Stock Blog Hub » Major Integrated Oil & Gas

(CVX) Chevron: Still a Good Value

vitalstocks — Sun, 22 Jan 2012 17:54:20 +0000

San Ramon, California-based Chevron Corporation (CVX) is one of the six super major oil and gas companies in the world and the second-largest energy firm in the U.S. behind Exxon Mobil (XOM). As a vertically-integrated oil entity, it is engaged in oil and gas exploration and production, refining and marketing of petroleum products, manufacturing of [...]

(CVX) Chevron: Still a Good Value

(CVX) Chevron Hits Australian Gas Again

vitalstocks — Sat, 21 Jan 2012 20:38:23 +0000

The Australian subsidiary of global integrated energy company Chevron Corp. (CVX) announced the discovery of natural gas in the Satyr-3 well, offshore Western Australia. This discovery, 113 miles north of Exmouth Plateau area, marks Chevron’s thirteenth in the country since mid-2009. Located in the WA-374-P permit block in the Carnarvon Basin, the well was drilled [...]

(CVX) Chevron Hits Australian Gas Again

(XOM) U.S. Crude Oil Supplies Rise Sharply

vitalstocks — Fri, 13 Jan 2012 20:59:15 +0000

The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of soaring imports and dwindling product demand, while gasoline supplies rose for the second straight week. The agency’s report further revealed that distillate stocks posted a significantly larger-than-expected build. Meanwhile, refinery utilization rate was up by 0.6%. The [...]

(XOM) U.S. Crude Oil Supplies Rise Sharply

(XOM) Crude Oil Stocks Rise Unexpectedly

vitalstocks — Tue, 03 Jan 2012 19:16:25 +0000

The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of higher imports, while gasoline supplies fell for the second straight week. The agency’s report further revealed that distillate stocks posted a surprise build, as demand dropped. Meanwhile, refiners reduced processing rates by 0.7%. The Energy Information Administration [...]

(XOM) Crude Oil Stocks Rise Unexpectedly

(COP) Company News for December 28, 2011 – Corporate Summary

vitalstocks — Thu, 29 Dec 2011 15:58:36 +0000

• Share prices of oil and gas company Endeavour International Corp (NYSE:END) increased 24.06% after the company agreed to purchase a stake in three oil fields from ConocoPhillips’ (NYSE:COP) for $330 million • Retailer Sears Holdings Corp.’s (NASDAQ:SHLD) shares plummeted 27.20% to close at $33.38 after it confirmed plans to shut 100 stores. Sears also [...]

(COP) Company News for December 28, 2011 – Corporate Summary

(BP) Three European Oil Firms Strike Angola Deal

vitalstocks — Wed, 28 Dec 2011 12:27:20 +0000

With the aim of expanding individual footing in the energy sector of South Africa, three European oil biggies entered into three different deals with Sonangol, the National Fuel Company of Angola, to explore the undeveloped pre-salt offshore acreage. London, England-based BP plc (BP) received access to five more deepwater exploration and production blocks offshore Angola, [...]

(BP) Three European Oil Firms Strike Angola Deal

(XOM) Crude Oil – Fuel Inventories Move Up

vitalstocks — Fri, 09 Dec 2011 20:34:51 +0000

The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of higher imports, while gasoline supplies rose for the fourth straight week. The agency’s report further revealed that distillate stocks posted a higher-than-expected build, as production hit record high. Meanwhile, refiners improved processing rates by 3.1%. The Energy [...]

(XOM) Crude Oil – Fuel Inventories Move Up

(XOM) U.S. Crude Oil – Fuel Supplies Rise

vitalstocks — Fri, 02 Dec 2011 16:22:04 +0000

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles increased more than expected on higher imports, while gasoline supplies rose for the third straight week. The agency’s report further revealed that distillate stocks posted a surprise build, as production hit a record high. Meanwhile, refiners reduced processing rates by 0.9%. The Energy Information [...]

(XOM) U.S. Crude Oil – Fuel Supplies Rise

(E) Eni SpA Buys Stake in Evans Shoal Offshore Australia

vitalstocks — Thu, 01 Dec 2011 15:13:42 +0000

Italian oil major Eni SpA (E) has agreed to acquire a 40% stake in the Evans Shoal gas field in offshore Australia from the domestic firm Santos Ltd. As per the initial agreement, signed in late October, Eni will purchase stakes in the concession for a preliminary payment of $250 million and a contingent future [...]

