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Stock Market & Financial Investment News

News Breaks
May 13, 2014
06:58 EDTSTO, TOT, ENB, SU, MRO, XOM, COP, CVX, TRPCanadian oil pipelines facing hurdles, NY Times says
As the Keystone Pipeline remains stuck in regulatory limbo, oil companies are looking to construct new pipelines that would enable them to export oil from Canadian oil sands deposits, according to The New York Times. But the critical Northern Gateway pipeline, in particular, has been opposed by Native Canadian groups and the town of Kitimat, which is supposed to serve as the port terminal for the pipeline, the newspaper stated. Enbridge (ENB) is looking to build the Northern Gateway pipelines. Meanwhile, a Canadian pipeline proposed by TransCanada (TRP) has been opposed by environmentalists, the newspaper stated. 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;TRP;XOM;TOT;CVX;MRO;STO;COP;SU From The Last 14 Days
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March 19, 2015
07:19 EDTTOT, XOM, COP, CVXKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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07:04 EDTXOMAmerican Express confirms plans to launch Plenti loyalty program
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05:40 EDTSTOStatoil reports annual equity production of 1.93 Mboepd in FY14
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March 18, 2015
09:56 EDTCVXRumor: BP strength attributed to takeover speculation
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06:16 EDTXOMAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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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 EDTTOT, XOM, COP, CVXOPEC sees oil prices to hit U.S. oil output by late 2015, Reuters says
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09:36 EDTSTOEOG Resources could be a target for Statoil, Houston Business Journal 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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05:56 EDTTOTTotal looking to sell 20% stake in North Sea gasfield, Financial Times reports
Total is auctioning a stake in a North Sea gasfield, reports the Financial Times. The company is looking to sell a 20% stake in Laggan-Tormore, a deepwater project considered to be a prime asset in the energy group's portfolio. Total would continue to operate the field, with peak production expanded to be 500m cubic feet a day. Reference Link
March 13, 2015
16:28 EDTSTO, XOMWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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15:54 EDTXOMWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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08:36 EDTXOMHoward Hughes sees 507 new hotel rooms in FY15
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06:32 EDTCOP, CVX, XOM, TOTIEA says oil price pressure likely to resume, Reuters reports
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06:29 EDTTOT, COP, CVX, XOMOil companies reach tentative agreement with union, WSJ says
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05:18 EDTXOMExxon Mobil CEO says U.S. needs to 'make regulatory process less burdensome'
The U.S. government needs to adjust its energy policies to ensure that America can realize all the benefits of the new era of energy abundance, Rex Tillerson, chairman and CEO of Exxon Mobil said Thursday. “We need sound energy policies – policies equal to the innovation that has redefined the modern energy landscape,” Tillerson said in an address to The Economic Club of Washington. “It is time to build policies that reflect our newfound abundance – that view the future with optimism, that recognize the power of free markets to drive innovation, and that proceed with the conviction that free trade brings prosperity and progress.” As examples, Tillerson said that Congress and the White House need to enable U.S. exports of oil and natural gas, approve the Keystone XL pipeline, and make the regulatory process less burdensome and more transparent. “With free trade in energy and common-sense regulatory reforms, the U.S. energy industry can strengthen U.S. energy security and continue to pioneer the innovations that make possible the safe and responsible development of energy,” Tillerson said. “No one can say for sure how the industry will evolve next or where it will go – but one of the enduring lessons of our industry is that sound policy rewards wide and disciplined investments, spurs economic growth and improved environmental performance, and leads to greater peace and prosperity.” A major driver in the industry’s expansion, Tillerson said, has been breakthroughs in the integration of hydraulic fracturing and horizontal drilling, a renaissance that is now bringing economic benefits to all 48 states in the continental U.S. along with unanticipated environmental gains. “Because natural gas emits up to 60 percent less carbon dioxide than other major sources when used for power generation, our abundant and reliable supplies have been instrumental in reducing our nation’s carbon dioxide emissions to levels not seen since the early 1990s,” Tillerson said. He noted that industry has a responsibility to meet the two-pronged challenge of providing for the world's energy needs while protecting the environment. “The global economy will need sound economic reasoning and more sensible policies to fully leverage this moment to meet the energy and environmental challenges of the future,” said Tillerson.
March 12, 2015
13:14 EDTCVX, TOT, XOMShell, BP, Total oil trading divisions may yield profit boost, Bloomberg says
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12:05 EDTXOMExxon Mobil resumes drilling at Point Thomson
ExxonMobil announced that it has resumed drilling at Point Thomson on Alaska’s North Slope as construction continues toward bringing the initial production system online. The initial production system is designed to produce up to 10,000 barrels per day of natural gas condensate and is scheduled for startup in 2016. Two injection wells will work in tandem with a production well, cycling up to 200M cubic feet of natural gas per day through an onsite central processing facility. The condensate will then be transported by a 22-mile pipeline to the Trans-Alaska Pipeline System. The Point Thomson reservoir holds an estimated 8T cubic feet of natural gas and associated condensate, a high quality hydrocarbon similar to kerosene or diesel. The gas represents 25% of known gas resources on the North Slope and could be used to partially underpin the proposed Alaska LNG project. Potential future development will depend on a range of factors such as business considerations, investment climate and the fiscal and regulatory environment. As of year-end 2014, ExxonMobil and working interest owners have invested more than $2.6B in the development of Point Thomson. About 70% of that amount has been spent in Alaska. More than 70 Alaska companies have contributed to the success of the project, with more than 800 people working on-site and an additional several hundred around the state. Winter construction continues with the opening of a 50-mile ice road from Deadhorse to central pad. Point Thomson is located on state acreage along the Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik.
07:22 EDTXOMEconomics Club of Washington, D.C. to hold a dinner meeting
Chairman and CEO Tillerson of Exxon Mobil is the guest speaker at a dinner meeting being held in Washington, D.C. on March 12 at 7 pm.
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