All Posts Tagged With: "RDSA"
(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...
(BP) BP Receives Wytch Farm Bid
British energy giant BP Plc. (BP) has received a bid for its stake in the Wytch Farm oil field, located in southwest England. The bidder – Premier Oil – is the second largest partner in Wytch Farm after...
(STO) Statoil ASA to Use Subsea Compression
Statoil ASA (STO) is on track to boost its gas recovery rate at subsea wells in various fields. Accordingly, the Norwegian company plans to implement subsea compression — an advanced process for production...
(PBR) Petrobras Acquires Stake in Gabon
Brazilian oil giant Petróleo Brasileiro S.A. or Petrobras (PBR) has acquired 50% stake in two exploration blocks offshore Gabon. The company did not disclose the financial details of the deal, which was executed...
(STO) Statoil ASA Reaches Leismer Milestone
Norwegian operator Statoil ASA (STO) has reached a production milestone of 1 million barrels of oil at its Leismer Demonstration Project (LDP) in northern Alberta, Canada.
Although oil sands require...
(STO) Statoil ASA to Offload Gassled Stake
Statoil ASA (STO) announced plans to divest majority of its stake in the Gassled joint venture for 17.35 billion kroner, or about $3.25 billion, in an effort to streamline its portfolio. The deal is subject...
(CVX) Chevron Contracts to AusGroup
The Australian unit of Chevron Corporation (CVX) awarded a major pipe stool manufacturing contract to AusGroup for the Gorgon liquefied natural gas (LNG) project. The value of the deal has been estimated at...
(XOM) Big Oil Tax Credits Survive
A bill to scale back multi-billion-dollar tax breaks for major oil firms was defeated in the U.S. Senate on Tuesday. The Democrat-sponsored measure to strip the companies of about $21 billion in tax subsidies over the next 10 years and steer the savings to reduce the federal...
(PBR) Petrobras: Another Strong Quarter
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced its first quarter earnings of R$10,985.0 million or R$0.84 per share, compared with R$7,726.0 million or R$0.88...
(XOM) Senate Junks Offshore Drilling Bill
While motorists continue to complain over high gasoline prices, the Democrats and Republicans are engaged in a bitter fight as to what course of action to take.
A bill that would have accelerated and expanded offshore oil drilling was defeated in the U.S. Senate on...
(DRQ) Dril-Quip Earnings Report Beats Consensus
Dril-Quip Inc.’s (DRQ) adjusted first-quarter 2011 earnings of 58 cents per share beat the Zacks Consensus Estimate by a penny. However, quarterly earnings dropped 18% from the year-ago adjusted profit level...
(MRO) Marathon Oil Reports Jump in First Quarter 2011 Profits
Marathon Oil Corporation (MRO) – the fifth largest refiner and marketer of petroleum products in the U.S. – reported a jump in its first-quarter 2011 profits.
As has been the case with the larger...
(BP) The BP Oil Spill – One Year Later
by Tony D’Altorio, Investment U Research
Tuesday, April 26, 2011
April...
(BP) BP Quarterly Earnings Report Falls Short of Expectations
BP Plc (BP) reported first-quarter 2011 earnings of $1.69 per American Depositary Share (ADS), well below the Zacks Consensus Estimate of $1.80. The quarterly result was also lower than the year-earlier profit...
(RDSA) Royal Dutch Shell Plans to Revamp Portfolio
In an attempt to redesign the asset portfolio Royal Dutch Shell plc (RDSA) disclosed plans to close its refinery in Australia, Clyde Refinery and Gore Bay Terminal, and remodel it as a...
(XOM) ExxonMobil and Halliburton Sign Drilling Deal
ExxonMobil Iraq Limited, a subsidiary of ExxonMobil Corporation (XOM) has contracted US oilfield services company, Halliburton Company (HAL)...
(RDSA) Royal Dutch Shell Analyst Cuts Shares to Neutral
We have downgraded energy major Royal Dutch Shell PLC (RDSA) ADRs to Neutral from Outperform purely on valuation grounds, as we see limited near-term price upside.
With the economic...
(RDSA) Shell Partners Chevron in Australia
Global integrated energy company Chevron Corporation (CVX) announced that it has entered into an agreement with the Australian unit of Royal Dutch Shell plc (
11Apr2011 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell plc Signs Agreement to Sell Downstream Unit
Royal Dutch Shell plc (RDSA) has entered into an agreement with Chilean business conglomerate Quinenco for the sale of a majority of its downstream business located in that country. The total consideration...
(COP) ConocoPhillips Announces Long-Term China Petrochemical Corporation Deal
Global integrated oil giant ConocoPhillips (COP), along with Origin Energy Ltd. entered into a long-term deal with China Petrochemical Corporation (
2Mar2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Announces New Natural Gas Site Potential
U.S. energy behemoth Chevron Corp. (CVX) announced the discovery of a new offshore natural gas site (Orthrus-2) in Western Australia’s Carnarvon Basin. The discovery – the tenth by Chevron...
(BP) Chevron Sheds Some Spanish Units
Integrated global energy company Chevron Corp. (CVX) has inked a deal with Spanish major Compania Espanola de Petroleos SA or CEPSA to sell its fuels, finished lubricants and aviation businesses...
(EOG) How to Profit From the New Oil Boom in Texas
by David Fessler, Energy and Infrastructure Expert
Friday, February 4, 2011:...
(CVX) Chevron Reports Jump in Fourth Quarter Profit Report
U.S.energy behemoth Chevron Corp. (CVX) reported a jump in its fourth-quarter 2010 profits, benefiting from higher oil prices and stronger refining margins.
Earnings per share (excluding...
(AAPL) Company News for January 04, 2011 – Corporate Summary
• Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the “buy” rating with a target price of $95
• KBW upgraded...
(XOM) ExxonMobil to Dispose of $2 Billion In North Sea Assets
According to a report by Sunday Times, oil major ExxonMobil Corporation (XOM) intends to dispose of its North Sea assets worth $2 billion Incorporatedluding its vast Beryl field, to focus more on other fast...
(CEO) China National Offshore Oil Corporation Captures Coal Seam Stake
While China is exploring various alternatives to secure the country’s future gas supply, CNOOC’s (China National Offshore Oil Corp.) latest decision to take a 50% stake in Australia’s Exoma Energy Ltd. should be treated as a welcome development.
CNOOC will spend...
(RDSA) Royal Dutch Shell plc Reduces Woodside Petroleum Stake
Europe’s largest oil company Royal Dutch Shell plc (RDSA) has sold almost a third of its 34% interest in Australian energy firm Woodside Petroleum Ltd. for about $3.3 billion. The Anglo-Dutch supermajor...
(CVX) Chevron Acquiring Atlas Energy for $4.3 Billion
U.S.energy behemoth Chevron Corp. (CVX) has agreed to acquire natural gas producer Atlas Energy Inc. (ATLS)...
(PBR) Petroleo Brasileiro Announces A New Discovery of Light Oil
Brazilian state controlled energy company Petroleo Brasileiro (PBR) or Petrobras announced the discovery of light oil in sandstone reservoirs to the south of Santos Basin. However, the company did not disclose...