(E) Eni SpA Buys Stake in Evans Shoal Offshore Australia

(RDSA) Royal Dutch Shell plc-Iraq Joint Venture Goes Official

vitalstocks — Wed, 30 Nov 2011 20:03:51 +0000

Following the approval from the Governmental bodies in mid-November, Iraq officially announced its natural gas exploration joint venture with Royal Dutch Shell plc (RDSA) and Japan’s Mitsubishi Corporation. The project, worth $17 billion, was inked almost three years after it was announced in 2008. The joint venture –– Basra Gas Company –– will aim to [...]

(RDSA) Royal Dutch Shell plc-Iraq Joint Venture Goes Official

(CVX) Chevron Fined for Brazil Oil Spill

vitalstocks — Mon, 28 Nov 2011 17:00:17 +0000

U.S. energy behemoth Chevron Corp. (CVX) has been slapped with a fine of R$50 million ($28 million) by Brazil’s environmental regulator – the Brazilian Institute of the Environment and Renewable Natural Resources, or Ibama – following an oil leak 74 miles off the coast of Rio de Janeiro. The ruling came after the super-major accepted [...]

(CVX) Chevron Fined for Brazil Oil Spill

(CVX) Chevron’s Brazil Dream Sours

vitalstocks — Mon, 28 Nov 2011 16:10:36 +0000

U.S. energy behemoth Chevron Corp. (CVX) has been temporarily suspended from ‘all drilling activities’ in Brazil by the country’s oil regulator – Agencia Nacional do Petroleo or ANP – following an oil leak 74 miles off the coast of Rio de Janeiro. The agency’s diktat will remain in effect until it identifies the causes of [...]

(CVX) Chevron’s Brazil Dream Sours

(XOM) Crude Oil and Distillate Stocks Tumble

vitalstocks — Sat, 26 Nov 2011 17:30:32 +0000

The U.S. Energy Department’s weekly inventory release showed an unexpected decrease in crude inventories, currently at their lowest level in almost two years, while gasoline supplies rose for the second straight week. The agency’s report further revealed that distillate stockpiles declined for the eighth-straight week to a three-year low despite production rising to a record [...]

(XOM) Crude Oil and Distillate Stocks Tumble

(XOM) U.S. Petroleum and Distillate Stocks Shrink

vitalstocks — Sun, 20 Nov 2011 20:33:07 +0000

The U.S. Energy Department’s weekly inventory release showed that crude inventories moved down, while gasoline stocks added to their supplies. The agency’s report further revealed that distillate stockpiles declined for the seventh-straight week. Meanwhile, refiners improved processing rates by 2.2%. The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous [...]

(XOM) U.S. Petroleum and Distillate Stocks Shrink

(COP) ConocoPhillips Beats The Street – Volume Falls

vitalstocks — Wed, 26 Oct 2011 16:18:13 +0000

ConocoPhillips (COP) reported third-quarter 2011 adjusted earnings of $2.52 per share, comfortably beating the Zacks Consensus Estimate of $2.16. The earnings were also better than the year-earlier profit of $1.50. The outperformance was mainly on the back of higher price realizations and better global refining margins, partially offset by lower upstream volumes as well as [...]

(COP) ConocoPhillips Beats The Street – Volume Falls

(PZE) Latch Onto The Next Big Shale Gas Boom

InvestmentU — Mon, 10 Oct 2011 18:34:38 +0000

by Justin Dove, Investment U Research Friday, October 7, 2011 Which country has the most shale gas reserves outside of the United States and China? Canada? Nope. Australia? Wrong again. According to the U.S. Energy Information Administration, Argentina ranks third in recoverable shale gas reserves. Argentina has 774 trillion cubic feet (Tcf) of technically recoverable [...]

(PZE) Latch Onto The Next Big Shale Gas Boom

(XOM) Exxon Analyst Maintains Neutral Rating

vitalstocks — Thu, 06 Oct 2011 23:48:56 +0000

We have maintained our Neutral recommendation for the world’s largest publicly traded oil company, ExxonMobil Corporation (XOM) for the long term. The oil giant’s superior record of return on capital employed, excellent credit profile and access of significant unconventional resources were partially mitigated by its relatively low 2011 production growth target. ExxonMobil is the world’s [...]

