Major Integrated Oil & Gas

(TOT) TOTAL S.A. Gets a New Partner in Congo

Integrated oil and gas company TOTAL S.A. (TOT) and Qatar Petroleum International (QPI) signed an agreement to develop oil projects in Congo. Per the agreement Qatar Petroleum International will acquire a 15% share of Total E&P...

12Sep2013 | | Comments Off on (TOT) TOTAL S.A. Gets a New Partner in Congo | Continued

(XOM) U.S. Crude Supplies Fall from Record Highs

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an unexpected decrease from their all-time high level, as refiner demand strengthened and production fell. The report further revealed that product inventories – gasoline and distillate – increased...

15Jul2013 | | Comments Off on (XOM) U.S. Crude Supplies Fall from Record Highs | Continued

(BP) BP plc and Partners Total SA – Petroleo Brasileiro S.A. Win Brazilian Acreage

The U.K. supermajor BP plc (BP) along with its partners Total SA (TOT), Petroleo Brasileiro S.A., or Petrobras (PBR)...

2Jul2013 | | Comments Off on (BP) BP plc and Partners Total SA – Petroleo Brasileiro S.A. Win Brazilian Acreage | Continued

(CVX) Chevron Hits 52-Week High

Shares of Chevron Corp. (CVX) hit a 52-week high of $122.33 on May 2. In fact, the San Ramon, Calif.-based energy giant has seen its stock price climb some 10% since the beginning of the year. This price appreciation can be attributed...

17May2013 | | Comments Off on (CVX) Chevron Hits 52-Week High | Continued

(CVX) Oil and Gas Stock Outlook – May 2013 – Zacks Analyst Interviews

OUTLOOK

Crude Oil

Record-high U.S. crude stocks, a struggling European economy, worries about China’s growth outlook, and the strong dollar have weakened oil prices to around mid-$90s a barrel. Partly offsetting this unfavorable view has been the improvement in domestic...

17May2013 | | Comments Off on (CVX) Oil and Gas Stock Outlook – May 2013 – Zacks Analyst Interviews | Continued

(XOM) ExxonMobil Ensues $10 Billion Gas Facility

Energy giant, ExxonMobil Corporation (XOM), has inked an agreement with Qatar Petroleum International to proceed with the construction of a natural gas export terminal in Texas, valued at $10 billion, as per Bloomberg reports.

Golden...

15May2013 | | Comments Off on (XOM) ExxonMobil Ensues $10 Billion Gas Facility | Continued

(XOM) Exxon Mobil Faces $236 Million Fine

Exxon Mobil Corp (XOM) was directed by a jury ruling to pay $236 million to New Hampshire to clean groundwater contamination caused by the gasoline additive Methyl Tertiary Butyl Ether (MTBE). Exxon Mobil added MTBE to gasoline to...

18Apr2013 | | Comments Off on (XOM) Exxon Mobil Faces $236 Million Fine | Continued

(XOM) ExxonMobil to Drill Liberia Block 13

Oil giant ExxonMobil Corporation’s (XOM) Liberian affiliate has finally completed the acquisition of an 80% interest in Liberia Block 13 (LB-13) from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL). Liberia Block 13 is 18 miles...

18Apr2013 | | Comments Off on (XOM) ExxonMobil to Drill Liberia Block 13 | Continued

(COP) ConocoPhillips Joins Alaskan Exodus

ConocoPhillips (COP) has suspended its plans to drill in Alaskan Arctic waters in 2014 because of doldrums over federal regulatory and permitting standards. Earlier in Mar, Royal Dutch Shell PLC (RDS.A)...

12Apr2013 | | Comments Off on (COP) ConocoPhillips Joins Alaskan Exodus | Continued

(E) Eni SpA in $4.21 Billion Deal with China National Petroleum Corporation

Italian energy giant Eni SpA (E) has inked a $4.21 billion deal with China National Petroleum Corporation (CNPC) for divesting a stake of about 20% in Area 4, offshore Mozambique.

