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Stock Market & Financial Investment News

News Breaks
August 12, 2014
07:46 EDTXOM, JECJacobs receives contract from Exxon Mobil
Jacobs Engineering (JEC) announced that it was awarded a contract from ExxonMobil (XOM)Chemical to provide engineering, procurement and construction services as part of a multi-billion dollar ethane cracker project in ExxonMobil’s Baytown, Texas complex and associated premium product facilities in Mont Belvieu, Texas. Company officials did not disclose the contract value. Under the terms of the contract, Jacobs is providing site enabling works and interconnections services for the two sites. Jacobs’ scope of work includes site preparation of 350 acres for the ethane cracker in Baytown and 100 acres for the product facilities in Mont Belvieu.
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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.
07:36 EDTXOMWhiting tumbles as stock offering dampens takeover speculation
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March 22, 2015
17:59 EDTXOMOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTXOMWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTXOMOil prices fall again, Reuters reports
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March 19, 2015
08:38 EDTXOMN.J. State Assembly Judiciary Committee to hold a hearing
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07:19 EDTXOMKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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07:04 EDTXOMAmerican Express confirms plans to launch Plenti loyalty program
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March 18, 2015
06:16 EDTXOMAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 16, 2015
11:11 EDTXOMOPEC sees oil prices to hit U.S. oil output by late 2015, Reuters says
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March 13, 2015
16:28 EDTXOMWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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15:54 EDTXOMWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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08:36 EDTXOMHoward Hughes sees 507 new hotel rooms in FY15
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06:32 EDTXOMIEA says oil price pressure likely to resume, Reuters reports
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06:29 EDTXOMOil companies reach tentative agreement with union, WSJ says
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05:18 EDTXOMExxon Mobil CEO says U.S. needs to 'make regulatory process less burdensome'
The U.S. government needs to adjust its energy policies to ensure that America can realize all the benefits of the new era of energy abundance, Rex Tillerson, chairman and CEO of Exxon Mobil said Thursday. “We need sound energy policies – policies equal to the innovation that has redefined the modern energy landscape,” Tillerson said in an address to The Economic Club of Washington. “It is time to build policies that reflect our newfound abundance – that view the future with optimism, that recognize the power of free markets to drive innovation, and that proceed with the conviction that free trade brings prosperity and progress.” As examples, Tillerson said that Congress and the White House need to enable U.S. exports of oil and natural gas, approve the Keystone XL pipeline, and make the regulatory process less burdensome and more transparent. “With free trade in energy and common-sense regulatory reforms, the U.S. energy industry can strengthen U.S. energy security and continue to pioneer the innovations that make possible the safe and responsible development of energy,” Tillerson said. “No one can say for sure how the industry will evolve next or where it will go – but one of the enduring lessons of our industry is that sound policy rewards wide and disciplined investments, spurs economic growth and improved environmental performance, and leads to greater peace and prosperity.” A major driver in the industry’s expansion, Tillerson said, has been breakthroughs in the integration of hydraulic fracturing and horizontal drilling, a renaissance that is now bringing economic benefits to all 48 states in the continental U.S. along with unanticipated environmental gains. “Because natural gas emits up to 60 percent less carbon dioxide than other major sources when used for power generation, our abundant and reliable supplies have been instrumental in reducing our nation’s carbon dioxide emissions to levels not seen since the early 1990s,” Tillerson said. He noted that industry has a responsibility to meet the two-pronged challenge of providing for the world's energy needs while protecting the environment. “The global economy will need sound economic reasoning and more sensible policies to fully leverage this moment to meet the energy and environmental challenges of the future,” said Tillerson.
March 12, 2015
13:14 EDTXOMShell, BP, Total oil trading divisions may yield profit boost, Bloomberg says
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12:05 EDTXOMExxon Mobil resumes drilling at Point Thomson
ExxonMobil announced that it has resumed drilling at Point Thomson on Alaska’s North Slope as construction continues toward bringing the initial production system online. The initial production system is designed to produce up to 10,000 barrels per day of natural gas condensate and is scheduled for startup in 2016. Two injection wells will work in tandem with a production well, cycling up to 200M cubic feet of natural gas per day through an onsite central processing facility. The condensate will then be transported by a 22-mile pipeline to the Trans-Alaska Pipeline System. The Point Thomson reservoir holds an estimated 8T cubic feet of natural gas and associated condensate, a high quality hydrocarbon similar to kerosene or diesel. The gas represents 25% of known gas resources on the North Slope and could be used to partially underpin the proposed Alaska LNG project. Potential future development will depend on a range of factors such as business considerations, investment climate and the fiscal and regulatory environment. As of year-end 2014, ExxonMobil and working interest owners have invested more than $2.6B in the development of Point Thomson. About 70% of that amount has been spent in Alaska. More than 70 Alaska companies have contributed to the success of the project, with more than 800 people working on-site and an additional several hundred around the state. Winter construction continues with the opening of a 50-mile ice road from Deadhorse to central pad. Point Thomson is located on state acreage along the Beaufort Sea, 60 miles east of Prudhoe Bay and 60 miles west of the village of Kaktovik.
07:22 EDTXOMEconomics Club of Washington, D.C. to hold a dinner meeting
Chairman and CEO Tillerson of Exxon Mobil is the guest speaker at a dinner meeting being held in Washington, D.C. on March 12 at 7 pm.
07:13 EDTJECUBS to hold a conference
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