Partnerships, Operational Milestones, Divestitures, and Government Approvals: Growth on Firmer Footing for Oil & Gas Players - Research Report on Exxon Mobil, BP, ConocoPhillips, Total, and Statoil Editor Note: For more information about this release, please scroll to bottom PR Newswire NEW YORK, July 5, 2013 NEW YORK, July 5, 2013 /PRNewswire/ -- Today, Wall Street Reports announced new research reports highlighting Exxon Mobil Corporation (NYSE: XOM), BP plc (NYSE: BP), ConocoPhillips (NYSE: COP), 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 June 21, 2013, Exxon Mobil Corporation (Exxon Mobil) and Rosneft announced that they have achieved several milestones under their 2011 Strategic Cooperation Agreement, including joint venture formation for Black Sea and Kara Sea projects, and creating foundations for joint ventures to explore seven other licenses in the Russian Arctic and to manage the joint West Siberia tight oil project. Exxon Mobil reported that the two Companies have agreed to proceed to the next planning phase for an LNG development in the Russian Far East. Rex W. Tillerson, Chairman and CEO of Exxon Mobil, said, "ExxonMobil is making a significant investment in Russia, and these agreements serve as the foundation for our projects and future work together." Tillerson continued, "Experience tells us that a good foundation is critical for success in the Arctic and elsewhere. ExxonMobil's Sakhalin-1 project with Rosneft is an example where we have put this experience to work." 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.WSReports.com/r/full_research_report/3cc2_XOM] -- BP plc Research Report On July 1, 2013, BP plc (BP) announced that it has successfully completed the commissioning and start-up of its new 250,000 barrel-per-day crude distillation unit at the Whiting Refinery. BP reported that construction at the multi-billion dollar Whiting Refinery upgrade project is more than 95% complete. Iain Conn, Chief Executive of BP's Refining and Marketing segment, stated, "When the new coking and hydrotreating units are commissioned and operating at full rates in the second half of this year, the reconfigured refinery will have the flexibility to greatly increase heavy, sour crude processing, delivering an expected incremental $1 billion of operating cash flow per year, depending on market conditions." Conn added, "This world class refinery is in the right location and will soon be running the right equipment to process growing supplies of North American crude oil, including oil from Canada." 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.WSReports.com/r/full_research_report/ff46_BP] -- ConocoPhillips Research Report On July 2, 2013, ConocoPhillips confirmed that it has received an official notification stating that the Kazakhstan Ministry of Oil and Gas is exercising its right under the Subsoil Law of Kazakhstan to preempt the Company's proposed sale of its 8.4% stake in the North Caspian Sea Production Sharing Agreement (Kashagan) to ONGC Videsh Limited. ConocoPhillips reported that the Ministry of Oil and Gas designated KazMunayGas (KMG) as the entity to acquire the Company's interest in Kashagan. According to ConocoPhillips, the proceeds received by the Company under the pre-emption will remain unchanged at nearly $5 billion including customary adjustments, and it expects the transaction to close by Q4 2013. Don Wallette, Executive Vice President of Commercial, Business Development and Corporate Planning at ConocoPhillips, commented, "This is another important milestone in progressing our asset disposition program." He further added, "The decision by the Kazakhstan government to exercise its pre-emptive right demonstrates the value of this asset and moves us closer to completing this transaction." The Full Research Report on ConocoPhillips - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/1cf7_COP] -- Total SA Research Report On June 21, 2013, Total SA (Total) announced that its subsidiary, Total Upstream Nigeria Limited (TUPNI)- the operator of the OML 130 block, along with its co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corporation to award the main EPC contracts for the development of the offshore Egina field. Yves-Louis Darricarrère, President of Upstream at Total, said, "Egina is the second development of the OML 130 license. Following Akpo, which was brought on stream in 2009, it will add significant value to the partnership. With more than 21 million man-hours of local work, the project will make a material contribution to the development of Nigerian economy ". According to the Company the first oil from the new Egina Field is expected by end of year 2017. 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.WSReports.com/r/full_research_report/5507_TOT] -- Statoil ASA Research Report On June 21, 2013, Statoil ASA (Statoil) announced that it has entered into an agreement with Rosneft that completes the contractual framework of their Joint Venture to explore offshore frontier areas in the Sea of Okhotsk and in the Barents Sea. Statoil reported that they have also concluded a Heads of Agreement for the exploration of shale oil opportunities in the Samara region. Helge Lund, CEO of Statoil, stated, "The joint offshore exploration ventures are the cornerstone in the broader partnership between Statoil and Rosneft. The joint capabilities of the two companies will allow future exploration in underexplored areas and we look forward to working together on these projects. These opportunities are in line with Statoil's strategy for high impact exploration through early access at scale in new basins." 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.WSReports.com/r/full_research_report/d49c_STO] ---- EDITOR NOTES: 1.This is not company news. 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Partnerships, Operational Milestones, Divestitures, and Government Approvals: Growth on Firmer Footing for Oil & Gas Players -
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