Partnerships, Operational Milestones, Divestitures, and Government Approvals: Growth on Firmer Footing for Oil & Gas Players -

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]

----

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