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Stock Market & Financial Investment News

News Breaks
November 21, 2012
17:02 EDTCOP, ORIGOcean Rig in three year offshore Angola drilling contract with ConocoPhillips
On November 15,Ocean Rig UDW (ORIG) entered into a drilling contract for the seventh generation drillship under construction scheduled to be delivered in November 2013, Ocean Rig Athena with Conocophillips (COP). The contract is for a three-year period for drilling offshore Angola, with an estimated backlog of approximately $745M. The contract is expected to commence upon delivery of the drillship from the shipyard. Under the contract, Conocophillips has options to extend the contract for up to two years beyond the initial three-year contract period.
News For ORIG;COP From The Last 14 Days
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July 1, 2015
18:20 EDTCOPShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
June 24, 2015
11:12 EDTCOPConocoPhillips management to meet with Jefferies
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07:19 EDTCOPU.K. panel to decide on first fracking in area since 2011, WSJ reports
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