All Posts Tagged With: "APA"
(APA) Company News for January 24, 2012 – Corporate Summary
• Fifth Street Finance Corp’s (NASDAQ:FSC) shares declined 5.11% to close at $10.02 after the company initiated a public sale of 10 million shares • Share of natural-gas producer Chesapeake Energy (NYSE:CHK) gained 6.3% after the company announced it plans...
24Jan2012 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for January 24, 2012 – Market News
Markets hovered around break-even levels on Monday as encouragement from the energy sector balanced apprehensions over Greece’s debt negotiations. With no major economic data or earnings results from any bellwether coming to forefront, benchmarks took a pause a day ahead of...
24Jan2012 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies and Anadarko Sign Service Deal
Oil drilling equipment maker FMC Technologies Inc. (FTI) inked a deal with Anadarko Petroleum Corporation (APC), whereby it will render subsea systems and life-of-field services to the latter. None of the parties disclosed the financial terms of the agreement. The Woodlands-based...
18Jan2012 | vitalstocks | 0 comments | Continued(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(EPD) Enterprise Products Partners and Genesis Energy Sign Pipeline Plan
Enterprise Products Partners L.P. (EPD) and Genesis Energy L.P. (GEL) have inked a construction agreement for a crude oil gathering pipeline to serve the Lucius development area in the Gulf of Mexico. Southeast Keathley Canyon Pipeline Company LLC (“SEKCO”) – a 50:50...
8Jan2012 | 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(CHK) The Bakken isn’t the Only Big Shale Oil Play
by David Fessler, Investment U Senior Analyst Friday, November 11, 2011 A few days ago, I wrote about the incredible growth in the liquid portion of North Dakota’s Bakken formation. If you want the short version, read on. The Bakken is an oil- and natural gas-rich formation...
15Nov2011 | InvestmentU | 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(MO) U.S. Trade Deficit Much Worse than Expected
The Trade Deficit rose in June to $53.07 billion from $50.83 billion in May. The rise in the trade deficit is bad news for the economy, and the level is very dangerous. For the month it was up 4.4%, and it was worse than the $48.0 billion consensus expectation. On a year-over-year...
22Aug2011 | vitalstocks | 0 comments | Continued(DD) U.S. Trade Deficit Soars in May
The Trade Deficit rose in May to $50.23 billion from $43.66 billion in April. The rise in the trade deficit is bad news for the economy, and the level is very dangerous. For the month it was up 15.0%; worse than the $44.0 billion consensus expectation. On a year over year basis,...
5Aug2011 | vitalstocks | 0 comments | Continued(SOHU) Sohu Beats Estimate – Sales Soar
A leading online brand and Internet portal in China, Sohu.com Inc. (SOHU) reported strong second quarter 2011 results, driven by robust revenue growth, partially offset by higher expenses. Earnings per share (EPS) of $1.10 (including stock-based compensation) increased 34.1%...
3Aug2011 | vitalstocks | 0 comments | Continued(MDR) McDermott International Secures SURF Deal
The Australian unit of McDermott International Inc. (MDR) has won a deepwater offshore contract for the Macedon Gas Project in Western Australia. Per the terms of the deal, the company would be involved in engineering and construction of the project along with structural transportation...
11Jul2011 | vitalstocks | 0 comments | Continued(APA) Apache Hits Record at Forties
Apache Corporation (APA) announced that its development wells in the Forties field have started production at a record rate, reaping benefits from the advanced seismic technology that was applied to enhance output. As per the company, the Charlie 4-3 well’s initial production...
10Jul2011 | vitalstocks | 0 comments | Continued(APA) Apache Secures Exploration Rights
As per market sources, Apache Corporation (APA) has won oil and gas exploration rights in the vast acreage of Alaska’s Cook Inlet. The company was the sole bidder for the three-lease package offered by the Alaska Division of Oil and Gas. Apache submitted the bid at $613,690,...
26Jun2011 | vitalstocks | 0 comments | Continued(EOG) Seafox to Jackup EOG Resources Oil Venture
A subsidiary of EOG Resources Inc. (EOG) has inked a contract with Seafox Contractors BV, an operating company of Netherland-based Seafox Group. The deal entitles EOG to use Seafox’ facilities and a multi-support jackup – Seafox 1 – at the Conwy field in the East Irish...
22Jun2011 | vitalstocks | 0 comments | Continued(APA) Apache Strikes Oil in Egypt
U.S.energy firm Apache Corp. (APA) announced five new oil discoveries in Egypt’s Western Desert, building on the integrated energy company’s leading position in this hydrocarbon-rich area. The latest finds in the Faghur basin play – West Kalabsha-I-4, Faghur North-1X, Faghur...
20Jun2011 | vitalstocks | 0 comments | Continued(MRO) Is This The Second-Coming of the Texas Oil Boom?
by David Fessler, Investment U Senior Analyst Wednesday, June 15, 2011 It’s been almost 50 years since Americans heard that famous line from The Ballad of Jed Clampett: “Oil that is, black gold, Texas tea.“ For the rest of the world, the 20th century began on January...
