All Posts Tagged With: "XOM"

(STO) Statoil ASA to Procure FSO Unit

Norwegian major Statoil ASA (STO) announced that it would procure a floating storage and offtake (“FSO”) unit from Teekay Offshore Partners L.P. (TOO). The FSO...

22Aug2013 | | Comments Off on (STO) Statoil ASA to Procure FSO Unit | Continued

(STO) Statoil ASA U.S. Business to Drive Growth

Norwegian major Statoil ASA (STO) intends to grow in the United States with investments in oil and gas assets valued in excess of $20 billion.

Statoil has high expectations with respect to growth from these assets. In 2012,...

22Jul2013 | | Comments Off on (STO) Statoil ASA U.S. Business to Drive Growth | Continued

(XOM) U.S. Crude Supplies Fall from Record Highs

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an unexpected decrease from their all-time high level, as refiner demand strengthened and production fell. The report further revealed that product inventories – gasoline and distillate – increased...

15Jul2013 | | Comments Off on (XOM) U.S. Crude Supplies Fall from Record Highs | Continued

(FTI) FMC Technologies and Exxon Mobil Join Forces

Maker of oil drilling equipment, FMC Technologies Inc. (FTI) inked a deal with Exxon Mobil Corporation (XOM), the world’s largest publicly traded oil company.

Per...

20May2013 | | Comments Off on (FTI) FMC Technologies and Exxon Mobil Join Forces | Continued

(CVX) Chevron Hits 52-Week High

Shares of Chevron Corp. (CVX) hit a 52-week high of $122.33 on May 2. In fact, the San Ramon, Calif.-based energy giant has seen its stock price climb some 10% since the beginning of the year. This price appreciation can be attributed...

17May2013 | | Comments Off on (CVX) Chevron Hits 52-Week High | Continued

(MHP) U.S. Crude Oil Supplies Hit Record High

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles jumped to their all-time high level, as imports climbed. The report further revealed that within the ‘refined products’ category, gasoline stocks fell, while distillate supplies were up from the week-ago levels....

17May2013 | | Comments Off on (MHP) U.S. Crude Oil Supplies Hit Record High | Continued

(XOM) ExxonMobil Ensues $10 Billion Gas Facility

Energy giant, ExxonMobil Corporation (XOM), has inked an agreement with Qatar Petroleum International to proceed with the construction of a natural gas export terminal in Texas, valued at $10 billion, as per Bloomberg reports.

Golden...

15May2013 | | Comments Off on (XOM) ExxonMobil Ensues $10 Billion Gas Facility | Continued

(CHK) Chesapeake Energy Disposes Texas Assets

Natural gas provider, Chesapeake Energy Corporation (CHK) has disposed 57,275 net acres and 11 producing wells in the Woodbine/Eagle Ford play in East Tex., to privately owned Energy & Exploration Partners, Inc. The buyer is an...

27Apr2013 | | Comments Off on (CHK) Chesapeake Energy Disposes Texas Assets | Continued

(MGV) Vanguard Switches Indexes for 8 U.S. ETFs – ETF News And Commentary

Vanguard has been leading the ultra-cheap ETF market, and is easily the top choice for investors seeking low-cost products in many fund categories. This technique has proven to be a winning strategy for the company as investors have flocked in droves to these low cost products, giving Vanguard over...

24Apr2013 | | Comments Off on (MGV) Vanguard Switches Indexes for 8 U.S. ETFs – ETF News And Commentary | Continued

(IBM) Into the Heart of First Quarter Earnings Season – Earnings Preview

There is an air of disappointment in the market about the ongoing Q1 earnings season. Some of it is justified. After all, what else should investors think when companies like IBM (IBM) and GE (GE)...

