Key Progress, Appointments, Official Statement, Acquisition, and Oil Discovery - Research Report on ExxonMobil, Chevron, BP, Total, and Statoil
NEW YORK, October 10, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Exxon Mobil Corporation (NYSE: XOM), Chevron Corporation (NYSE: CVX), BP plc (NYSE: BP), Total SA (NYSE: TOT), and Statoil ASA (NYSE: STO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Exxon Mobil Corporation Research Report
On October 7, 2013, Exxon Mobil Corporation (ExxonMobil) reported that ExxonMobil, BP, ConocoPhillips, and TransCanada have selected a lead site in the Nikiski area on the Kenai Peninsula for the proposed Alaska LNG project's natural gas liquefaction plant and terminal. Steve Butt, Senior Project Manager, commented, "This is a step forward for the Alaska LNG project and shows continued progress toward building Alaska's energy future." Steve added, "The work that we have put into the site selection process gives us confidence that the Nikiski site is the lead location for the LNG plant and terminal. The Nikiski site also results in a pipeline route that provides an access opportunity to North Slope natural gas by the major population centers in Fairbanks, Mat-Su Valley, Anchorage and the Kenai Peninsula." The Full Research Report on Exxon Mobil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/36c4_XOM]
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Chevron Corporation Research Report
On October 7, 2013, Chevron Corporation (Chevron) announced three key appointments to its executive team and realignment to its existing technology and services organizations. According to Chevron, Jay Johnson will become Senior Vice President of Upstream; Joe Geagea will become Senior Vice President of Technology, Projects, and Services; and Pierre Breber will become Corporate Vice President and President of Chevron Gas and Midstream, all with an effective date of January 1, 2014. The Company reported that Johnson and Geagea will report to George Kirkland, Vice Chairman and Executive Vice President of Upstream, while Breber will report to John Watson, Chairman of the Board and CEO. Further, Chevron further informed that Johnson and Geagea will report to Watson, following Kirkland's retirement in 2015. The Full Research Report on Chevron Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/d042_CVX]
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BP plc Research Report
On October 3, 2013, BP plc (BP) announced that it is pleased with the ruling of the US Court of Appeals for the Fifth Circuit, setting aside the claims administrator's interpretation of the business economic loss framework in the settlement agreement the Company reached with the Plaintiffs' Steering Committee in 2012. According to BP, the ruling affirms that the claimants should not be paid for fictitious or wholly non-existent losses. The Company reported that the ruling also reversed the District Court's denial of BP's motion for a preliminary injunction staying the payment of business economic loss claims under the agreement. BP stated that Fifth Circuit has remanded the matter for further proceedings in the District Court, and the Company is assessing further implications of the Fifth Circuit's decision and will issue an additional statement in due course. The Full Research Report on BP plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/f948_BP]
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Total SA Research Report
On September 30, 2013, Total SA (Total) announced that it has received approval from the South African authorities and has successfully acquired a 50% interest in Block 11B/12B, from CNR International (South Africa) Ltd., a wholly owned subsidiary of Canadian Natural Resources Limited. Total reported that the asset is located in the Outeniqua Basin; around 175 kilometers off the southern coast of the country, and covers an area of 19,000 square kilometers with water depths ranging from 200 to 1,800 meters. The Company noted that it also becomes the Operator of Block 11B/12B with this transaction, and it will drill an exploration well on the Block in 2014. The Full Research Report on Total SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/5801_TOT]
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Statoil ASA Research Report
On September 26, 2013, Statoil ASA (Statoil) reported that Statoil Canada and co-venturer Husky Energy have announced that the first Bay du Nord exploration well has discovered between 300 and 600 million barrels of oil recoverable. Statoil further reported that the Bay du Nord discovery is its third discovery in the Flemish Pass Basin, and that the Bay du Nord well encountered light oil of 34 API and excellent Jurassic reservoirs with high porosity and high permeability. Tim Dodson, Executive Vice President of Statoil Exploration, said, "It is exciting that Statoil is opening a new basin offshore Newfoundland." Dodson continued, "This brings us one step closer to becoming a producing operator in the area." The Full Research Report on Statoil ASA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/d198_STO]
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SOURCE Analysts' Corner
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