Basic Materials Sector Announces New Agreements, Initiatives, and Joint
Ventures - Research Report on Exxon Mobil, Encana, Murphy Oil, Total and
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, December 11, 2013
NEW YORK, December 11, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Exxon
Mobil Corporation (NYSE: XOM), Encana Corporation (NYSE: ECA), Murphy Oil
Corporation (NYSE: MUR), 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 December 2, 2013, Exxon Mobil Corporation (Exxon Mobil), on behalf of the
PNG LNG Project announced a $3.1 million, two-year initiative intended to
improve maternal health, and reduce child mortality rates in Papua New Guinea.
The Company informed that the program is led by Texas Children's Hospital
along with its partner, the Baylor College of Medicine, both based in Houston.
Commenting on the initiative, Neil Duffin, President of ExxonMobil Development
Company stated, "This program will enable mothers and children of Papua New
Guinea to benefit from the world-class expertise of Texas Children's Hospital
and Baylor College of Medicine. It is our belief that the work done through
the program will help ensure improved health for the future generations of the
country." 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:
Encana Corporation Research Report
On December 6, 2013, Encana Corporation's (Encana) stock declined 0.52%,
closing the day at $19.09 per share. Over the past three trading days, the
Company's stock went up by 0.32%, compared to the Dow Jones Industrial Average
which went up by 0.66%, during the same three day trading period. The Full
Research Report on Encana Corporation - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
Murphy Oil Corporation Research Report
On December 6, 2013, Murphy Oil Corporation's (Murphy Oil) stock went up by
0.57%, as it closed the day at $63.90 per share. Over the past three trading
day period, the Company's stock went down by 2.52%, compared to the S&P500
which went up by 0.55%, over the same trading period. The Full Research Report
on Murphy Oil Corporation - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
Total SA Research Report
On December 6, 2013, Total SA (Total) announced that it has entered into a
farm-in agreement with InterOil Corporation that gives the Company a 61.3%
interest in Petroleum Retention License (PRL) 15 in Papua New Guinea. Total
said that along with InterOil Corporation, the Company retains the flexibility
to farm-down an aggregate of up to a 19.3% interest (before any election by
the government to exercise its option to join the project with a 22.5%
interest) to a strategic partner. Commenting on the agreement, Yves-Louis
Darricarrère, President Upstream at Total, stated, "Following Total's entry
into exploration in Papua New Guinea in 2012, this new acquisition of an
interest in significant discovered resources is an exciting opportunity for
Total to develop a new gas production and liquefaction hub in the Asia-Pacific
region, where gas demand is very dynamic. Total will leverage its technology
and experience in major LNG projects to reinforce its long-term production
post-2020." The Company stated that it has an option to take an interest in
Petroleum Prospecting Licenses PPL 236, PPL 237, and PPL 238, in the same
area. Further, Total informed that it will pay $470 million for a 42% interest
with a contingent payment estimated by Total at approximately $590 million.
The Full Research Report on Total SA - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
Statoil ASA Research Report
On December 6, 2013, Statoil ASA (Statoil) announced that the Company has
signed the Shareholders and Operating Agreement with Rosneft, for a joint
venture to assess the feasibility of commercial production from the Domanik
shale formation. Statoil informed that its CEO, Helge Lund, and Rosneft
President Igor Sechin signed the document, marking another significant step
forward following the heads of agreement for shale oil cooperation signed in
June 2013. Commenting on the new pact, Mr. Lund stated, "Today's agreement
demonstrates the two parties' commitment to jointly move forward in an attempt
to unlock the hydrocarbon potential of the Domanik shale formation. If
successful, we believe this could be a world class shale oil asset." The Full
Research Report on Statoil ASA - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
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