22Apr2013 | | Comments Off on (IBM) Into the Heart of First Quarter Earnings Season – Earnings Preview | Continued

(IBM) The Market Now Moves Into the Heart of the First Quarter Earnings Season – Earnings Preview

There is an air of disappointment in the market about the ongoing Q1 earnings season. Some of it is justified. After all, what else should investors think when companies like IBM (IBM) and GE (GE)...

19Apr2013 | | Comments Off on (IBM) The Market Now Moves Into the Heart of the First Quarter Earnings Season – Earnings Preview | Continued

(XOM) Exxon Mobil Faces $236 Million Fine

Exxon Mobil Corp (XOM) was directed by a jury ruling to pay $236 million to New Hampshire to clean groundwater contamination caused by the gasoline additive Methyl Tertiary Butyl Ether (MTBE). Exxon Mobil added MTBE to gasoline to...

18Apr2013 | | Comments Off on (XOM) Exxon Mobil Faces $236 Million Fine | Continued

(STO) Statoil ASA and SOCAR to Explore Caspian

Norwegian giant Statoil ASA (STO) has inked a memorandum of understanding (MoU) with the State Oil Company of the Republic of Azerbaijan – SOCAR.

Per the agreement – signed by the company’s chief executives in Baku –...

18Apr2013 | | Comments Off on (STO) Statoil ASA and SOCAR to Explore Caspian | Continued

(XOM) ExxonMobil to Drill Liberia Block 13

Oil giant ExxonMobil Corporation’s (XOM) Liberian affiliate has finally completed the acquisition of an 80% interest in Liberia Block 13 (LB-13) from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL). Liberia Block 13 is 18 miles...

18Apr2013 | | Comments Off on (XOM) ExxonMobil to Drill Liberia Block 13 | Continued

(XLE) Stock Market News for April 15, 2013 – Market News

Benchmarks closed in the red following a series of disappointing domestic reports. Major indices retreated following four days of consecutive gains. Meanwhile, quite surprisingly, retail sales fell in the month of March. Consumer sentiment declined to its lowest level in nine months in April. The...

15Apr2013 | | Comments Off on (XLE) Stock Market News for April 15, 2013 – Market News | Continued

(PCE) Stock Market News for April 1, 2013 – Market News

Benchmarks finished the last trading session of the month on a positive note. The S&P 500 finally managed to post a new all time high on Thursday. Meanwhile, the number of Americans filing for unemployment benefits increased in the previous week. GDP data revealed that the U.S. economy expanded...

11Apr2013 | | Comments Off on (PCE) Stock Market News for April 1, 2013 – Market News | Continued

(MHP) U.S. Crude Stocks Up – Fuel Stocks Drop

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged another increase to hit their highest level since June last year, as refiner demand weakened. The report further revealed that refined product inventories – gasoline and distillate – fell from their...

11Mar2013 | | Comments Off on (MHP) U.S. Crude Stocks Up – Fuel Stocks Drop | Continued

(XOM) ExxonMobil Joins PetroChina in Iraqi West Qurna Oilfield Venture

China’s largest oil and gas producer – PetroChina – is interested in joining Texas-based ExxonMobil Corporation (XOM), for the development of West Qurna oilfield in southern Iraq. Both parties are yet to finalize on the size...

5Mar2013 | | Comments Off on (XOM) ExxonMobil Joins PetroChina in Iraqi West Qurna Oilfield Venture | Continued

(CVX) Chevron Conducts Test at St. Malo PS003 Well in The Gulf of Mexico

U.S. oil major Chevron Corporation (CVX) announced that it carried out a production test at St. Malo PS003 well located in the deepwater Gulf of Mexico. The attempt was successful, with oil flow rate reported to be over 13,000 barrels...

5Mar2013 | | Comments Off on (CVX) Chevron Conducts Test at St. Malo PS003 Well in The Gulf of Mexico | Continued

(MHP) U.S. Domestic Crude Supplies Rise Again

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an increase, as imports climbed. The report further revealed that within the ‘refined products’ category, gasoline stocks fell, while distillate supplies were up from the week-ago levels. Meanwhile,...