CNPC farmed into the prospect by purchasing 28.57%...

24Mar2013 | | Comments Off on (E) Eni SpA in $4.21 Billion Deal with China National Petroleum Corporation | Continued

(XOM) ExxonMobil Joins PetroChina in Iraqi West Qurna Oilfield Venture

China’s largest oil and gas producer – PetroChina – is interested in joining Texas-based ExxonMobil Corporation (XOM), for the development of West Qurna oilfield in southern Iraq. Both parties are yet to finalize on the size...

5Mar2013 | | Comments Off on (XOM) ExxonMobil Joins PetroChina in Iraqi West Qurna Oilfield Venture | Continued

(CVX) Chevron Conducts Test at St. Malo PS003 Well in The Gulf of Mexico

U.S. oil major Chevron Corporation (CVX) announced that it carried out a production test at St. Malo PS003 well located in the deepwater Gulf of Mexico. The attempt was successful, with oil flow rate reported to be over 13,000 barrels...

5Mar2013 | | Comments Off on (CVX) Chevron Conducts Test at St. Malo PS003 Well in The Gulf of Mexico | Continued

(TOT) SunPower Renews GRID Partnership

SunPower Corporation (SPWR), a Silicon Valley-based manufacturer of high efficiency solar cells, solar panels and solar systems announced that it is renewing its supplier partnership with GRID Alternatives.

GRID Alternatives...

24Feb2013 | | Comments Off on (TOT) SunPower Renews GRID Partnership | Continued

(COP) Phillips 66 Raises Dividend (revised)

Oil refiner Phillips 66 (PSX) has increased its quarterly common stock dividend by 25% to 31.25 cents per share. The new dividend will be paid on Mar 1, 2013 to shareholders of record as of Feb 21, 2013 (please note: this date was...

19Feb2013 | | Comments Off on (COP) Phillips 66 Raises Dividend (revised) | Continued

(E) Eni SpA Algerian Project Yields Gas

Italian energy major Eni SpA (E) and its partner, the Algerian state company Sonatrach, have commenced gas production from its Menzel Ledjmet East (MLE) field in Algeria. The cost for the development of the MLE project, including the...

18Feb2013 | | Comments Off on (E) Eni SpA Algerian Project Yields Gas | Continued

(BP) BP Gets Shah Deniz Extension Nod

BP Plc (BP) received an additional 5-year extension (2031 to 2036) from Azerbaijan related to the Shah Deniz gas project. The extension follows the company’s deferment of the start date for phase 2 of the project.

The British...

31Jan2013 | | Comments Off on (BP) BP Gets Shah Deniz Extension Nod | Continued

(CVX) Oil & Gas Stock Outlook – January 2013 – Industry Outlook

OUTLOOK

Crude Oil

High U.S. crude and fuel stocks, worries about North America and Europe’s growth outlook, a strong dollar and an impending fight over raising the U.S. debt ceiling have weakened oil prices to around low-$90s a barrel. Partly offsetting this unfavorable...

18Jan2013 | | Comments Off on (CVX) Oil & Gas Stock Outlook – January 2013 – Industry Outlook | Continued

(XOM) U.S. Refined Product Supplies Soar

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an increase, as imports climbed and refinery demand weakened. The report further revealed that refined product inventories – gasoline and distillate – soared from their previous week levels on weakening...

15Jan2013 | | Comments Off on (XOM) U.S. Refined Product Supplies Soar | Continued

(CVX) Chevron Crude Unit to be Back in February

U.S. energy behemoth Chevron Corporation (CVX) is almost through with repair work at its Richmond, California, refinery crude unit, according to people familiar with the situation. The integrated major could bring the facility online...

15Jan2013 | | Comments Off on (CVX) Chevron Crude Unit to be Back in February | Continued

(BP) BP Plc Starts Skarv Production

BP Plc (BP) has successfully commenced production from the Skarv field in the Norwegian Sea. The oil giant had a key operational objective of bringing the field — one of its core higher-margin areas –– into production by the end...

