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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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May 27, 2015
05:25 EDTTOTTotal produces 2B barrels on deep offshore Block 17, Angola
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May 22, 2015
09:57 EDTTOTOn The Fly: Analyst Upgrade Summary
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07:00 EDTTOTBP upgraded to Neutral on reduced Russia risk at JPMorgan
JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.
05:31 EDTTOTTotal upgraded to Overweight from Neutral at JPMorgan
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May 18, 2015
09:31 EDTIOCInterOil downgraded to Neutral from Buy at Goldman
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