News Breaks |
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| March 19, 2013 |
| 08:02 EDT |  | BP, FTI | FMC Technologies awarded subsea contract for BP's Mad Dog Phase 2
FMC Technologies (FTI) announced that it has signed a contract with BP (BP) for the manufacture and supply of subsea equipment to support the Mad Dog Phase 2 field development. The Mad Dog Phase 2 field development is located near Green Canyon Block 825 of the Gulf of Mexico, 150 miles south of New Orleans in about 5,100 feet of water. Under the initial contract, FMC Technologies will supply subsea trees, manifolds, and jumper equipment. |
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News For FTI;BP From The Last 14 Days Check below for free stories on FTI;BP the last two weeks. |
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| May 19, 2013 |
| 13:00 EDT |  | FTI | Energy Departmant authorizes second proposed facility to export LNG
The Energy Department announced on Friday that it has conditionally authorized Freeport LNG Expansion, and FLNG Liquefaction, Freeport, to export domestically produced liquefied natural gas, LNG, to countries that do not have a Free Trade Agreement, FTA, with the United States from the Freeport LNG Terminal on Quintana Island, Texas. Freeport previously received approval to export LNG from this facility to FTA countries on February 10, 2011. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to 1.4 billion cubic feet of natural gas a day, Bcf/d, for a period of 20 years. The Department granted the first authorization to export LNG to non-FTA countries in May 2011 for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana at a rate of up to 2.2 Bcf/d. Reference Link |
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| May 17, 2013 |
| 16:21 EDT | | BP | On The Fly: Closing Wrap
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| 13:09 EDT | | BP | Tesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. |
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| May 16, 2013 |
| 14:46 EDT |  | BP | Tesoro may take over BP California assets as soon as June 1, Reuters says
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| 14:32 EDT | | BP | Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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| 08:01 EDT | | FTI | FMC Technologies receives subsea equpiment order from ExxonMobil
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| 07:11 EDT | | BP | BP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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| 06:08 EDT | | BP | On the Fly: Periodicals Wrap-Up
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| May 15, 2013 |
| 08:38 EDT | | BP | WTI crude falls for a fith consecutive day, Bloomberg reports
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| 08:02 EDT | | FTI | FMC Technologies awarded $26M subsea equipment order from ConocoPhillips
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| 05:55 EDT | | BP | EU inspects firms in oil investigation, WSJ reports
EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link |
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| May 14, 2013 |
| 11:08 EDT | | BP | BP says involved in EC probe, cooperating with investigation, Bloomberg reports
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| 07:16 EDT |  | FTI | Citigroup to host a conference
2013 Global Energy & Utilities Conference is being held in Boston on May 14-16. |
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| 07:10 EDT | | BP | IEA says North American oil will dominate world supply growth, WSJ reports
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| May 7, 2013 |
| 16:01 EDT |  | BP | Options Update; May 7, 2013
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| May 6, 2013 |
| 09:27 EDT | | BP | BP announces asle of interest in Polvo field, Brazil for $135M
BP announced that it has agreed to sell its 60% interest in the Polvo oil field in Brazil to HRT Oil & Gas Ltda for $135M in cash. Subject to regulatory approvals, BP expects the deal to close in the second half of 2013. The Polvo field is located in the southern part of Campos basin, approximately 100 kilometres off the coast of Rio de Janeiro, in water depths of around 100 metres. Commercial production started in 2007 and BP has operated the field since its acquisition from Devon. The other 40% stake in the field is owned by Maersk. |
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| 07:33 EDT | | FTI | Lazard to host a booth tour at OTC 2013
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| 07:30 EDT | | BP | OTC to host a conference
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| 05:56 EDT | | BP | U.S. natural gas exports helped by geopolitical debate, WSJ reports
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