Month: September 2011

The Norwegian state-owned oil giant Statoil ASA ( STO ) is divesting a portion of its participating interests in blocks located offshore Brazil in the Camanu-Almada basin. The transaction awaits the consent of Brazilian authorities and is subject to various conditions on closing. […]

The Australian unit of Chevron Corporation ( CVX ) entered into a Sales and Purchase Agreement (SPA) with Japanese firm Kyushu Electric Power Co. Per the terms of the deal, Chevron along with Apache Corporation ( APA ) and Kuwait Foreign Petroleum Exploration Co. will supply about 0.7 million tons per annum (MTPA) of liquefied natural gas (LNG) from its Wheatstone Project to Kyushu over a period of 20 years. […]

A leading supplier of communications equipment and services, Harris Corp. ( HRS ) recently won a contract worth $29 million to supply its popular Falcon III portable multi-band manpack radios to the U.S. Air Force […]

Prudential Financial Inc. ( PRU ) recently announced that a 50:50 life insurance joint venture with the Chinese company Fosun International. The deal has also received the regulatory nod from China Insurance Regulatory Commission (CIRC) […]

Oilfield services firm National Oilwell Varco Inc. ( NOV ) has passed a key milestone on its way to acquiring industrial parts maker Ameron International Corp. ( AMN ) for about $772 million in cash with the termination of a necessary waiting period under U.S […]

Steel maker, Nucor Corporation ( NUE ) announced its guidance for the third quarter 2011. The steel manufacturer expects to earn 45 cents to 55 cents per share, including last-in, first-out charges of $29 million, or 6 cents per share. […]

The U.S. Energy Department's weekly inventory release showed that crude stockpiles fell more than twice that of analyst expectations to reach their lowest level since February, as Tropical Storm Lee reduced production. However, the overall nature of the data is bearish with gasoline and distillate both adding to their supplies […]