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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.

Eni Finds Are Tempered by Scandal-Prone Unit

6 Groups   
Wall Street Journal - 07.30.2013 Original article ›
Justin Scheck, Justin, Scheck, Liam Moloney, Liam, Moloney
LyrArc Article Gist
Coorruption allegations for oil contracts in Algeria and other problems with prosecutors in Italy, are affecting the results of Saipem, an oil services provider in which Eni has 43% stake but lacks operational control. Saipem shares have fallen 50%, with second quarter net loss of $910 million, and expected net loss of $390 million for 2013. Eni shares are down 10%, with the Italy FTSE Mib Index showing no change.
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BP Buys Back Some Investor Affection

9 Groups   
Wall Street Journal - 03.22.2013 Original article ›
Andrew Peaple, Andrew, Peaple
LyrArc Article Gist
BP announces a $8 billion share buyback in March 2013. BP received $12.5 billion and an 18.5% stake in Rosneft for selling its stake in the TNK-BP joint venture. BP will use the rest of the money from the sale to reduce its debt.
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Shell to Build LNG Fuel Plants in U.S., Canada

3 Groups   
Wall Street Journal - 03.05.2013 Original article ›
Tom Fowler, Tom, Fowler

Shell Posts Higher Profit Despite Oil Price Slide

3 Groups   
Wall Street Journal - 04.30.2015 Original article ›
Sarah Kent And Justin Scheck, Sarah, Kent, And, Justin, Scheck

Italian Premier Renzi Names State-Controlled Company Bosses

9 Groups   
Wall Street Journal - 04.15.2014 Original article ›
Liam Moloney, Liam, Moloney
LyrArc Article Gist
The Renzi government's new merit based appointments to CEO positions at Enel, Eni, Telecom Italia, Italiane Poste, and Finnemecanica, companies in which the government has large stakes. Women were appointed as chairwoman for Enel and Eni. This is part of an effort to revitalize Italian industry in the economic slump. The Italian government has a 30% and 31% stake in Eni and Enel. These companies represent about a third of the Italian stock market. Claudio Descalzi is the new CEO of Eni. He is seen as having as having an excellent record as head of the oil exploration division of Eni.
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Bush Eschews Harsh Medicine In Treating U.S. Oil 'Addiction'

4 Groups   
Wall Street Journal - 08.09.2006 Original article ›
John D. Mckinnon, John, D., Mckinnon, Laura Meckler, Laura, Meckler
LyrArc Article Gist
BUSH AND E85- ITS UPTO MARKET ECONOMICS, NO DIRECT ACTION AS IN BRAZIL. U.S. oil companies are skeptical about E85 and are not investing in pumps and filling stations. Only 800 of 17,000 gasoline filling stations in the U.S. have ethanol. Unless required to do so station owners are not likely to invest thousands of dollars in ethanol pumps. In Brazil the government took direct action to promote ethanol use, giving sugar cane companies cut rate loans and guaranteed prices for the product, and it required state run Petrobras to make ethanol available at filling stations. The cost auto companies say in this article is only about $100 extra per vehicle for extra anticorrosive materials and computer sensors for ethanol capable cars. With market economics and no direct government action the picture is fuzzy how the whole E85 project is going to come out.
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Oil Majors Rediscover Their Exploring Mojo

7 Groups   
Wall Street Journal - 11.10.2011 Original article ›
Andrew Peaple, Andrew, Peaple

An Odd Alliance in Patagonia

3 Groups   
New York Times - 10.21.2013 Original article ›
Simon Romero, Simon, Romero, Clifford Krauss, Clifford, Krauss

BP Launches $8 Billion Share Buyback After TNK-BP Sale

11 Groups   
Wall Street Journal - 03.24.2013 Original article ›
James Herron, James, Herron, Selina Williams, Selina, Williams

BP Increases Its Dividend as Earnings Beat Forecasts

4 Groups   
New York Times - 10.29.2013 Original article ›
Stanley Reed, Stanley, Reed, Clifford Krauss, Clifford, Krauss

