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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.
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April 22, 2014
07:54 EDTTOTTotal exec sees no impact to Russian operations from tension, WSJ says
Total's head of E&P Yves-Louis Darricarrere said the tensions over Ukraine are unlikely to have any direct impact on the company's Russian operations, reported The Wall Street Journal, citing Darricarrere's comments at a conference. Reference Link
April 14, 2014
06:17 EDTTOTTotal, partners to develop Kaombo project in Angola for $16B
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