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Stock Market & Financial Investment News

News Breaks
March 4, 2014
07:47 EDTJEC, BPJacobs awarded contract by BP
Jacobs Engineering (JEC) announced that it was awarded a contract by BP (BP) for process and infrastructure work on the greenfield Khazzan project in the Sultanate of Oman. Under the terms of the contract, Jacobs is providing engineering, procurement and construction management services in relation to approximately $2B of gas gathering and water pipelines, wellhead production facilities and export pipelines for the development of the southern sector of Block 61. Jacobs’ scope of work also includes the detailed design and program management for the associated project infrastructure. The work utilizes resources from multiple Jacobs offices located in the Middle East, U.K., India and the U.S., and Jacobs is also committed to supporting the In Country Value goals of the Sultanate of Oman to build local content by developing the local workforce and engaging local suppliers. The project is expected to mobilize immediately.
News For JEC;BP From The Last 14 Days
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March 27, 2015
06:37 EDTBPOil retreats after Goldman says attacks won't have much impact, Reuters reports
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06:21 EDTBPShell pulls back on Chinese operations after oil price slump, WSJ says
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March 26, 2015
06:36 EDTBPOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
March 24, 2015
07:47 EDTJECJacobs Engineering awarded contract for Network Rail link to Heathrow
Jacobs Engineering Group announced that it was awarded a contract by Network Rail to support its proposed new rail link from the west of England to London Heathrow airport, United Kingdom. The proposed Western Rail Access to Heathrow includes a new direct, double track link between the Great Western main line at Langley in Berkshire into Terminal 5 at Heathrow airport. Company officials did not disclose the contract value, but noted that the work is being executed over the next 12 months from Jacobs’ offices in the UK. Under the terms of the contract, Jacobs is producing a design for Network Rail’s Development Consent Order, which is expected to be submitted in early 2016. Jacobs’ scope of work includes topographical surveys and geotechnical investigations, tunneling design for the new 3.1 mile route, and railway systems designs for track and overhead line equipment. Network Rail’s Signaling Design Group is producing the signaling design for system integration by Jacobs as lead designer. Jacobs is also providing environmental surveys and impact assessment to inform optimization of the tunnel route and location and design of surface structures. Jacobs delivered pre-feasibility and feasibility studies in the early planning stage of the project which identified significant potential cost savings. Currently in public consultation, if the Western Rail Access plans are approved, it is expected that the new service would be in operation by 2021.
March 22, 2015
17:59 EDTBPOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTBPWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTBPOil prices fall again, Reuters reports
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March 19, 2015
07:19 EDTBPKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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March 18, 2015
16:00 EDTBPOptions Update; March 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.20 to 26.10. Option volume leaders: AAPL RAD PBR TWTR FB TSLA CLF BP MGM according to Track Data.
10:03 EDTBPBP call activity attributed to renewed takeover speculation
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09:56 EDTBPRumor: BP strength attributed to takeover speculation
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07:02 EDTBPExterran nominates five new directors to board
Exterran Holdings (EXH) announced that its Board of Directors has nominated the following individuals for election to the Exterran Holdings Board at the Company’s 2015 Annual Meeting of Stockholders on April 28: Anne-Marie N. Ainsworth – former President and CEO of the general partner of Oiltanking Partners, L.P. (OILT); Frances Powell Hawes – independent financial consultant and former CFO of NCI Building Systems (NCS); James H. Lytal – independent energy consultant and former President of Gulfterra Energy Partners LP; Richard R. Stewart- former President and CEO of GE Aero Energy (GE); and Ieda Gomes Yell – Managing Director of Energix Strategy Ltd. and former President of BP Brazil (BP). “In November 2014, we announced a plan to separate Exterran’s international contract operations, international aftermarket services and global fabrication businesses into an independent, publicly traded company in the second half of 2015,” said Mark Sotir, Executive Chairman of the Board. “Our Board has nominated these additional well qualified director candidates in anticipation of certain of Exterran’s directors resigning from the Board at the time of the separation in order to join the board of directors of the new publicly traded company. We have not yet reached a final determination regarding which directors will remain on Exterran’s Board and which directors will join the board of directors of SpinCo at the time of the separation.”
March 17, 2015
09:11 EDTBPBP study criticized by Gulf oil spill trustees, Financial Times says
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08:27 EDTBPBP says environmental assessment shows most spill impact of short duration
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March 16, 2015
11:11 EDTBPOPEC sees oil prices to hit U.S. oil output by late 2015, Reuters says
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March 15, 2015
17:49 EDTBPBP and Egypt in $12B energy deal, Reuters says
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