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Stock Market & Financial Investment News

News Breaks
October 9, 2012
07:58 EDTCVX, FLR, RDS.B, MRO, RDS.AFluor to build Shell's Quest Carbon Capture facility in Canada
Fluor Corporation (FLR) announced that Shell (RDS.A) selected the firm as its engineering, procurement and construction contractor for Shell’s carbon capture facility for its flagship Carbon Capture and Storage Quest project at the Athabasca Oil Sands project in Alberta, Canada. The Quest project is being built on behalf of the Athabasca Oil Sands Project joint venture owners -- including Shell, Chevron (CVX) and Marathon Oil (MRO) -- with support from the Canadian and Alberta governments. Fluor booked the undisclosed contract value in Q3.
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May 23, 2013
08:44 EDTMROMarathon Oil provides divestiture update
As previously announced, Marathon Oil had engaged in discussions with respect to a potential sale of a portion of the company's 20% outside-operated interest in the Athabasca Oil Sands Project, or AOSP, in Alberta, Canada. An agreement was not reached with the prospective purchaser and negotiations have been terminated. Marathon Oil is not engaged in further discussions with respect to a potential sale of these assets; however, the Company will continue to evaluate ways to optimize its portfolio for profitable growth and to deliver value to shareholders. As such, the Company's stated goal of divesting between $1.5B-$3B in assets over the period of 2011 through 2013 remains intact. As of May 22, Marathon Oil has agreed upon or closed on approximately $1.3B in divestitures.
May 21, 2013
07:36 EDTMROUBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast 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
07:41 EDTMROMitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23.
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.
17:18 EDTMROBP Capital gives quarterly update on stakes
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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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07:23 EDTBOppenheimer to host a summit
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07:10 EDTCVXIEA says North American oil will dominate world supply growth, WSJ reports
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