, which was named Tchicuate upon signing, located in the deepwater, pre-salt play. The company was the high-bidder on the block in Gabon's licensing round in October 2013. The Tchicuate Block encompasses 275,000 acres with water depths ranging from approximately 3,250 to 8,250 feet. It is located approximately 50 miles offshore the coast of Gabon and near proven shallow-water, pre-salt oil discoveries. Marathon Oil holds a 100% participating interest and operatorship in the block. In the event of development, the Republic of Gabon will assume a 20% financed interest in the contract upon commencement of production. The State holds additional rights to participate in the block in the future as a co-investor. Marathon Oil also holds a 21.25% working interest in the non-operated Diaba License G4-223, encompassing 2.2M gross acres, where the Diaman-1B discovery was made in 2013.
August 8, 2014
10:35 EDTXOMSeadrill announces commitment for West Saturn unit
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August 7, 2014
11:57 EDTXOMExxon Mobil evacuating staff from Kurdistan, Reuters says
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08:36 EDTCOPConocoPhillips weakness creates favorable entry point, says Argus
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07:46 EDTTOTW.P. Carey completes $114M acquisition of Total's Norway headquarters
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