All Posts Tagged With: "TOT"
(APC) Anadarko Petroleum Hits Another Gas Find
Independent oil and gas producer Anadarko Petroleum Corporation (APC) made another discovery off the coast of Mozambique. This new find to a large extent substantiated the company’s projection that the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect...
18Jan2012 | vitalstocks | 0 comments | Continued(EIA) Shale Gas: A Boon or Bubble?
Over the last few years, a quiet revolution has been reshaping the energy business in the U.S. Known as ‘shale gas’ – natural gas trapped within dense sedimentary rock formations, or shale formations – it is being seen as a game changer, set to usher in an era of energy...
9Dec2011 | 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(PZE) Latch Onto The Next Big Shale Gas Boom
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...
10Oct2011 | InvestmentU | 0 comments | Continued(XOM) ExxonMobil Enters Oil-Rich Utica
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...
24Sep2011 | vitalstocks | 0 comments | Continued(RIG) Transocean Update Shows Higher Dayrates
Offshore drilling giant Transocean Ltd. (RIG) recently issued a monthly ‘Fleet Update Summary’ covering the company’s drilling rig status and contract information. As per the report, Transocean secured additional work for four of its mid-water rigs, with three of them getting...
23Sep2011 | 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(AAPL) Stock Market News for July 25, 2011 – Market News
Stellar earnings results provided sufficient impetus to markets as they edged modestly higher on Friday, amidst lingering concerns about debt-ceiling negotiations. The week also closed with gains as earnings provided enough cushion for the benchmarks to settle in the green. The...
25Jul2011 | vitalstocks | 0 comments | Continued(HAL) Halliburton Fortifies Poland Link
Oilfield service provider Halliburton Company (HAL) has won a shale natural gas exploration contract in Poland from Chevron Corporation (CVX). The financial terms of the deal were not disclosed. The scope of the deal includes drilling services, mud logging, cementing, coiled...
15Jul2011 | vitalstocks | 0 comments | Continued(TOT) TOTAL S.A. Strengthens Italian Footprint
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...
11Jul2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA to Pay $2.47 Billion for New Rigs
Oil giant Statoil ASA (STO) has awarded a contract worth $2.47 billion to Norway’s Songa Offshore. Per the deal terms, Songa will build two category D semi-submersible rigs for use on Norwegian Continental Shelf (NCS) with specified terms of 8 years each that could extend to...
7Jul2011 | vitalstocks | 0 comments | Continued(BP) BP Restores Two Texas Units
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...
4Jul2011 | vitalstocks | 0 comments | Continued(SU) Suncor Upgraded to Outperform
We have upgraded Canada’s biggest energy firm and the largest oil sands outfit Suncor Energy Inc. (SU) to Outperform from Neutral, reflecting the company’s impressive portfolio of growth opportunities, unique asset base and high return potential in the long run. Suncor has...
30Jun2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for June 29, 2011 – Market News
Markets moved significantly ahead on Tuesday, buoyed by optimism that the Greek debt-crisis was nearing a solution and positive economic data that suggested a surge in home prices for the first time in eight months. However, volumes remained tight, reflecting the underlying...
29Jun2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA Awarded Contract for Subsea Compression
Statoil ASA (STO) has awarded a contract to Aker Solutions for subsea compression topside modifications on the Statoil-operated Asgard A and B platforms in the North Sea. The contract is worth NOK 650 million ($116.7 million). This deal is classified as an engineering, procurement,...
26Jun2011 | 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(TOT) TOTAL S.A. Sheds U.K. Downstream Business
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...
22Jun2011 | vitalstocks | 0 comments | Continued(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 BP. As of now, BP holds a 67.81% operated interest in Wytch Farm, while...
22Jun2011 | vitalstocks | 0 comments | Continued(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 long-term investments, Statoil has the capability to carry out development in...
19Jun2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Wins Bulgarian Approval for Shale Gas Exploration
Chevron Corp. (CVX) has secured a five-year permit from the Bulgarian government for the exploration of shale gas deposits in northeastern Bulgaria. The company will make a 30 million euro payment to the Bulgarian government to commence shale gas exploration in the field, which...
17Jun2011 | vitalstocks | 0 comments | Continued(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 to approvals from the Norwegian Ministry of Petroleum and Energy as well...
15Jun2011 | vitalstocks | 0 comments | Continued(C) Company News for June 08, 2011 – Corporate Summary
• International Paper Company (NYSE:IP) offered to buy Temple-Inland (NYSE:TIN) in a deal worth $3.38 billion. Reacting to this development, share prices of Temple-Inland rose 40.36% to close at $29.49 • Share prices of Skyworks Solutions, Inc. (NASDAQ:SWKS) increased...
8Jun2011 | vitalstocks | 0 comments | Continued(VLO) Oil & Gas Industry Outlook – May 2011 – Industry Outlook
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 that saw the commodity zoom past the $110 per barrel level last month. However, apprehensions...
18May2011 | vitalstocks | 0 comments | Continued(ROI) SunPower Gets A Big Boost From Big Oil
by David Fessler, Investment U’s Monday, May 9, 2011 I haven’t written much about solar recently, and for good reason: There really hasn’t been much to write about. Many U.S. solar panel companies have gone belly-up, like EPV Solar, whose intellectual property was purchased...
10May2011 | InvestmentU | 0 comments | Continued(TBT) Finding Income AND Momentum in a Tough Economy
With the 10-year T-note yielding only 3.21%, investors interested in getting income from their investments are in sort of a tough place. Dividend-paying stocks are a very good place to look for a replacement. One thing you know for sure is that the coupon payment on a 10-year...
5May2011 | vitalstocks | 0 comments | Continued(CAG) Company News for May 2, 2011 – Corporate Summary
• Research firm Argus downgraded Flextronics International Ltd. (NASDAQ:FLEX) from “buy” to “hold” rating • Merck & Co. Inc.’s (NYSE:MRK) earnings per share (excluding special items) for the first quarter of 2011 came in at...
2May2011 | vitalstocks | 0 comments | Continued(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 rebound strengthening and with oil prices rallying, we expect integrated oil companies such as...
13Apr2011 | vitalstocks | 0 comments | Continued(FTK) ValuEngine Weekly Newsletter April 8, 2011
VALUATION WATCH: Our models find that overvaluation is approaching critical levels. Overvalued stocks now make up almost 64% of our universe and 30% of the universe is calculated to be overvalued by 20% or more. All Sectors are calculated to be overvalued. What’s Hot—-Valuation...
8Apr2011 | valuengine | 0 comments | Continued(TOT) TOTAL S.A. Earnings Report Misses The Street
Integrated oil and gas company TOTAL S.A. (TOT) reported its fourth-quarter 2010 operating earnings of $1.54 per share (€1.14 per share) versus the Zacks Consensus Estimate of $1.58 per share. The operating earnings of the company reflected a growth of 12.4% from $1.37 (€0.93...
14Feb2011 | vitalstocks | 0 comments | Continued(AAPL) Company News For December 14, 2010 – Corporate Summary
• Pfizer (NYSE:PFE) announced a quarterly dividend increase of 11% to $0.20 • Sanderson Farms (NASDAQ:SAFM) reported fiscal fourth quarter earnings of $2.08, beating Zacks Consensus Estimate of $1.69, on revenues of $529.1 million, which was ahead of Zacks Consensus Estimate...
14Dec2010 | vitalstocks | 0 comments | Continued