16Jun2011 | InvestmentU | 0 comments | Continued(BP) World, U.S. Oil Production Rises in 2010
World oil production rebounded by 2.2% in 2010 to reach 82.095 million barrels per day (B/D), up from 80.278 million B/D in 2009, but virtually unchanged from 2008 levels. World oil consumption, though, increased by 3.1% to hit 87.382 million B/D. Due to the inclusion of non-oil...
9Jun2011 | vitalstocks | 0 comments | Continued(USB) U.S. Trade Deficit Up on Foreign Oil Addiction
The Trade Deficit rose in March to $48.18 billion from $45.44 billion in January (revised down from $45.76 billion. The rise in the trade deficit is bad news for the economy, and the level is very dangerous. For the month it was up 6.0%, and it was worse than the $47.7 billion...
11May2011 | vitalstocks | 0 comments | Continued(EOG) EOG Resources Delivers Impressive First Quarter
EOG Resources Inc. (EOG), a major independent oil and gas exploration and production company, reported better-than-expected adjusted first-quarter 2011 results on the back of 14% production growth as well as higher commodity prices. Quarterly earnings of 68 cents per share topped...
9May2011 | vitalstocks | 0 comments | Continued(PXD) Pioneer Natural Resources Profits – Production Grows
Pioneer Natural Resources Company (PXD) reported first quarter 2011 adjusted earnings of 68 cents per share, outpacing the Zacks Consensus Estimate of 53 cents and showing a decent improvement from the year-earlier income of 48 cents. Better-than-expected results were mainly...
4May2011 | vitalstocks | 0 comments | Continued(SOHU) Sohu.com Beats Analyst Estimates on Higher Revenues
A leading online brand and Internet portal in China, Sohu.com Inc. (SOHU) reported strong first quarter 2011 results, driven by solid revenue growth, partially offset by higher expenses. Earnings per share (EPS) of $1.01 (including stock-based compensation) increased 38.4% from...
3May2011 | vitalstocks | 0 comments | Continued(UNP) U.S. Trade Deficit Down Slightly
The Trade Deficit fell in February to $45.76 billion from $46.99 billion in January (revised up from $46.34 billion). The fall in the trade deficit is good news for the economy, but the level is still very dangerous. For the month is was down 2.6%, and it was in line with the...
12Apr2011 | vitalstocks | 0 comments | Continued(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 (RDSA) to sell a certain stake of its Wheatstone liquefied natural gas (LNG) project. Financial terms of the deal were...
11Apr2011 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Reports Major Light Oil Field Success in Ghana
Oil and gas company Anadarko Petroleum Corporation (APC) announced the success of its Enyenra-2A (formerly known as Owo) appraisal well, offshore Ghana. The well, which encountered more than 120 net feet of pay, confirms that the Owo discovery is a major “light oil field”. The...
20Mar2011 | vitalstocks | 0 comments | Continued(UNP) U.S. Trade Deficit Turns Ugly
The Trade Deficit rose in January to $46.34 billion from $40.26 billion in December (revised down from $40.58 billion). The rise in the trade deficit is very bad news for the economy. Not only did it soar by 15.1% on the month, it was also much worse than the $41.50 billion consensus...
11Mar2011 | vitalstocks | 0 comments | Continued(EOG) EOG Resources Earnings Report Beats on Oil Volumes
EOG Resources Inc. (EOG), a major independent oil and gas exploration and production company, reported better-than-expected adjusted fourth-quarter 2010 results. Quarterly earnings of 36 cents per share topped the Zacks Consensus Estimate of 25 cents. However, earnings fell short...
22Feb2011 | vitalstocks | 0 comments | Continued(LLY) Report Shows U.S. Trade Deficit Rose in December As Expected
The Trade Deficit rose in December to $40.58 billion from $38.32 billion in November. The rise in the trade deficit is bad news for the economy. On the other hand, the trade deficit was in line with the $40.40 billion consensus expectation. On a year-over-year basis, the total...
11Feb2011 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Analyst Maintains Neutral Rating on Shares
We recently retained our Neutral recommendation on Anadarko Petroleum Corporation (APC). Texas based Anadarko Petroleum has a deep and diversified asset base comprising unconventional resources, which provide the company with substantial growth potential over the medium-to-long...
13Dec2010 | vitalstocks | 0 comments | Continued(BP) BP Plc Sells $1.8 Billion in Properties to Fund Oil Spill Cleanup
BP plc (BP) signed another deal to raise funds for paying spill costs. The U.K. oil major will divest its oil and gas properties in Vietnam and Venezuela to its Russian joint venture TNK-BP for $1.8 billion. The assets in question hold reserves of 270 million barrels of oil equivalent...
17Nov2010 | vitalstocks | 0 comments | Continued