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December 6, 2012
06:08 EDTKKR, CVX, RDS.A, KOS, XOM, CIE, BPOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Shipping some of the newly abundant U.S. natural gas overseas would benefit the nation's economy more than keeping it all at home, according to a long-awaited study by the Energy Information Administration, which has the potential to reshape the global energy market. The endorsement could turn the tide in a politically sensitive issue, the Wall Street Journal reports...Regulators and market analysts say some money managers wait until the last moments of a quarter to bid aggressively for more shares of a stock they already own, which drives up the value of their entire position in the stock. A Wall Street Journal analysis of daily trading in about 10,000 stocks since 2004 found that on the final trading day of each quarter, there was a sharp increase in the number of stocks that beat the market by at least five percentage points, then trailed it by three points or more the next trading day, the Wall Street Journal reports...REUTERS: Apple’s (AAPL) rank in China's smartphone market fell to number six in Q3, or under 10%, as it faces tougher competition from Chinese brands, according to research firm IDC, Reuters reports...The European Central Bank will likely keep interest rates on hold on today but may offer clues on its policy path for next year with updated forecasts likely to present a difficult outlook for the euro zone economy in 2013, Reuters reports...BLOOMBERG: Chevron (CVX), facing its longest slide in energy output in four years, could use its record cash to reignite growth by acquiring Cobalt International Energy (CIE) or Kosmos Energy (KOS), Bloomberg reports...KKR & Co. (KKR) sees investment opportunities in Southeast Asian companies that will benefit from economic growth and increased consumer spending in 2013, Bloomberg reports.
News For A;BP;XOM;CVX;CIE;KOS;KKR From The Last 14 Days
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February 23, 2015
09:01 EDTXOMExxon Mobil says 2014 reserves replacement totals 104%
Exxon Mobil Corporation announced that it replaced 104% of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels, including a 162% replacement ratio for crude oil and other liquids. At year-end 2014, ExxonMobil's proved reserves totaled 25.3 billion oil-equivalent barrels, which was made up of 54% liquids, up from 53% in 2013, and 46% natural gas. Liquid additions during 2014 totaled more than 1.2 billion barrels, or 162% of production, and natural gas additions totaled approximately 300 million oil-equivalent barrels for a 42% replacement ratio. Excluding the impact of asset sales, reserves additions during 2014 replaced 111% of production. During 2014, ExxonMobil added 3.2 billion oil-equivalent barrels to its resource base, driven primarily by resource additions in Argentina, Canada, Nigeria, Tanzania and the U.S.
08:18 EDTKOSKosmos reports Q4 Jubilee field gross production averaged 100 bopd
In the fourth quarter of 2014, Jubilee field gross production averaged nearly 100,000 bopd. For the full year of 2014, Jubilee field production averaged approximately 102,000 bopd. Gas export commenced in November and full commissioning of the onshore natural gas processing facility is ongoing. In 2015, gas exports are expected to increase, enabling oil production from the field to rise towards field plateau. The Tweneboa, Enyenra and Ntomme project, the second major oil development project in Ghana, remains within budget and on-track to deliver first oil in the second half of 2016. The project is now greater than 50 percent complete with all 10 of the wells expected to be online at first oil already drilled. Activity is expected to increase in 2015 as completions begin and fabrication continues in advance of installation. The appraisal for the Mahogany, Teak and Akasa discoveries within the Greater Jubilee area was completed in December as scheduled. The results of the appraisal will be combined with the partnership’s views on additional phases of development at Jubilee. A plan for the full field development of Jubilee and MTA is expected to be presented to the Government of Ghana in 2015. The CB-1 well targeting the Al Khayr prospect offshore Western Sahara was spud on December 19, 2014. Operations are ongoing and we expect well results in early March.
08:17 EDTKOSKosmos sees FY15 total CapEx roughly $800M
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08:17 EDTKOSKosmos reports proved net reserves at end of 2014 75 BOE
The company’s proved net reserves at the end of 2014 were 75 million barrels of oil equivalent, an increase of 28 million barrels of oil equivalent from year-end 2013. The year-end 2014 volumes also include natural gas reserves of 2 million barrels of oil equivalent, slightly higher than in 2013, which represents only the gas anticipated to be used for power generation on the Jubilee and TEN floating production, storage and offloading vessels.
08:16 EDTKOSKosmos reports Q4 EPS 33c, may not compare to consensus (6c)
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07:16 EDTCIECobalt provides operations update, says drilling on schedule in Gulf of Mexico
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07:12 EDTCIECobalt sees FY15 CapEx, operating expenditures roughly flat at $800M-$900M
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07:10 EDTCIECobalt reports Q4 EPS (53c), consensus (25c)
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February 22, 2015
13:55 EDTCVXChevron relinquishes Romanian shale-gas interests, WSJ says
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11:59 EDTCVX, BP, XOMUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 20, 2015
17:09 EDTXOMExxon Mobil awarded $1.01B government contract for aviation turbine fuel
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07:37 EDTBPU.S. judge rejects BP request for lower fine per barrel, Reuters says
U.S. District Judge Carl Barbier has rejected BP's request for a maximum fine of $3,000 per barrel, upholding the maximum penalty of $4,300 per barrel, reports Reuters. The decision means the total fine for BP could reach $13.7B, though it is still unclear when a final decision will be reached. BP spokesman Geoff Morrell stated the company is considering its legal options. Reference Link
06:29 EDTKKRBayer close to selling diabetes unit to Panasonic, Bloomberg says
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February 19, 2015
14:53 EDTKKRBayer near sale of diabetes unit to KKR backed venture, Bloomberg says
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14:01 EDTKKRBayer near sale of diabetes unit to KKR's Panasonic Healthcare, Bloomberg says
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09:09 EDTALeerink's life science tools analyst holds an analyst/industry conference call
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06:58 EDTCVX, XOM, BPU.S. oil prices tumble after inventory data released, Reuters says
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February 18, 2015
13:02 EDTXOMExxon Mobil experiences 'incident' at California refinery, ABC News reports
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06:41 EDTXOMExxonMobil Australia 'well positioned' to pursue acquistions, Reuters reports
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06:03 EDTKKRAllen Systems Group reaches agreement with senior lenders on debt restructuring
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