All Posts Tagged With: "RDSA"
(DOW) Three More Industries Thriving From Record-Low Natural Gas Prices
by Mike Kapsch, Investment U Research Tuesday, January 24, 2012 Since hitting a high of $15.37 in December 2005, the price of natural gas has plunged to its lowest level in over a decade to $2.30. That’s an 85% drop. As Reuters recently reported, “The unrelenting surge in...
31Jan2012 | InvestmentU | 0 comments | Continued(CVX) Chevron Hits Australian Gas Again
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...
21Jan2012 | vitalstocks | 0 comments | Continued(LNG) Will Natural Gas Rebound This Year?
Among the most commonly asked questions by energy investors this new year is: will low natural gas prices continue in 2012 or will we see a durable rebound in prices from their multi-year plight? From a peak of about $13.60 per million British thermal units (MMBtu) in 2008 (referring...
8Jan2012 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of oil in the pre-salt reservoirs of the country’s Santos Basin. The new well reinforces the region’s potential of 5-8 billion barrels of recoverable reserves. Drilled...
7Dec2011 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies Gets Wheatstone Deal
FMC Technologies Inc (FTI) has entered into a design, manufacture and supply agreement with the Australian unit of Chevron Corporation (CVX). The deal will fetch FMC approximately $325 million in revenue. Per the deal, the Australian subsidiary of FMC will deliver 11 sub-sea...
2Dec2011 | vitalstocks | 0 comments | Continued(E) Eni SpA Buys Stake in Evans Shoal Offshore Australia
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...
1Dec2011 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell plc-Iraq Joint Venture Goes Official
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...
30Nov2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Hits Oil in Campos Basin
Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of an accumulation of crude oil in Marlin Complex, offshore Campos basin. However, Petrobras did not disclose the amount of oil discovered. The presence of oil was traced in post-salt rocks through the well 4-VD-18-RJS...
30Nov2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Fined for Brazil Oil Spill
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...
28Nov2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Finds Oil in Santos Basin
Petroleo Brasileiro S.A. or Petrobras (PBR) confirmed the discovery of superior quality oil in the south Santos Basin well 4-SPS-91 (4-BRSA-1002-SPS). As per the oil sampling tests, the find was in an approximately 2,160 meters deep sandstone reservoir in the post-salt area known...
28Nov2011 | vitalstocks | 0 comments | Continued(CVX) Chevron’s Brazil Dream Sours
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...
28Nov2011 | vitalstocks | 0 comments | Continued(DPL) Alternative-Energy Stock Outlook – November 2011 – Industry Outlook
Historically, the growth outlook of alternative energy companies has been inversely related to the prices of petroleum products and directly related to the fortunes of the economy. In the near term, however, the fortunes of the alternative energy players are undergoing a radical...
19Nov2011 | vitalstocks | 0 comments | Continued(EIA) Oil and Gas Stock Outlook – October 2011 – Industry Outlook
OUTLOOK Crude Oil Mounting worries about Europe’s debt crisis, a persistently weak U.S. jobs market and less-than-encouraging guidance from the Federal Reserve have been weighing on investor sentiment, weakening oil prices to around $85 a barrel. Apprehensions about high...
20Oct2011 | vitalstocks | 0 comments | Continued(XOM) Exxon Analyst Maintains Neutral Rating
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...
6Oct2011 | vitalstocks | 0 comments | Continued(SSL) Natural Gas-to-Liquids Coming to U.S.
Attentive investors may have noted an announcement last week by the large South Africa-based energy and chemicals company Sasol (SSL). The firm said it was commencing an eighteen-month feasibility study to determine the commercial viability of one of two options: either a two...
21Sep2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA to Upgrade Troll Capacity
Statoil ASA (STO) has contracted Norway’s engineering group, Aibel, for the upgrade of a gas compression capacity on the Troll A platform in the North Sea. The contract is worth NOK 2.7 billion ($483 million). Per the agreement, Aibel is responsible for engineering, procurement,...
20Sep2011 | vitalstocks | 0 comments | Continued(BP) BP Analyst Maintains Neutral on Shares
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...
15Aug2011 | vitalstocks | 0 comments | Continued(VLO) Oil and Natural Gas Stock Outlook – July 2011 – Industry Outlook
Crude Oil The improving economic scene – both here in the U.S. as well as worldwide – and the continued unrest in producing countries had been the main driver of the oil rally, which saw the commodity zoom past the $110 per barrel level earlier this year. However, apprehensions...
20Jul2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Contracts Chicago Bridge & Iron Company for Gorgon
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...
17Jul2011 | vitalstocks | 0 comments | Continued(BP) BP to Revive North Sea Fields
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...
15Jul2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Strikes Oil Yet Again
Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two new oil and gas fields in the Espirito Santo basin, netting three finds in the arena. Although the estimated size of the fields was not disclosed, they definitely strengthen Petrobras’ position in the...
11Jul2011 | vitalstocks | 0 comments | Continued(SNP) China Petroleum and Chemical Corporation-Henan Win Chinese Blocks
China Petroleum and Chemical Corporation, or Sinopec (SNP) and Henan Provincial Coal Seam Gas Development and Utilization Co. were awarded a shale gas block each by the Chinese government in its first auction of the unconventional gas resource. The auction was initiated last...
10Jul2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Expands in Biofuel World
Brazilian state-run energy firm Petroleo Brasileiro S.A. or Petrobras (PBR) acquired a 50% stake in a local biodiesel company BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A. for 200 million Brazilian reals or $128.4 million. Petrobras executed the deal through its subsidiary...
5Jul2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Start Extended Well Test at Aruana
Brazilian state-run Petroleo Brasileiro S.A. or Petrobras (PBR) has commenced production of oil at the Aruana area, following the start-up of extended well test (EWT). The Aruana area is in the post-salt layer of the southern area of the Campos Basin offshore Brazil. Petrobras...
1Jul2011 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies and Royal Dutch Shell in Supply Deal
Offshore oilfield equipment manufacturer FMC Technologies Inc. (FTI) entered into an agreement with the Australian unit of Royal Dutch Shell plc (RDSA) for the supply of subsea production and associated topside systems. These equipments will be utilized for the development of...
29Jun2011 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell plc Gets Carbon Capture Aid
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...
27Jun2011 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Builds Australian Terminal
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...
26Jun2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Evenly Poised
We have maintained our Neutral recommendation on Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. with a price target of $35. We believe that continued demand growth in Brazil (expected to outperform developed countries in the next few years),...
24Jun2011 | vitalstocks | 0 comments | Continued(BP) BP Seeks $15B Project in Oman
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...
24Jun2011 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Fortifies UK Retail Sites
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...
22Jun2011 | vitalstocks | 0 comments | Continued