(XOM) Exxon Analyst Maintains Neutral Rating

(XOM) U.S. Crude Oil, Fuel Inventories Rise

vitalstocks — Thu, 06 Oct 2011 15:34:58 +0000

The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles following three consecutive weeks of decline. The agency’s report further revealed that both gasoline and distillate stocks added to their supplies, while refiners reduced processing rates by 0.5%. The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for [...]

(XOM) U.S. Crude Oil, Fuel Inventories Rise

(XOM) U.S. Crude Oil and Fuel Inventories Rise

vitalstocks — Tue, 04 Oct 2011 22:07:40 +0000

(XOM) U.S. Crude Oil and Fuel Inventories Rise

(XOM) ExxonMobil Enters Oil-Rich Utica

vitalstocks — Sat, 24 Sep 2011 18:54:05 +0000

ExxonMobil Corporation (XOM) is all set to exploit Ohio’s Utica Shale, supposedly one of the biggest sources of crude oil in the United States. The company has made its entry into the oil-rich fields of Utica Shale by acquiring leases in it. Exxon declined to divulge details regarding the acreage acquired or the amount paid. [...]

(XOM) ExxonMobil Enters Oil-Rich Utica

(XOM) U.S. Crude Oil Stocks at 8-Month Low

vitalstocks — Sat, 24 Sep 2011 18:27:55 +0000

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell sharply to reach their lowest level since January, while gasoline stocks added to their supplies. The data further revealed that U.S. distillate stocks fell by a modest 874,000 barrels. Meanwhile, refiners improved processing rates by 1.3%. The Energy Information Administration (“EIA”) Petroleum Status [...]

(XOM) U.S. Crude Oil Stocks at 8-Month Low

(XOM) Cold Hard Profits on the Roof of the World

InvestmentU — Mon, 19 Sep 2011 20:35:27 +0000

by Carl Delfeld, Global Equities & Emerging Markets Specialist, Investment U Thursday, September 15, 2011: Issue #1601 I have visited some crazy places in search of investment opportunities, but the Arctic Circle was not at the top of my list. After all, doesn’t the average person think it’s a huge chunk of ice with some [...]

(XOM) Cold Hard Profits on the Roof of the World

(XOM) U.S. Crude Oil Inventory Stocks Dip – Products Build

vitalstocks — Sat, 17 Sep 2011 17:43:52 +0000

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell more than twice that of analyst expectations to reach their lowest level since February, as Tropical Storm Lee reduced production. However, the overall nature of the data is bearish with gasoline and distillate both adding to their supplies. Meanwhile, refiners reduced processing rates [...]

(XOM) U.S. Crude Oil Inventory Stocks Dip – Products Build

(XOM) U.S. Imports Tumble – Crude Oil Stocks Fall

vitalstocks — Sun, 11 Sep 2011 16:44:59 +0000

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell more than expected as imports tumbled, while gasoline and distillate both added to their supplies. Meanwhile, refiners reduced processing rates by 0.2%. The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending Friday, outlines information regarding [...]

(XOM) U.S. Imports Tumble – Crude Oil Stocks Fall

(XOM) U.S. Energy Department Weekly Inventory Release – Surprise Build in Crude Stockpiles

vitalstocks — Fri, 02 Sep 2011 18:01:13 +0000

The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles. The agency’s report further revealed that distillate stocks added to supplies, while gasoline inventories declined. Meanwhile, refiners reduced processing rates by 1.1%. The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending Friday, outlines [...]

(XOM) U.S. Energy Department Weekly Inventory Release – Surprise Build in Crude Stockpiles

(XOM) U.S. Energy Department’s EIA Data Indicates Mixed Trends

vitalstocks — Fri, 26 Aug 2011 22:29:59 +0000

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell unexpectedly as imports dropped, while gasoline and distillate both added to their supplies. Meanwhile, refiners enhanced processing rates by 1.2%. The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending on Friday, outlines information regarding the [...]

