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Stock Market & Financial Investment News

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February 14, 2014
05:18 EDTXOMExxon Mobil announces first production from Damar gas development
Exxon Mobil announced the start of natural gas production at the Damar field off the east coast of Peninsular Malaysia. ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc., has a 50 percent interest in the project. The Damar field has a projected capacity of 200 million cubic feet of gas per day. ExxonMobil and joint-venture partner Petronas Carigali Sdn. Bhd. have planned a total of 16 development wells for the platform. Damar was developed under a gas production sharing contract between ExxonMobil, Petronas Carigali and Petronas. ExxonMobil is the operator of the Damar field and Petronas Carigali holds a 50% interest. The Damar startup follows the previously announced Telok gas development in Malaysia, which began production in March 2013. The projects provide additional gas supplies to help meet Malaysia's power and industrial needs and promote growth of the country’s natural gas industry.
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April 22, 2014
07:30 EDTXOMExxon closes U.K. pipeline as police probe fuel robbery, Reuters says
Exxon Mobil closed one of the U.K's primary underground fuel pipelines after police discovered a stash of diesel they thought was siphoned off by robbers, according to Reuters, citing a statement from the police officers involved. Reference Link
April 16, 2014
18:38 EDTXOMFidelity Contrafund adds to Tesla position, Reuters says
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