Marathon Oil Norge Corporation (NYSE:MRO) AS has let a contract to Technip SA for the extension of subsea infrastructure on Alvheim field on the Norwegian Continental Shelf. The scope of work includes installation engineering, procurement, fabrication, installation and tie-in of spools and protection covers as well as installation of one manifold. The subsea operations will primarily be performed with divers in 120 m of water. Marathon Oil Corporation (NYSE:MRO) net profit margin is 11.70% and weekly performance is 1.46%. On last trading day company shares ended up $36.22. Analysts mean target price for the company is $42.62. Marathon Oil Corporation (NYSE:MRO) distance from 50-day simple moving average (SMA50) is 2.77%.
Canacol Energy Ltd. (OTCMKTS:CNNEF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters which have agreed to purchase, on a bought deal basis, 15,823,000 common shares of Canacol at a price of $7.90 per Common Share for gross proceeds of $125,001,700. CANACOL ENERGY LTD (OTCMKTS:CNNEF) shares declined -5.16% in last trading session and ended the day on $6.62.
On May 6, 2014, Hess Corp. (NYSE:HES) announced it has been recognized as the highest ranking energy company, by holding 17 rank on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2014. Hess Corp. (NYSE:HES) shares moved down -0.93% in last trading session and was closed at $88.19, while trading in range of $87.21 – $88.73. Hess Corp. (NYSE:HES) year to date (YTD) performance is 6.59%.
BP plc (ADR) (NYSE:BP), the reputed oil company, has added sensational news, which is sure to create buzz among the industries. Glencore Xstrata announced the ex-chief of BP to join as the Chairman of that company. BP plc (ADR) (NYSE:BP) ended the last trading day at $50.90. Company weekly volatility is calculated as 0.81% and price to cash ratio as 5.67.BP plc (ADR) (NYSE:BP) showed a positive weekly performance of 0.24%.
Statoil ASA (ADR) (NYSE:STO) was downgraded by analysts at RBC Capital from a “top pick” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall. Statoil ASA (ADR) (NYSE:STO) net profit margin is 5.90% and weekly performance is -4.84%. On last trading day company shares ended up $29.90. Analysts mean target price for the company is $29.07. Statoil ASA (ADR) (NYSE:STO) distance from 50-day simple moving average (SMA50) is 4.34%.
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