(XOM) U.S. Energy Department’s EIA Data Indicates Mixed Trends

(COP) Stock Market News for August 24, 2011 – Market News

vitalstocks — Wed, 24 Aug 2011 17:00:16 +0000

Neither the East Coast earthquake nor weaker-than-expected domestic economic reports could prevent the markets from staging a strong rally that also saw the Dow posting its best gains in two weeks. Encouraging global economic reports helped to boost the mood of the investors, who were already tempted by the cheap prices of beaten-down bellwether stocks. [...]

(COP) Stock Market News for August 24, 2011 – Market News

(BP) BP Analyst Maintains Neutral on Shares

vitalstocks — Mon, 15 Aug 2011 14:03:01 +0000

We are maintaining our long-term Neutral rating on one of the world’s largest energy companies, BP Plc (BP). Although the company missed our expectation in the second quarter of 2011, its string of upstream activities keeps us upbeat on its ability to regain its old form. Last quarter, BP reported lower-than-expected second-quarter 2011 earnings mainly [...]

(BP) BP Analyst Maintains Neutral on Shares

(COP) Dividends Are a Good Source of Income – Finding High (and Rising) Dividends

vitalstocks — Wed, 10 Aug 2011 14:37:09 +0000

These may be the times that try men’s souls, but this is also the sort of time when long-term investors can snatch up great bargains. What do I mean by a great bargain? A good solid company selling at a low valuation. The reason you buy stocks is that they represent partial interest in a [...]

(COP) Dividends Are a Good Source of Income – Finding High (and Rising) Dividends

(COP) Stock Market News for August 1, 2011 – Market News

vitalstocks — Mon, 01 Aug 2011 16:40:58 +0000

Benchmarks took a battering to register their worst weekly performance in a year as the stalemate over the debt-ceiling crisis pushed the US closer to losing its ‘AAA’ rating. Investor sentiment was dragged even lower as data revealed economic growth in the first half of the year had receded to the slowest pace since the [...]

(COP) Stock Market News for August 1, 2011 – Market News

(CVX) Stock Market News for July 29, 2011 – Market News

vitalstocks — Fri, 29 Jul 2011 19:35:45 +0000

Momentum from positive economic reports in the morning session were washed out on Thursday afternoon, as investors remained apprehensive ahead of the key vote in Congress on the debt-ceiling issue. Finally, just before the closing bell, markets lost all their gains to drop modestly lower with the Dow being the hardest hit and the fear-gauge [...]

(CVX) Stock Market News for July 29, 2011 – Market News

(CVX) Chevron Contracts Chicago Bridge & Iron Company for Gorgon

vitalstocks — Sun, 17 Jul 2011 18:25:43 +0000

U.S. energy giant Chevron Corporation (CVX), through its Australian subsidiary, has awarded a $2.3 billion mechanical, electrical and instrumentation work contract to Netherlands-based Chicago Bridge & Iron Company (CBI). The contract is dedicated for the development of Chevron’s Gorgon Project in Australia. Per the terms of the deal, Chicago Bridge & Iron will execute structural, [...]

(CVX) Chevron Contracts Chicago Bridge & Iron Company for Gorgon

(BP) BP to Revive North Sea Fields

vitalstocks — Fri, 15 Jul 2011 13:48:23 +0000

BP Plc (BP) and its partners have signed a £3 billion (US$4.8 billion) agreement for the redevelopment of two oil fields in the North Sea. The deal is as a part of BP’s strategy to uphold a superior business standard in the region despite a recent tax hike on oil and gas production in British [...]

(BP) BP to Revive North Sea Fields

(PTR) PetroChina in Talks With Vietnam National Petroleum Corporation

vitalstocks — Tue, 12 Jul 2011 16:58:41 +0000

State-controlled Chinese energy giant PetroChina (PTR) is in talks with Vietnam National Petroleum Corporation, or Petrolimex, for a $212 million project that will strengthen business ties between the two companies. Under the venture, the companies plan to build a pipeline having an initial annual capacity of 10 million tons of petrol, diesel and other products. [...]