BP Earnings Decline 34%

4 Groups   
Wall Street Journal - 10.30.2013 Original article ›
Justin Scheck, Justin, Scheck

Buybacks Take a Smarter Tack

7 Groups   
Wall Street Journal - 04.24.2012 Original article ›
Maxwell Murphy, Maxwell, Murphy
LyrArc Article Gist
Stock buyback strategies change as U.S. companies support falling stock price during down cycles and pull back as prices rise higher.
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Spill's Toll on Oil Output Grows Clearer

4 Groups   
Wall Street Journal - 04.20.2011 Original article ›
Ángel González, Ángel, González

BP Ramps Up Drilling After Asset Sales, Legal Costs

5 Groups   
Wall Street Journal - 10.25.2013 Original article ›
Justin Scheck, Justin, Scheck, Selina Williams, Selina, Williams

Oil Slump Pressures Exxon, BP Results

9 Groups   
Wall Street Journal - 02.03.2016 Original article ›
Sarah Kent, Sarah, Kent, Bradley Olson, Bradley, Olson

Repsol to Weigh $5 Billion Deal for YPF Controlling Stake

6 Groups   
Wall Street Journal - 11.27.2013 Original article ›
Ilan Brat, Ilan, Brat
LyrArc Article Gist
Argentina and Repsol agree to a settlement of $5 billion in Argentine bonds for Repsol's 51% stake in YPF. The deal is brokered by Mexico's Pemex, which has a 10% stake in YPF. Argentina is seeking foreign investment and technology to develop its large shale oil and gas reserves. The settlement with Repsol is a step towards attracting large western oil companies to invest in Argentina.
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North Sea Oil Fields Are on the Brink of a Comeback

6 Groups   
Wall Street Journal - 10.25.2013 Original article ›
Selina Williams, Selina, Williams

Shell Makes Big Bet on Boom in Natural Gas

5 Groups   
New York Times - 05.01.2013 Original article ›
Stanley Reed, Stanley, Reed

Non-U.S. Shales Prove Difficult to Crack

1 Links 9 Groups   
Wall Street Journal - 03.19.2015 Original article ›
Justin Scheck And Selina Williams, Justin, Scheck, And, Selina, Williams

Eni First-Quarter Profit Slips on Lower Oil Prices, Higher Taxes

6 Groups   
Wall Street Journal - 04.29.2014 Original article ›
Liam Moloney, Liam, Moloney

Exxon Mobil’s Profits Fall and BP Cites Low Oil Prices in $3.3 Billion Loss

6 Groups   
New York Times - 02.02.2016 Original article ›
Clifford Krauss, Clifford, Krauss, Stanley Reed, Stanley, Reed

Oil Fields Gushing in the U.S.

8 Groups   
Wall Street Journal - 01.23.2012 Original article ›
Tom Fowler, Tom, Fowler

BP's Russia Dance Reaps a Poor Dividend

1 Links 8 Groups   
Wall Street Journal - 10.23.2012 Original article ›
Andrew Peaple, Andrew, Peaple
LyrArc Article Gist
With the sale of its stake in TNK-BP to Rosneft BP will have 19.75% of Rosneft. It will lose TNK-BP's oil production of 986 billion barrels of oil equivalent, and it will gain 900 million barels from its share of Rosneft output. BP's oil reserves will increase by 12.5% after the deal. TNK-BP has paid annual dividend of an average of $2.2 billion since 2004, BP payout from Rosneft is estimated at $500 million. BP's share of the new Rosneft after the deal would be $3.6 billion in expected earnings for 2013 compared to $4.1 billion from the 50% share of TNK-BP. Some of this dilution may be restored by share buybacks by BP.
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Shell's New Lifestyle Choice

8 Groups   
Wall Street Journal - 05.02.2013 Original article ›
Liam Denning, Liam, Denning

Energy Quakes as OPEC Stands Pat

12 Groups   
Wall Street Journal - 11.28.2014 Original article ›
Justin Scheck, Justin, Scheck, Erin Ailworth, Erin, Ailworth, Chester Dawson, Chester, Dawson

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