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Stock Market & Financial Investment News

News Breaks
January 29, 2014
08:22 EDTTOT, IOCInterOil 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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November 18, 2014
18:26 EDTTOTKeystone pipeline legislation voted down by U.S. Senate
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November 14, 2014
06:54 EDTIOCInterOil reports Q3 EPS (34c), consensus (51c)
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November 13, 2014
15:18 EDTIOCNotable companies reporting before tomorrow's open
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November 12, 2014
08:43 EDTIOCInterOil November volatility elevated into Q3 and outlook
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08:18 EDTTOTUBS to hold a conference
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November 11, 2014
09:05 EDTTOTTotal new CEO appears to be ideal candidate, says BMO Capital
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09:00 EDTTOTBP, Total exploration efforts undeterred by $80 per barrel oil, Bloomberg says
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08:52 EDTIOCInterOil Antelope project looks more likely to be carried out, says Bernstein
After meeting with InterOil and Paupa New Guinea government officials, Bernstein says that all parties increasingly believes that the Antelope LNG project will get off the ground. The firm is now more convinced that Antelope will reach Final Investment Decision before 2018. It keeps a $90 price target and Outperform rating on InterOil.
November 10, 2014
16:07 EDTTOTUBS to hold a conference
UBS European Conference is being held in London, England on November 11-12.

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