(PTR) PetroChina in Talks With Vietnam National Petroleum Corporation

(TOT) TOTAL S.A. Strengthens Italian Footprint

vitalstocks — Mon, 11 Jul 2011 15:57:44 +0000

French oil producer TOTAL S.A. (TOT) recently acquired Esso Italiana’s 25% stake in the Gorgoglione concession, comprising the Tempa Rossa field, where the company already has a 50% stake. As part of the deal, TOTAL also bought 51.7% interest each in two other exploration licenses in the same area from Esso Italiana. Located in Basilicata, [...]

(TOT) TOTAL S.A. Strengthens Italian Footprint

(E) Eni SpA Commences Appaloosa Oil Flow

vitalstocks — Mon, 11 Jul 2011 15:33:49 +0000

Italian oil major Eni SpA (E) announced the start-up of oil production from the Appaloosa field in the deepwaters of the U.S. Gulf of Mexico (GoM). This follows the Nikaitchuq field start-up in Alaska earlier this year and strengthens Eni’s hold as a producer in the GoM. The Appaloosa oil field is situated in 2,500 feet [...]

(E) Eni SpA Commences Appaloosa Oil Flow

(PTR) PetroChina, INEOS Complete Joint Ventures

vitalstocks — Wed, 06 Jul 2011 19:28:14 +0000

State-controlled Chinese energy giant PetroChina Co. Ltd. (PTR) has closed the formation of its previously announced two joint ventures with a privately held British chemicals firm, INEOS Group Holdings plc. PetroChina contributed $1.015 billion in cash for the shares in the joint ventures and executed the deal through its subsidiary PetroChina International (London) Company. Although [...]

(PTR) PetroChina, INEOS Complete Joint Ventures

(XOM) ExxonMobil Oil Leak in Yellowstone River

vitalstocks — Wed, 06 Jul 2011 00:13:15 +0000

An ExxonMobil Corporation (XOM)-operated pipeline running into the Yellowstone River in south central Montana ruptured last Friday, spilling hundreds of barrels of crude oil into the river. The company has closed down the pipeline, which is linked to the Billings facility, and has isolated the affected segment. ExxonMobil estimated that as many as 1,000 barrels [...]

(XOM) ExxonMobil Oil Leak in Yellowstone River

(CVX) Chevron Expanding Caspian Pipeline

vitalstocks — Wed, 06 Jul 2011 00:06:52 +0000

Integrated energy company Chevron Corporation (CVX), through its subsidiary Chevron Neftegaz, has commenced the construction for the expansion of the Caspian pipeline. The total value of the development project is estimated at $5.4 billion. The venture intends to enhance the capacity of the 900-mile long pipeline to 1.4 million barrels per day from its current [...]

(CVX) Chevron Expanding Caspian Pipeline

(COP) ConocoPhillips and Karoon Drilling Plan OK’d

vitalstocks — Wed, 06 Jul 2011 00:06:10 +0000

The joint venture between ConocoPhillips (COP) and Karoon Gas Australia Ltd. (KAR) got the government approval to initiate a drilling operation in three blocks of the Browse Basin, about 350 kilometers off the northwest coast in Australia. The drilling campaign was postponed due to increased environmental scrutiny. With the approval, the joint venture has entered [...]

(COP) ConocoPhillips and Karoon Drilling Plan OK’d

(BP) BP Restores Two Texas Units

vitalstocks — Mon, 04 Jul 2011 16:14:42 +0000

As per an emissions report filed with state regulators, British energy giant BP Plc (BP) has restarted its gasoline-producing fluidic catalytic cracking (FCC) unit No.1 in its Texas city refinery. The unit of the 437,080-barrels-per-day (bpd) refinery was shut in April following an electrical power failure. It was restarted and then was forced to go [...]

(BP) BP Restores Two Texas Units

(CVX) Chevron to Tap Carabobo Oil in 2012

vitalstocks — Thu, 30 Jun 2011 21:26:23 +0000

According to a company executive, U.S. energy behemoth Chevron Corp. (CVX) expects the start-up of an oil field in Venezuela’s Orinoco Belt next year. The super major is confident that it can commence production from Orinoco’s Carabobo Project 3 – which has estimated reserves of 66 billion barrels – in September 2012. The Orinoco Belt, [...]

