NEW YORK, April 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes Chevron
Corporation (NYSE: CVX), Encana Corporation (NYSE: ECA), Total SA
(NYSE: TOT), Statoil ASA (NYSE: STO), and Ecopetrol S.A. (NYSE:
EC). Private wealth members receive these notes ahead of
publication. To reserve complementary membership, limited openings
are available at: http://www.AnalystsReview.com/register
--
Chevron Corporation Analyst Notes
On April 10, 2014, Chevron
Corporation (Chevron) announced that its subsidiaries have signed
agreements with the Argentine oil company YPF S.A. (YPF) for
continuous development of shale oil and gas resources from the Vaca
Muerta formation in the Neuquen province in Argentina. "YPF is a reliable partner and
operator that is advancing the project in the right direction,"
said Ali Moshiri, President of
Chevron Africa and Latin America Exploration and Production
Company. "We are pleased with the progress achieved so far and look
forward to continuing to provide our technical expertise and
investment to help Argentina
achieve its goal of energy self-sufficiency." The full analyst
notes on Chevron Corporation are available to download free of
charge at:
http://www.AnalystsReview.com/04222014/CVX/report.pdf
--
Encana Corporation Analyst Notes
On April 14, 2014, Encana
Corporation (Encana) announced that its wholly-owned subsidiary
PrairieSky Royalty Ltd. (PrairieSky) has filed and obtained a
receipt for a preliminary prospectus with respect to its initial
public offering of common shares with the securities regulatory
authorities of all provinces and territories in Canada. Encana notified that upon closing of
the offering it expects to hold a majority interest in PrairieSky.
The Company intends to provide certain day-to-day administrative
services on a transition basis until December 31, 2014. However, Encana only intends
to act as an investor in, and not as a manager of, PrairieSky. The
offering is expected to close by early June
2014, subject to, and conditional upon, the receipt of all
necessary approvals, including regulatory approvals. The full
analyst notes on Encana Corporation are available to download free
of charge at:
http://www.AnalystsReview.com/04222014/ECA/report.pdf
--
Total SA Analyst Notes
On April 14, 2014, Total SA
(Total) announced that the Company, together with its joint venture
partners, has decided to develop the ultra-deep offshore Kaombo
project in Angola. With a
production capacity of 230,000 barrels per day, the Company expects
the Kaombo project to develop estimated reserves of 650 million
barrels. "With the launch of Kaombo, the upcoming start-up of CLOV
and three exploration wells planned in the Kwanza basin this year,
Angola remains a priority country
for Total," said Yves-Louis Darricarrère, President of Total
Upstream. "While continuing our commitment to develop the Angolan
oil industry, Total has significantly optimized the project's
design and contracting strategy in recent months. Kaombo
illustrates both the Group's capital discipline and objective to
reduce capex." The full analyst notes on Total SA are available to
download free of charge at:
http://www.AnalystsReview.com/04222014/TOT/report.pdf
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Statoil ASA Analyst Notes
On April 11, 2014, Statoil ASA
(Statoil) reported that the Company and its Valemon Unit partners
have made a gas and oil discovery in the Valemon Nord prospect in
the North Sea. Statoil notified that it estimates the total volumes
in Valemon North to be in the range of 20-75 million barrels of
recoverable oil equivalent. "We are very satisfied with making a
new discovery in the close proximity of the Valemon gas and
condensate field currently under development," said Irene Rummelhoff, Senior Vice President of
Exploration Norway at Statoil. "By proving additional volumes in
the area we increase the reserves base in the Valemon Unit area and
add value to the Valemon field development." The full analyst notes
on Statoil ASA are available to download free of charge at:
http://www.AnalystsReview.com/04222014/STO/report.pdf
--
Ecopetrol S.A. Analyst Notes
On April 1, 2014, Ecopetrol S.A.
(Ecopetrol) reported that the Office of the Superintendent of
Industry and Commerce of Colombia
has granted two patents for alternative forms for producing
biofuels developed by the Company. The Company informed that the
patents have a time in effect of 20 years and are the first ones to
be received by Ecopetrol in 2014. The full analyst notes on
Ecopetrol S.A. are available to download free of charge at:
http://www.AnalystsReview.com/04222014/EC/report.pdf
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