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Stock Market & Financial Investment News

News Breaks
May 27, 2014
09:11 EDTXOM, SDRLSeadrill, North Atalantic sign investment and cooperation pact with Rosneft
North Atlantic Drilling and Seadrill (SDRL) announced that an Investment and Co-operation Agreement has been executed with Rosneft in order to pursue growth opportunities offshore and onshore in the Russian market through at least 2022. As part of these proposed opportunities, NADL will enter the onshore drilling market in Russia and enter into contracts for multiple offshore assets. In addition Rosneft will be acquiring a significant equity stake in NADL. NADL has already contracted to drill the first two wells in the Kara Sea, as part of Rosneft and Exxon's (XOM) joint venture during 2014 and 2015. As part of the agreement, a number of long term contracts for NADL's near-term availability are expected to be signed as well as a commitment to future contracts and newbuild projects. The agreement envisions initial employment of up to 9 offshore rigs to Rosneft with a total commitment of 35 rig years. Closing of the transaction is expected during the second half of 2014, subject to customary due diligence, negotiation of detailed transaction terms, and respective Board approvals. The company's operations in Stavanger will continue as today and will focus on the current operations and future growth. The strategic partnership is likely to entail opening up of other regional offices to serve local growth in demand. Overall activity levels are expected to increase significantly and provide employees with attractive opportunities. Seadrill, after the initial transaction, will remain the largest shareholder in NADL.
News For SDRL;XOM From The Last 14 Days
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September 3, 2015
06:35 EDTSDRLSeadrill downgraded to Underperform from Neutral at Credit Suisse
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04:41 EDTSDRLStocks with implied volatility movement; SDRL SCTY
Stocks with implied volatility movement; Seadrill (SDRL) 99, SolarCity (SCTY) 86 according to iVolatility.
September 2, 2015
13:18 EDTXOMCourt says Shell, Exxon must pay Groningen earthquake compensation, WSJ says
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September 1, 2015
09:34 EDTXOMActive equity options trading on open
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08:28 EDTXOMOfficials delay hearing on Exxon Mobil Torrance facility, LA Times reports
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August 31, 2015
16:00 EDTXOMOptions Update; August 31, 2015
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13:08 EDTXOMExxon Mobil volatility elevated as WTI oil rally's 4% to $47
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09:35 EDTXOMActive equity options trading on open
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August 30, 2015
15:07 EDTXOMExxon Mobil could be a long-term oil play, Barron's says
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August 28, 2015
13:31 EDTXOMExxon Mobil volatility elevated as WTI oil rally's 7% to $45
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August 27, 2015
09:09 EDTXOMExxon Mobil volatility elevated as shares trade near four-year low
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06:04 EDTSDRLSeadrill reports Q2 operating profit $384M
Operating profit for the quarter was $384 million compared to $703 million in the preceding quarter. The decrease was primarily due to the gain on deconsolidation of SeaMex during the first quarter, and a loss on the sale of the West Polaris to Seadrill Partners during the second quarter. Taken together, these items account for approximately $261 million, or 82%, of the sequential decline in operating profit. Excluding these non-recurring items, operating profit declined 11% sequentially. On a like for like basis, the decline in operating profit can be primarily attributed to the deconsolidation of SeaMex and increased idle time across the fleet.
06:04 EDTSDRLSeadrill achieves 83% economic utilization for floater fleet in Q2
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06:03 EDTSDRLSeadrill reports Q2 EPS 77c, consensus 63c
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August 26, 2015
10:57 EDTSDRLEuropean oilfield service names boosted by M&A speculation, says JPMorgan
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August 25, 2015
18:11 EDTSDRLTranocean tanks after proposing dividend cancellations, peers follow
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13:24 EDTXOMJudge approves $225M settlement in Exxon Mobil pollution case, AP says
A Superior Court judge has approved a $225M settlement between the state of New Jersey and Exxon Mobil related to pollution at oil refineries and retail gas stations, saying the deal is less than the $8.9B originally sought by the state but still a "reasonable compromise," reports the Associated Press. Reference Link
August 23, 2015
17:49 EDTXOMIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
16:01 EDTXOMOptions Update; August 21, 2015
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August 20, 2015
06:10 EDTXOMAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. 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

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