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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:33 EDTGEL, XOMGenesis Energy announces expansion of Gulf Coast terminal infrastructure
Genesis Energy, L.P. (GEL) plans to invest approximately $125M to improve existing assets and develop new infrastructure in Louisiana to connect into Exxon Mobil Corporation’s (XOM) Baton Rouge Refinery, one of the largest refinery complexes in North America with more than 500,000 barrels per day of refining capacity. The project is expected to generate positive economic benefits both for the community of Baton Rouge and the state of Louisiana. Genesis will improve its existing terminal at Port Hudson, Louisiana and build a new 18 mile 20” diameter crude oil pipeline connecting Port Hudson to the Maryland Terminal and continuing downstream to the Anchorage Tank Farm. The company also plans to build a new crude oil unit train facility at the Baton Rouge Maryland Terminal. At Port Hudson, Genesis will construct approximately 200,000 barrels of storage capacity to complement its 216,000 barrels of existing tank capacity and make improvements to its existing barge dock and truck station. Project construction is scheduled to begin in early 2013. The Port Hudson upgrades and new crude oil pipeline are expected to be completed by the end of 2013 and the Maryland Terminal completion is scheduled for 2Q14.
News For GEL;XOM From The Last 14 Days
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August 28, 2015
13:31 EDTXOMExxon Mobil volatility elevated as WTI oil rally's 7% to $45
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August 27, 2015
09:09 EDTXOMExxon Mobil volatility elevated as shares trade near four-year low
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August 25, 2015
13:24 EDTXOMJudge approves $225M settlement in Exxon Mobil pollution case, AP says
A Superior Court judge has approved a $225M settlement between the state of New Jersey and Exxon Mobil related to pollution at oil refineries and retail gas stations, saying the deal is less than the $8.9B originally sought by the state but still a "reasonable compromise," reports the Associated Press. Reference Link
August 23, 2015
17:49 EDTXOMIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
16:01 EDTXOMOptions Update; August 21, 2015
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August 20, 2015
06:10 EDTXOMAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
August 19, 2015
16:00 EDTXOMOptions Update; August 19, 2015
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August 17, 2015
09:13 EDTGELGenesis Energy added to Top Picks list at UBS
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08:11 EDTXOMExxon Mobil volatility flat as oil trades near six-year low
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