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:
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:
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:
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:
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:
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