4 Energy Stock Stories To Fuel Investment Chatter

Royal Dutch Shell (NYSE:RDSA): Closing price $67.97

Shell confirms that it will be allowed to participate in the development of the Bab sour gas project in Abu Dhabi, which is focused upon supplying Middle Eastern markets. The arrangement will see the supermajor partner with the Abu Dhabi state oil company Adnoc, in a 30-year joint venture to develop the gas resources at Bab. Shell will hold a 40 percent stake in the joint venture with Adnoc receiving the remainder. The joint venture itself will serve as operator of the project.

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RDSA

Transocean (NYSE:RIG): Closing price $51.47

At the same time as its divestiture of 38 low-specification rigs in the fourth quarter of 2012, Transocean initiated an organizational efficiency project, intended to align the firm’s shore-based support infrastructure with the post-divestiture magnitude, and the composition and geographic location of its fleet. It also marks an initial phase in its ongoing plan to boost operating margins. This restructuring should result in a more efficient and concentrated organization that provides the highest level of support to Transocean’s rig operations without compromising safety or operational integrity.

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RIG

Enbridge Energy Partners (NYSE:EEP): Closing price $29.80

On Tuesday, Enbridge said that it will construct a 150 million-cubic feet per day cryogenic natural gas processing plant close to Beckville in Panola County, Texas. The addition of the facility will expand the partnership’s processing capacity to roughly 820 MMcf/d in the Cotton Valley and Haynesville shale regions. The cost of the East Texas Beckville Plant Project is calculated at $140 million.

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EEP

BP (NYSE:BP): Closing price $43.60

The British major has been impacted by more than 2,200 new lawsuits seeking remuneration for the 2010 Gulf of Mexico oil spill in the past few weeks, as individuals, firms, and government bodies hurried to make the move before the expiry of their right to do so. BP disclosed the number of new claims made since March 6th in its first-quarter results on Tuesday.

NYSE:RDSA, NYSE:RIG, NYSE:EEP. NYSE:BP

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BP

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