News Breaks |
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| October 4, 2012 |
| 13:22 EDT |  | XOM, COP, BP, TRP | Oil majors report progress on Alaska LNG project
Alaska Governor Sean Parnell announced last night that executives for ExxonMobil (XOM), ConocoPhillips (COP), BP (BP), and TransCanada (TRP) submitted a letter to his administration describing their companies’ progress in advancing an Alaska liquefied natural gas (LNG) export project. Parnell said the companies’ letter addresses a critical benchmark laid out previously calling on the companies to harden the numbers on an LNG project and identify a project timeline by the end of the third quarter. The letter also addresses an additional third-quarter benchmark that Governor Parnell laid out, calling on the companies to complete their discussions with the Alaska Gasline Development Corporation on the potential to consolidate their work. In the letter, the companies said they have established a cooperative framework with AGDC to share information, Parnell said. In the letter, the companies estimated the total cost of the project in today's dollars at $45B to over $65B. Reference Link |
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News For XOM;COP;BP;TRP From The Last 14 Days Check below for free stories on XOM;COP;BP;TRP the last two weeks. |
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| May 24, 2013 |
| 15:13 EDT |  | XOM | InterOil negotiations with Exxon Mobil validates the company, says Westlake
Westlake Securities said InterOil's (IOC) exclusive negotiations with Exxon Mobil (XOM) is a major validation of the company and its Elk/Antelope resource. The analyst raised its price target to $130 from $115 as risk of a deal not being reached has been removed. Shares are Buy rated. |
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| 09:25 EDT | | XOM | On The Fly: Pre-market Movers
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| 08:32 EDT |  | XOM | InterOil Corporation volatility low into talks with Exxon over PNG assets
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| 08:12 EDT | | XOM | InterOil confirms exclusive talks with ExxonMobil Papua New Guinea
InterOil (IOC) and its joint venture partner, Pacific LNG Group, said they have entered into exclusive negotiations with ExxonMobil Papua New Guinea, a subsidiary of ExxonMobil (XOM), on the development of Petroleum Retention License 15, which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed with the government of PNG and any future agreement will be subject to their final approval, the company added. Items under consideration include: InterOil and Pacific LNG selling ExxonMobil Papua New Guinea Ltd. an interest in PRL 15 that is sufficient to supply gas to develop an additional LNG train at ExxonMobil Papua New Guinea Ltd.'s Konebada site; InterOil and Pacific LNG will be funded to drill additional delineation wells in the Elk and Antelope fields, which will be followed by recertification of the resource; InterOil and Pacific LNG will have the optionality to either independently develop a second LNG project in the Gulf Province that may also use gas from PRL 15 and potentially other discoveries, such as Triceratops, or pursue further development with ExxonMobil Papua New Guinea Ltd. |
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| 06:59 EDT |  | XOM | Exxon Mobil in exclusive talks with Interoil for natural gas assets, WSJ says
Exxon Mobil (XOM) is in exclusive talks with InterOil (IOC) to invest in Interoil's natural gas assets in Papau New Guinea, reports the Wall Street Journal. In a statement confirming the talks, Interoil said it is discussing whether gas from the Elk and Antelope fields would support an expansion of the PNG LNG project or a new gas-export facility. Reference Link |
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| May 23, 2013 |
| 07:47 EDT | | BP | Restrictions may force BP to surrender KG basin block, Economic Times reports
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| 06:17 EDT | | XOM | Papua New Guinea’s Oil Search a takeover target, Bloomberg reports
Papua New Guinea’s Oil Search (OISHY) has the fastest revenue growth in the oil industry and now may be attracting a number of suitors, from Exxon Mobil (XOM) to Total (TOT) to Woodside Petroleum (WOPEY), reports Bloomberg. Reference Link |
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| May 22, 2013 |
| 19:18 EDT | | TRP | U.S. House approves Keystone XL bill, Reuters says
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| 18:58 EDT | | TRP | U.S. House has votes to pass legislation approving Keystone XL, Bloomberg says
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| 09:43 EDT | | BP | BP plans to increase production, investment in Iraq, DJ reports
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| 07:49 EDT | | BP | BP fights "unjustified" Gulf oil spill payments, FT reports
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| May 21, 2013 |
| 16:04 EDT | | COP | Options Update; May 21, 2013
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| 07:22 EDT | | COP | ConocoPhillips pulls back on plans to sell oil sand assets, Globe and Mail says
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| May 20, 2013 |
| 08:08 EDT | | BP, XOM | EU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link |
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| 05:40 EDT | | BP, XOM | U.S. oil futures rally as many commodities decline, WSJ reports
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| May 17, 2013 |
| 16:21 EDT |  | BP | On The Fly: Closing Wrap
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| 13:09 EDT | | BP | Tesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. |
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| 08:29 EDT | | TRP | Canadian PM Harper lobbies U.S. for Keystone XL pipeline, WSJ reports
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| 06:57 EDT | | TRP | GOP may unveil debt ceiling plan before summer recess, Politico reports
House Republicans are considering releasing their plan for raising the debt ceiling before Congress' August recess, according to Politico. The plan is likely to include new spending cuts, a framework for tax reform, and a stimulus element, which would feature a provision involving Transcanada's (TRP) Keystone Pipeline, the website reported. Reference Link |
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| May 16, 2013 |
| 14:46 EDT | | BP | Tesoro may take over BP California assets as soon as June 1, Reuters says
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