5Mar2013 | | Comments Off on (MHP) U.S. Domestic Crude Supplies Rise Again | Continued

(XHB) Stock Market News for February 26, 2013 – Market News

Benchmarks took a battering on Monday following uncertainty about the outcome of the Italian elections and a revival of euro zone concerns. The instability in the Italian government indicates European debt problems might resurface which in turn could weaken the global economy. The major indices logged...

26Feb2013 | | Comments Off on (XHB) Stock Market News for February 26, 2013 – Market News | Continued

(MHP) U.S. Domestic Crude Oil Supplies Rise

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an increase, as refinery demand weakened. The report further revealed that within the ‘refined products’ category, gasoline stocks rose, while distillate supplies were down from the week-ago levels.

The...

11Feb2013 | | Comments Off on (MHP) U.S. Domestic Crude Oil Supplies Rise | Continued

(BP) BP Gets Shah Deniz Extension Nod

BP Plc (BP) received an additional 5-year extension (2031 to 2036) from Azerbaijan related to the Shah Deniz gas project. The extension follows the company’s deferment of the start date for phase 2 of the project.

The British...

31Jan2013 | | Comments Off on (BP) BP Gets Shah Deniz Extension Nod | Continued

(STO) Statoil ASA Starts Exploration Drilling in Nanna Prospect

Norwegian major Statoil ASA (STO) has commenced the drilling of an exploration well at the Nanna prospect in the North Sea off Norway.

The exploration well – 25/11-26 – is being spud by Diamond Offshore Drilling,...

28Jan2013 | | Comments Off on (STO) Statoil ASA Starts Exploration Drilling in Nanna Prospect | Continued

(XOM) U.S. Refined Product Supplies Soar

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an increase, as imports climbed and refinery demand weakened. The report further revealed that refined product inventories – gasoline and distillate – soared from their previous week levels on weakening...

15Jan2013 | | Comments Off on (XOM) U.S. Refined Product Supplies Soar | Continued

(CVX) Chevron Crude Unit to be Back in February

U.S. energy behemoth Chevron Corporation (CVX) is almost through with repair work at its Richmond, California, refinery crude unit, according to people familiar with the situation. The integrated major could bring the facility online...

15Jan2013 | | Comments Off on (CVX) Chevron Crude Unit to be Back in February | Continued

(CHK) Chesapeake Energy Stays Neutral

We maintain our long-term Neutral recommendation on the second largest natural gas producer in the U.S. ? Chesapeake Energy Corporation (CHK).

The company’s better-than-expected third quarter results with higher production...

10Jan2013 | | Comments Off on (CHK) Chesapeake Energy Stays Neutral | Continued

(XLE) Stock Market News for December 31, 2012 – Market News

Benchmarks ended in the red for the fifth consecutive day after fears intensified that U.S lawmakers may not be able to seal a deal on the Fiscal Cliff issue before January 1. The Dow Jones logged its longest five-day decline since July. Meanwhile, the pending home sales index jumped to its highest...

1Jan2013 | | Comments Off on (XLE) Stock Market News for December 31, 2012 – Market News | Continued

(XLF) Stock Market News for December 24, 2012 – Market News

Boehner’s “Plan B” failed to garner ample support from Republicans, dragging the benchmarks into negative territory on Friday. However, the benchmarks finished higher for the week. Both personal spending and demand for durable goods showed an upward trend in November. The financial and energy...

24Dec2012 | | Comments Off on (XLF) Stock Market News for December 24, 2012 – Market News | Continued

(XOM) Exxon Chooses Technip for Balder

U.S. supermajor ExxonMobil Corporation (XOM) has selected France’s Technip for its Balder Phase III development in the Norwegian North Sea.

Per the contract, Technip will be accountable for the installation, tie-in and pressure...

21Dec2012 | | Comments Off on (XOM) Exxon Chooses Technip for Balder | Continued