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Stock Market & Financial Investment News

News Breaks
January 29, 2014
08:22 EDTIOC, TOTInterOil scales up operations in Papua New Guinea
InterOil (IOC) is relocating core functions from its 100-person office in Cairns, Australia, to support expanding operations in Papua New Guinea. The Cairns office will close by the end of the year. The decision to increase capacity in PNG comes as InterOil is finalizing an agreement with Total (TOT) to develop a multi-billion dollar LNG project in PNG. Work continues on completing the Total agreement by the end of Q1 2014. InterOil has also begun a new round of drilling as part of its exploration activities across almost 4M acres in PNG. The company plans to drill up to eight wells in the next 12-15 months. The commencement of drilling operations will employ an additional 300 people.
News For IOC;TOT From The Last 14 Days
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December 21, 2014
19:45 EDTTOTSaudis say oil prices will recover as global economies grow,The Independent says
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16:42 EDTTOTSaudis say no cut in oil production is forthcoming, Reuters says
Signalling that it will ride out the recent volatility in oil markets, Saudi Arabia said it will not cut oil production even if non-OPEC nations did so, Reuters reports. "If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut," commented Saudi Oil Minister Ali al-Naimi. 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
December 18, 2014
10:01 EDTIOCOn The Fly: Analyst Initiation Summary
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08:52 EDTTOTMarket under-appreciating cost curve adjustments by oil majors, says Cowen
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06:10 EDTIOCInterOil initiated with a Buy at Goldman
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December 14, 2014
17:07 EDTTOTOPEC's Badri says group will withstand oil price fall, Reuters says
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December 12, 2014
06:51 EDTTOTBrent crude oil fell to five year low, Reuters reports
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December 11, 2014
07:24 EDTIOCInterOil announces discovery at Bobcat-1 well in Papua New Guinea
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December 8, 2014
07:53 EDTTOTClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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