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Stock Market & Financial Investment News

News Breaks
July 8, 2014
05:35 EDTTKPPY, XOM, STOTechnip awarded renewal of framework agreement by Statoil, Exxon Mobil, Gassco
Technip (TKPPY) was awarded a new framework agreement by Statoil (STO), Exxon Mobil (XOM) and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replacement of an existing frame agreement held for eight years, Technip will provide these services for the next four years. This contract, effective from December 1, also includes an option for additional periods up to seven years.
News For TKPPY;STO;XOM From The Last 14 Days
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November 20, 2014
10:02 EDTSTOOn The Fly: Analyst Upgrade Summary
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06:15 EDTSTOStatoil upgraded to Overweight from Neutral at HSBC
05:40 EDTTKPPYCGG SA confirms offer from Technip, considered that conditions to pursue not met
CGG confirms having been approached by Technip in an unsolicited manner in respect of a potential combination. CGG has considered that the conditions to pursue were not met.
05:38 EDTTKPPYTechnip proposes EUR 8.30 per share tender offer for CGG SA
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05:37 EDTTKPPYTechnip proposes EUR 8.30 per share tender offer for CGG SA
November 18, 2014
18:26 EDTXOMKeystone pipeline legislation voted down by U.S. Senate
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09:56 EDTSTOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
05:30 EDTTKPPYTechnip awarded contract by Westlake Chemical
Technip (TKPPY) was awarded a contract by Westlake Chemical (WLK) to provide detailed engineering and procurement services to expand the recovery section of Westlake’s Petro 1 ethylene plant at its complex in Sulphur, Louisiana. Technip’s operating center in Houston, Texas, will execute the project, with support from the Group’s office in Mumbai, India.
05:29 EDTSTOStatoil downgraded to Neutral from Overweight at JPMorgan
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November 17, 2014
11:37 EDTSTOStatoil downgraded to Neutral from Overweight at JPMorgan
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07:12 EDTXOMBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
15:47 EDTSTOStatoil to hold a mini-seminar
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November 13, 2014
05:28 EDTTKPPYTechnip awarded subsea contract for K2 field in Gulf of Mexico
Technip has been awarded a contract by Anadarko Petroleum Corporation for the K2 Riser Base Gas Lift project, located in Green Canyon 608 in the Gulf of Mexico, at a water depth of approximately 1,300 meters. This contract covers project management and engineering, design, fabrication, and installation of two PLEMs and four PLETs, installation of flowline, jumpers and associated terminations and hardware, installation of one free issued dynamic umbilical with SUTA and flying leads, pre-commissioning of the flowline and umbilical gas lift system. Technip's operating center in Houston, Texas, will conduct the overall project management. The offshore installation is expected to be performed in the second half of 2015 by Technip’s Deep Blue, one of the world's largest purpose-built ultra deepwater pipelay and subsea construction vessels.
November 12, 2014
08:18 EDTTKPPYUBS to hold a conference
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November 10, 2014
16:07 EDTSTO, TKPPYUBS to hold a conference
UBS European Conference is being held in London, England on November 11-12.
November 6, 2014
09:36 EDTSTOStatoil awarded interests in 12 new licenses in U.K.
Statoil announced it was awarded interests in 12 new licenses, 9 as operator, in the 28th licensing round on the U.K. continental shelf announced by the Department of Energy and Climate Change. Eleven of the licenses are in the North Sea and the remaining one is West of Hebrides. In terms of size, this additional acreage constitutes almost 8000 square kilometres and thus represents access at scale. “We were awarded all the acreage that we had applied for and are of course very pleased with the outcome of this licensing round. These awards strengthen our UK continental shelf portfolio significantly and underpin our long-term commitment as an operator in UK waters,” the company said.
06:22 EDTSTOGlobal companies silent on local impact, transparency report shows
Transparency International issued a report saying that global companies are saying too little regarding their businesses abroad. The agency said, "The world’s biggest companies disclose little or no financial details about their operations outside their home country, a new report from Transparency International reveals. Ninety of the 124 companies assessed do not disclose the taxes they pay in foreign countries, while 54 disclose no information on their revenues in other countries. BHP Billiton (BHP), Eni (E), Statoil (STO) and Vodafone (VOD) scored more than six out of ten. The four companies report on a range of corruption prevention measures and disclose details of subsidiaries. However, only three companies, Statoil, Telefónica (TEF) and Vodafone score above 50% for country-by-country reporting, disclosing tax payments in almost all the countries where they operate, though not all financial data. Forty-four of the firms in the report are American, of which Amazon (AMZN), Berkshire Hathaway (BRK.A, BRK.B) and Google (GOOG) performed worst. Only two US companies publish tax payments in foreign countries, ConocoPhilips (COP) in Canada, Walmart (WMT) in Chile. Surprisingly, the sector that makes greater transparency possible is one of the least transparent. U.S. tech giants Amazon, Apple (AAPL), Google and IBM (IBM) all score less than three out of ten." Reference Link
05:20 EDTTKPPYTechnip awarded five-year flexible pipe framework agreement by PETRONAS
Technip has secured a 5-year framework agreement with PETRONAS Carigali Sdn Bhd, or PCSB, for Engineering, Procurement, Construction & Installation or supply-only of flexible pipes for PCSB’s projects in Malaysia. This framework agreement further strengthens our long-standing relationship with our key client PETRONAS. Asiaflex Products Sdn Bhd, Technip’s flexible pipe manufacturing plant located in Johor, Malaysia, will execute the framework agreement and manage the experienced project teams in Kuala Lumpur as well as the regionally-dedicated construction vessel, Deep Orient, which will in all, provide PETRONAS with a unique one stop solution for cost-effective field developments.

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