Posts Tagged ‘industry’

TEXT-S&P summary: Sonic Automotive Inc.

by on November 21, 2012 2:24 pm GMT
Wed Nov 21, 2012 9:24am EST We believe U.S. sales of new light vehicles could improve to 14.4 million units in 2012, a 12% increase year over year, despite continuing high unemployment and unsettled consumer sentiment. We assume this positive demand trend will continue through 2013, with new vehicle sales increasing about 7% because

Petronas extends deadline on $5.2bn Progress deal

by on November 20, 2012 3:21 pm GMT
The new closing date of 30 December follows an earlier extension to 30 November in the wake of the Canadian government’s rejection of the deal in late October. Industry minister Christian Paradis said then that the purchase was being rejected because it was unlikely to bring a “net benefit” to Canada.The

BP pegs Trinidad gas field at 2 tcf

by on November 19, 2012 6:26 pm GMT
The supermajor's local unit said the Savonette-4 appraisal well found two gas-bearing reservoir intervals, lifting estimates of gas in place to 2 trillion cubic feet from 1 tcf.It is currently flowing at 225 million standard cubic feet of gas per day, ramping up to 250mmscf/d, the company said.The well

BP Trinidad gas discovery doubles field estimate to 2 Tcf

by on November 19, 2012 2:28 pm GMT
BP Trinidad gas discovery doubles field estimate to 2 TcfHOUSTON -- BP Trinidad & Tobago (bpTT) today announced that it has discovered an estimated 1 Tcf of gas offshore Trinidad, doubling the estimated gas in place of the Savonette gas field, to 2 Tcf.BPTT made the announcement during a meeting in London between