Integrated Oil & Gas

Chevron, Rosneft Consider Black Sea Oil Exploration Project According to Reuters, U.S. oil company Chevron (NYSE: CVX) and Russia's top oil producer, Rosneft, are looking at whether to go ahead with a Black Sea oil exploration project worth $32 billion. After an Arctic offshore pact between...

Seadrill Limited (NYSE: SDRL) ordered a newbuild jackup and secured a five year contract for the unit from Conoco Phillips (NYSE: COP), Dahlman Rose reports. “The rig is scheduled to be completed at the end of the third quarter 2013 for a total project price of $530MM,” Dahlman Rose writes. “The...

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average gained 39 points to 12,155.00 and S&P 500 index futures rose 4.60 points to 1,309.80. Nasdaq 100 futures added 9.25 points to 2,317.75. A Peek Into Global Markets Positive sentiment ruled...

Western Gas Partners, LP (NYSE: WES) today announced that it has entered into a new $800 million, five-year unsecured revolving credit facility with a group of lenders. The facility will be used to refinance certain existing debt, for capital expenditures, potential asset acquisitions, and other...

Gerry Orbell was skiing in Courchevel when he got the call inviting him to run a new oil and gas company. At the other end of the line, Gavin Wilson of RAB Capital (LON:RAB) set out his plans for an AIM quoted ‘cash box' targeting assets in West Africa. For Orbell, who says he was simply “minding...

BP's (NYSE: BP) hopes to partner with OAO Rosneft, Russia's largest oil company, to explore for oil in the Russian area of the Artic Circle suffered a major setback today when a Swedish arbitration tribunal blocked the $16 billion share swap between the two companies. The tribunal's decision is a...

Unconfirmed Rumors that (MMR) industry talk Chevron (CVX) execs have met with MMR offering $26 (per share) in cash to buy the company - oil & gas (3.8 bln deal) ...

Credit Suisse has raised the ConocoPhillips (NYSE: COP) Price Target from $90.00 to $93.00. According to the report, "Step-up in Downstream Profitability: COP have been positively surprised by the demand environment and are a beneficiary of strong inland US refining margins and light-heavy...

ConocoPhillips' (NYSE: COP) analyst meeting was the third and final of the 2011 US large-cap, Integrated analyst meetings, Morgan Stanley reports. “In our view, the entire group of large cap oils remains attractively valued versus the S&P 500 with moderate production growth, peer-leading...

According to Deutsche Bank, ConocoPhillips's (NYSE: COP) 2011 analyst meeting saw some “juicy worms”. Deutsche Bank reported that ConocoPhillips' analyst meeting provided the most material content and shareholder-friendly strategy of the big three oils analyst meetings in March (XOM, CVX, COP). “...

According to Jefferies, ConocoPhillips (NYSE: COP) is solid but downstream disposal remains elusive. Jefferies reported that COP delivered a solid strategy update, although with little that was really new or could act as a significant near-term catalyst. “In particular the long-awaited significant...

Jefferies & Company has raised the price target on ConocoPhillips (NYSE: COP) from $75 to $87.50 and maintains its Buy rating.

Morgan Stanley has an Overweight rating and a $135 price target on shares of InterOil Corporation (NYSE: IOC). In a note to clients, Morgan Stanley writes, "This morning, IOC announced it entered into a non-binding agreement for partnership with EWC to construct a 1 bcf/d LNG import terminal and...

Benchmark is out with its report today on Chevron (NYSE: CVX), reaffirming its Buy rating. In a note to clients, Benchmark writes, "We reaffirm our Buy rating on Chevron shares based upon our belief that the 10% normalized earnings multiple valuation discount, currently in place versus the peer...

Market Vectors Egypt Index ETF (NYSE: EGPT) fell 8.11% on Wednesday, and it closed at $15.30. This was the third consecutive trading session that EGPT closed in the negative territory. VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) continued its downturn, and it closed its fifth...