MAY 23·MarketBeat→
Americana Partners LLC Lowers Position in SLB Limited $SLB
Americana Partners LLC reduced its stake in SLB Limited by 41.8% in the fourth quarter, selling 103,811 shares and now owning 144,246 shares valued at $5.54 million. Despite this reduction, analysts maintain a "Moderate Buy" rating for SLB with an average target price of $59.74. The company recently reported quarterly EPS of $0.52, exceeding estimates, and declared a quarterly dividend of $0.295 per share.
MAY 21·Rigzone▲
BP Enters 3 New Indonesian Blocks
BP has signed three new production sharing contracts (PSCs) in Indonesia, including the Bintuni and Drawa exploration blocks near its Tangguh LNG project, which it anticipates will offer potential for fast-tracked development. The third PSC is the Barong block, offshore East Java, in partnership with INPEX. Separately, BP recently acquired a 40 percent stake in the North Ustyurt PSC in Uzbekistan, marking its first project in the country, as it aims to grow its upstream production to 2.3-2.5 million barrels of oil equivalent a day by 2030.