(CVX) Chevron to Tap Carabobo Oil in 2012

(COP) ConocoPhillips to Divest East Boston Terminal

vitalstocks — Thu, 30 Jun 2011 20:43:13 +0000

ConocoPhillips (COP) has signed an asset sale agreement with Sunoco Logistics Partners LP (SXL) for its refined products terminal in East Boston, Massachusetts. Houston-based ConocoPhillips agreed to sell the terminal for $56 million in addition to the fair value of inventory. The facility can store up to 1.2 million barrels of oil. It enjoys exclusive [...]

(COP) ConocoPhillips to Divest East Boston Terminal

(RDSA) Royal Dutch Shell plc Gets Carbon Capture Aid

vitalstocks — Mon, 27 Jun 2011 18:52:22 +0000

Royal Dutch Shell plc (RDSA) has entered into an agreement with the governments of Alberta and Canada for the funding of its Quest Carbon Capture and Storage (CCS) project in Canada. The Alberta government will fund C$745 million for the project, while the Canadian government will contribute C$120 million, netting C$865 million ($873 million). The [...]

(RDSA) Royal Dutch Shell plc Gets Carbon Capture Aid

(XOM) U.S. Strategic Petroleum Reserve Oil to Ease Prices?

vitalstocks — Sun, 26 Jun 2011 17:22:56 +0000

In a surprise move, U.S. and its allies in the Paris-based International Energy Agency (“IEA”) – the energy-monitoring body of 28 industrialized countries – have announced the release of 60 million barrels of emergency crude supplies from government-held strategic reserves into the world market over the next 30 days. Of the total volume, half (or [...]

(XOM) U.S. Strategic Petroleum Reserve Oil to Ease Prices?

(PTR) PetroChina Cut to Neutral

vitalstocks — Sun, 26 Jun 2011 17:22:16 +0000

We have downgraded PetroChina Co. Ltd. (PTR) ADRs to Neutral from Outperform, particularly driven by the high-priced gas imports in the face of low domestic gas sale prices. As more high-priced gas import is being brought in, there is an urgent need for PetroChina to press the government to raise artificially low domestic gas sale [...]

(PTR) PetroChina Cut to Neutral

(XOM) ExxonMobil Builds Australian Terminal

vitalstocks — Sun, 26 Jun 2011 16:44:20 +0000

A subsidiary of ExxonMobil Corp. (XOM) plans to initiate the construction of a new 9 million liter diesel fuel tank at the Birkenhead fuel terminal in Adelaide, Australia. Mobil Oil Australia Pty Ltd (Mobil), a subsidiary of ExxonMobil Australia Pty Ltd, owns the Birkenhead fuel terminal jointly with Royal Dutch Shell plc (RDSA). This new [...]

(XOM) ExxonMobil Builds Australian Terminal

(BP) BP Seeks $15B Project in Oman

vitalstocks — Fri, 24 Jun 2011 16:34:28 +0000

BP Plc (BP) plans to make a $15 billion capital investment in Oman over a 10-year period to form one of its largest global ventures. The company plans to develop 300 wells over the period for its Block 61 tight gas field development project in Oman. Out of the proposed capital investment plan, the U.K. [...]

(BP) BP Seeks $15B Project in Oman

(RDSA) Royal Dutch Shell Fortifies UK Retail Sites

vitalstocks — Thu, 23 Jun 2011 01:02:55 +0000

The British unit of Royal Dutch Shell plc (RDSA) entered into an agreement with Rontec Investments LLP –– led by Snax 24 Consortium –– to acquire 254 petrol retail sites in the U.K. The purchase price of the deal was settled at $400 million or £240 million. Management commented that this deal marks Shell’s single [...]

(RDSA) Royal Dutch Shell Fortifies UK Retail Sites

(TOT) TOTAL S.A. Sheds U.K. Downstream Business

vitalstocks — Wed, 22 Jun 2011 21:11:39 +0000

Integrated oil and gas company TOTAL S.A. (TOT) decided to sell most of its downstream assets in the United Kingdom to Rontec Investments LLP for £400 million or $647.4 million. The downstream assets earmarked for sale include TOTAL’s UK retail network, comprising 810 TOTAL-branded service stations, its Butler heating oil business, the associated logistics infrastructure, [...]

(TOT) TOTAL S.A. Sheds U.K. Downstream Business