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Showing results for C Vinson Investments, LLC v. BP Exploration & Production, Inc.
...For its 50 per cent non-operated stake in the Sunrise oil sands project, BP will receive C$600mn ($466mn US) with up to a further C$600mn in payments over the next two years....
...There’s a tenfold increase in low-carbon investment by 2030, by which time oil and gas production will be down 40 per cent. There’s no foie gras....
...Aker BP is our only Buy rating. Lundin Energy: We upgrade our rating to Hold from Reduce given the shares’ defensive qualities, owing to a low-cost/long-life production base....
...Enquest and Aker BP go onto the “buy” list “as the levered cashflow winners”....
...BP results are better than expected, as is Glencore’s Q4 production report. .... Atos has sold 13.1 per cent of Worldline and the Von Finks have exited SGS ......
...As we have stressed before, C&I loan conditions are crucial for investment in human, physical and working capital....
...Despite this risk factor, production in the region was cash generative last year....
...Ratings for Hess, Marathon Oil and Murphy Oil, three other leading independent US exploration and production companies, were cut to BBB-, also still investment grade but just one notch above junk....
...Oil exploration and production company Cobalt International Energy was up 1.6 per cent to $23.12, despite reporting a 39 cent per share loss that was worse than expected....
...The well goes 26,500 feet below the seabed in 5,800 feet of water, and the field will require a multibillion-dollar investment in production facilities....
...The latest BP divestment: BP is in advanced talks with Plains Exploration and Production over a possible $7bn sale of some of the UK company’s assets in the Gulf of Mexico, according to one person familiar...
...Robertson joined Barclays Capital in September 2008 and is currently a director following the mid-cap independent oil and gas exploration and production industry....
...BP climbed 3.4 per cent to 450p, its biggest daily gain since September....
...As a junior partner, holding a 25 per cent stake in the ill-fated Macondo well, Anadarko, the independent US exploration and production company, is struggling to convince investors that it can survive the...
...LLC, a Houston investment bank. —————— And here, via Morgan Stanley, is a handy ‘week ahead’ for BP: 1) Monday – BP board meeting scheduled, focus on the dividend....
...The bulk of the $500m that is expected to be raised is likely to be used for developing its Dunlin North Sea fields, with about $100m going toward exploration....
...Tullow is moving from exploration to development and any disappointment from its high-risk frontier exploration prospects will put the stock’s premium valuation at risk, analyst Jonathan Copus said....
...The disappointment was deepened by the fact that BP and Royal Dutch Shell, Exxon’s closest rivals, had kept production flat or growing and had beaten expectations....
...In theory, exploration and production companies should benefit from the tighter market that the new curve suggests. On Wednesday, the US reported a big fall in crude inventories....
...Despite Mr Hayward being in charge of exploration and production worldwide, it was BP’s US managers and Lord Browne who took the blame....
...– much earlier than expected – and be replaced by Tony Hayward, head of exploration and production....
...“Perhaps the only place left to discover the type of giant fields the world has relied on in the past 30 years is in Russia and the Arctic,” said David Bamford, head of BP’s global exploration programme...
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