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Stock Market & Financial Investment News

News Breaks
November 19, 2012
08:08 EDTTOT, SNP, CVX, NXYTotal sells 20% interest in OML 138 to Sinopec for $2.5B
Total (TOT) announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of Sinopec (SNP) for approximately $2.5B in cash. The agreement is subject to approval by the Nigerian authorities. The OML 138 block contains the Usan field which started production in February 2012. The Nigerian National Petroleum Corporation is the OML 138 concession holder. Other partners include Chevron Petroleum Nigeria (CVX), Esso E&P Nigeria, and Nexen Petroleum Nigeria (NXY).
News For TOT;SNP;CVX;NXY From The Last 14 Days
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September 16, 2014
13:40 EDTCVXChevron alternative fuel research unsuccessful, Bloomberg says
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10:47 EDTTOT, CVXBadri sees OPEC lowering oil output target at next meeting, Reuters says
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09:59 EDTSNPOn The Fly: Analyst Downgrade Summary
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07:50 EDTSNPSinopec downgraded to Market Perform from Outperform at Bernstein
Bernstein downgraded Sinopec as the firm was disappointed by the price the company received for its Marketing Co subsidiary. The firm also thinks that Sinopec's decision to acquire the petrochemical assets of Yizheng Company is misguided.
September 15, 2014
20:02 EDTCVXConocoPhillips auctioning 24% stake in the Clair oilfield, FT reports
ConocoPhillips (COP) has hired banks to sell its 24% stake in UK's largest oilfield, The Financial Times reports, citing people familiar with the matter. The 24% stake could be valued between $2B-$3B, the people added. The Clair oilfield sits in Scottish territorial waters, and Conoco's interest in exiting the project is a sign of the challenges facing the North Sea oil industry, The Financial Times added. BP (BP) operates the Clair oilfield and owns a 28.6% stake, Royal Dutch Shell (RDS.A) controls a 28.6% stake, and Chevron (CVX) controls a 19% stake. Reference Link
09:59 EDTSNPOn The Fly: Analyst Upgrade Summary
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09:24 EDTSNPSinopec upgraded to Hold from Underperform at Jefferies
07:02 EDTCVXMcDermott completes contract scope for Jack, St. Malo project
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06:29 EDTCVXChevron pipeline shut down following accident that killed one, WSJ reports
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September 14, 2014
21:37 EDTSNPSinopec sells RMB107B stake in Marketing Co subsidiary
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September 12, 2014
11:49 EDTCVXChevron CEO looks for partner before Kitimat project decision, Bloomberg says
Chevron CEO John Watson said that the firm needs to locate a partner, finalize natural gas contracts and examine engineering expenses prior to making a choice regarding its Canadian liquefied natural gas project in Kitimat, according to Bloomberg, citing comments from Watson. Reference Link
September 10, 2014
08:22 EDTCVX, TOTBofA/Merrill oil and gas analysts hold an analyst/industry conference call
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September 9, 2014
10:10 EDTCVXOn the Fly: Analyst Downgrade Summary
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10:10 EDTTOTOn the Fly: Analyst Upgrade Summary
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07:40 EDTCVXChevron downgraded to Underperform from Neutral at BofA/Merrill
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07:40 EDTTOTTotal upgraded to Neutral from Underperform at BofA/Merrill
06:15 EDTTOTTotal upgraded to Neutral from Underperform at BofA/Merrill
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