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Stock Market & Financial Investment News

News Breaks
December 10, 2012
07:25 EDTYPF, REPYY, STO, CVXYPF, Statoil in talks about shale partnership, FT reports
YPF (YPF), which continues to seek partners to help develop its large shale gas reserves, which are the world's third largest, is in talks with Statoil (STO) about a potential partnership, reported Financial Times. YPF is still close to also signing deals with Chevron (CVX) and Bridas Corp, the report noted. Reference Link
News For YPF;STO;REPYY;CVX From The Last 14 Days
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June 25, 2015
13:08 EDTCVXPenn Virginia higher after blog speculates on another deal
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12:07 EDTCVXBP said to make $8/share bid for Penn Virginia, Proactive Investors blog says
BP (BP) has made a $8 per share takeover bid for Penn Virginia (PVA), but the latter rejected the bid and is "holding out" for at least $10 per share, UK investor blog Proactive Investors claimed, citing people familiar with the matter. ExxonMobil (XOM) and Chevron (CVX) may also be interested in buying Penn Virginia, according to Proactive, which identifies itself as a "leading multi-media news organisation, investor portal and events management business." Penn Virginia shares are up 7% in midday trading following the report from the blog, which was previously credited for a report on alleged takeover advances made toward drugmaker Receptos (RCPT). Reference Link
09:34 EDTCVXActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
June 24, 2015
07:19 EDTCVXU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 19, 2015
09:27 EDTCVXPacific Drilling tender canceled by Chevron, says Raymond James
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June 18, 2015
06:22 EDTCVXPetrovietnam says acquires Chevron's Vietnam assets
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June 17, 2015
10:00 EDTCVXOn The Fly: Analyst Upgrade Summary
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05:24 EDTCVXChevron upgraded to Buy from Hold at Societe Generale
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June 16, 2015
14:34 EDTCVXChevron upgraded to Buy from Hold at Societe Generale
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05:58 EDTSTOStatoil says to cut 1,100-1,500 permanent employees by end of 2016
The effort to standardize, simplify and increase efficiency across Statoil enters the next phase. The potential workforce reduction is estimated at 1,100–1,500 permanent employees by end 2016. In addition Statoil will further reduce the number of consultants by around 525. The estimate for workforce reductions reflects the STEP efficiency potential and further corporate improvements over the coming 18 months. "We regret the need for further reductions, but the improvements are necessary to strengthen Statoil’s competitiveness and secure our future value creation," says Anders Opedal, EVP and COO in Statoil. The improvement programme and strict capital expenditure prioritization was initiated in 2013, addressing the industry wide cost and competitiveness challenge, well ahead of the current downturn. Since end 2013 the workforce has been reduced by 1,340 permanent employees and 995 external consultants. The reductions are achieved through more limited use of consultants, attrition, internal deployment into new positions, severance packages and early retirement. Recruitment has been very limited, but the company has upheld its focus on recruiting apprentices and graduates. The implementation of the improvement agenda continues in coming weeks and months. The changes and actions from STEP have been decided after consultation with the employees’ representatives, and these will now be handed over to the Business Areas for implementation. Statoil has committed to delivering $1.7B in annual savings from the improvement program in 2016, and beyond.

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