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Stock Market & Financial Investment News

News Breaks
March 12, 2013
10:35 EDTHAL, BP, RIGHalliburton employee: Macondo cement testing was irregular, Times-Picayune says
Halliburton's (HAL) president for strategic and corporate development, Timothy Probert, testified yesterday that he was aware of some irregularities in the company's testing of its cement that was used to seal BP's (BP) Macondo oil well, The Times-Picayune reported last night. A lawyer for plaintiffs in the case said that Halliburton had discarded several "off the record" tests of the cement, the newspaper added. Reference Link
News For HAL;BP;RIG From The Last 14 Days
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May 23, 2013
12:24 EDTRIGTransocean management to meet with Jefferies
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07:47 EDTBPRestrictions may force BP to surrender KG basin block, Economic Times reports
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07:31 EDTHALSenate Energy & Natural Resources Committee to hold a forum
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May 22, 2013
09:43 EDTBPBP plans to increase production, investment in Iraq, DJ reports
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07:49 EDTBPBP fights "unjustified" Gulf oil spill payments, FT reports
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May 21, 2013
16:25 EDTRIGTransocean announces first quarterly dividend installment of 56c per share
Transocean announced the schedule for the first installment of its U.S. dollar-denominated dividend of $2.24 per share, or approximately $807M in the aggregate, from additional paid-in capital. The first installment of 56c per share, or approximately $202M, is based upon the number of currently outstanding shares and represents the first of four quarterly installments totaling $2.24 per share, which was approved by shareholders at the company's Annual General Meeting held on May 17. The dividend will be paid on June 19 to shareholders of record on May 31. The ex-dividend date is May 29.
07:36 EDTHAL, RIGUBS 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 EDTBPEU 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 EDTHALMitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23.
05:40 EDTBPU.S. oil futures rally as many commodities decline, WSJ reports
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May 17, 2013
16:21 EDTBPOn The Fly: Closing Wrap
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13:53 EDTRIGTransocean holders approve dividend, reject Icahn proposal
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13:50 EDTRIGIcahn nominee wins seat on Transocean board
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13:09 EDTBPTesoro 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.
12:28 EDTRIGTransocean holders reject Icahn's $4 dividend plan, Bloomberg reports
Transocean's (RIG) shareholders rejected the $4 per share dividend proposal in favor of management's $2.24 per share annual dividend, Bloomberg reports, citing a person familiar with the vote count.Reference Link
11:48 EDTRIGTransocean holders reject Icahn's $4 dividend plan, Bloomberg reports
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May 16, 2013
14:46 EDTBPTesoro may take over BP California assets as soon as June 1, Reuters says
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14:32 EDTBPTesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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12:47 EDTRIGTransocean EPS estimates lowered at Wells Fargo
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07:11 EDTBPBP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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