10Jan2013 | | Comments Off on (BP) BP Plc Starts Skarv Production | Continued

(CVX) Chevron, Brazil Nearing Settlement?

U.S. energy behemoth Chevron Corporation (CVX) is willing to shell out $150 million to resolve two civil lawsuits in Brazil associated with an oil leak 74 miles off the coast of Rio de Janeiro in November 2011. The civil suits –...

24Dec2012 | | Comments Off on (CVX) Chevron, Brazil Nearing Settlement? | Continued

(XOM) Exxon Chooses Technip for Balder

U.S. supermajor ExxonMobil Corporation (XOM) has selected France’s Technip for its Balder Phase III development in the Norwegian North Sea.

Per the contract, Technip will be accountable for the installation, tie-in and pressure...

21Dec2012 | | Comments Off on (XOM) Exxon Chooses Technip for Balder | Continued

(XOM) U.S. Crude Oil Drilling Production at 18-Yr High

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles increased, as production climbed to its highest level in 18 years. The report further revealed that refined product inventories – gasoline and distillate – decreased from their previous week levels, as demand...

3Dec2012 | | Comments Off on (XOM) U.S. Crude Oil Drilling Production at 18-Yr High | Continued

(XOM) U.S. Crude Oil and Fuel Supplies Fall

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged a surprise decline, as imports fell. The report further revealed that refined product inventories – gasoline and distillate – decreased from their previous week levels. Meanwhile, refiners scaled up...

27Nov2012 | | Comments Off on (XOM) U.S. Crude Oil and Fuel Supplies Fall | Continued

(PTR) PetroChina Company – ADS – Bear of the Day

Following PetroChina Co. Ltd.’s (PTR) dismal third quarter showing, we are downgrading the Chinese energy giant to Underperform from Neutral. The Beijing-based integrated outfit recently posted weak quarterly results on the back...

12Nov2012 | | Comments Off on (PTR) PetroChina Company – ADS – Bear of the Day | Continued

(XOM) U.S. Refined Petroleum Products Inventory Increased

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles increased, as production climbed. The report further revealed that refined product inventories – gasoline and distillate – increased from their previous week levels. In particular, gasoline supplies in the...

9Nov2012 | | Comments Off on (XOM) U.S. Refined Petroleum Products Inventory Increased | Continued

(BP) BP’s Target in Azerbaijan Way Short

The U.K. major BP Plc (BP) seems to have another battle ahead with the development of the oilfield block Azeri-Chirag-Gunashli (ACG) in the Azerbaijani sector of the Caspian Sea.

The woes at BP seem unending with the British...

23Oct2012 | | Comments Off on (BP) BP’s Target in Azerbaijan Way Short | Continued

(BP) BP to Offload Texas City Refinery

The U.K. energy giant BP Plc (BP) plans to offload its Texas City refinery as well as other properties to Ohio-based Marathon Petroleum Corp. (MPC). This move is integral...

16Oct2012 | | Comments Off on (BP) BP to Offload Texas City Refinery | Continued

(BP) BP to Shed PTA Plant to Reliance

BP Plc (BP) entered into a deal with India’s Reliance Global Holdings Pte. Ltd. to sell its purified terephthalic acid (PTA) production plant in Malaysia. This all-in-cash deal is worth $230 million and is expected to be completed...

9Oct2012 | | Comments Off on (BP) BP to Shed PTA Plant to Reliance | Continued

(XOM) ExxonMobil Eyes Dunquin Field in Ireland

Energy giant ExxonMobil Corporation (XOM) announced its plan to spud the massive Dunquin gas/condensate prospect by early 2013. Lying to the west of Ireland – Dunquin prospect – will be drilled by semisubmersible rig –...

9Oct2012 | | Comments Off on (XOM) ExxonMobil Eyes Dunquin Field in Ireland | Continued