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Market divided as Woodside Petroleum continues pursuit of Oil Search

2015-12-06 10:52:42| Oil & Gas - Topix.net

Woodside Petroleum's insistence that it will not pay cash for its target Oil Search has been questioned by the country's top-ranked oil and gas equities analyst as the Perth-based player's $11.6 billion takeover pursuit continues to confuse the market. Chief executive Peter Coleman has repeatedly said that offering cash as part of the consideration for the Papua New Guinea oil and gas player would effectively lock in a particular oil price outcome.

Tags: search market oil continues

Anadarko Petroleum Co. (APC) PT Raised to $105.00

2015-12-06 02:02:37| Apparel - Topix.net

The firm currently has a "buy" rating on the oil and gas development company's stock. Argus' price target suggests a potential upside of 84.83% from the stock's previous close.

Tags: to raised petroleum apc

Scotiabank Reaffirms Sector Outperform Rating for Anadarko Petroleum Co.

2015-12-05 22:17:13| Oil & Gas - Topix.net

Shares of Anadarko Petroleum traded down 2.29% on Thursday, reaching $56.81. 8,315,611 shares of the company traded hands.

Tags: rating sector petroleum outperform

Improving Lightning Safety of Petroleum Storage Tanks

2015-12-03 15:40:00| Hydrocarbons Technology

Fires involving petroleum storage tanks are not uncommon. About one-third of all tank fires are attributed to lightning. Floating roof tanks (FRTs) are especially vulnerable to lightning.

Tags: safety storage improving tanks