On Monday, Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI), gained 6.58% to $58.63.
Chicago Bridge & Iron Company, and Saipem declared the three companies’ joint venture, CCS JV, has been selected as contractor for the initial development of the onshore LNG park in Mozambique by Anadarko Petroleum Corporation on behalf of the co-venturers in Mozambique’s Offshore Area 1. The selection of CCS JV is subject to negotiation and entry into a definitive agreement preceding to Anadarko and its co-venturers taking a Final Investment Decision (FID).
The initial scope of work for the onshore LNG park comprises two LNG trains, each with a capacity of six million tonnes per annum, two LNG storage tanks, condensate storage, multi-berth marine jetty and associated utilities and infrastructure.
CCS JV has a long-term relationship with Anadarko and its partners for the planning and development of this project and will bring the three companies’ substantial LNG experiences to successfully complete the onshore LNG park in Mozambique.
Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program administration, and environmental services worldwide.
Shares of Sysco Corporation (NYSE:SYY), inclined 0.59% to $37.49, during its last trading session.
With a friendly focus on food, service and all that goes into assisting restaurants succeed, Sysco Corporation, will once again be at the 2015 National Restaurant Association Show in Chicago at Booth 5607 in the McCormick Place Convention Center.
Beyond the food, show attendees who take part in the Sysco experience this year will have an opportunity to gain some valuable professional insights and take part in a celebratory salute to those who serve in the military.
“Sysco is excited to return to the annual National Restaurant Association Show and be part of assisting restaurant and foodservice operators to succeed,” said Bill Goetz, Sysco senior vice president and chief marketing officer. “It all starts with the food, and this is a wonderful opportunity to learn from others and share our experiences. We especially look forward to interacting with the show attendees through our food specialists on the show floor, through our daily culinary demonstrations, and at the special events that we sponsor.”
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates in Broadline and SYGMA segments. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; and fresh produce.
At the end of Monday’s trade, Shares of Credit Suisse Group AG (NYSE:CS), lost -2.06% to $26.21.
Commodities were higher in April, largely driven by fundamental factors within the Energy Sector, according to Credit Suisse Asset Administration.
The Bloomberg Commodity Index Total Return performance was positive for the month, with 14 out of 22 Index constituents trading higher.
Credit Suisse Asset Administration observed the following:
- Energy was the best performing sector, up 13.84%, with all constituents posting gains. Crude oil and petroleum products led the sector higher amid reports of declining US production and inventories, while demand continued to be strong.
- Industrial Metals raised 7.81%, led by Zinc. Positive new home and construction data was stated out of China, increasing expectations for a recovery in base metals demand.
- Livestock ended the period 1.73% higher, led by Lean Hogs. Exports were up sharply for the year through April 23rd contrast to the same period last year.
- Precious Metals was the worst performing sector, down 0.84%. Silver led the sector lower as investment demand continued to be weak. While U.S. economic data was mixed, expectations were that it was still good enough for the Federal Reserve to consider tightening monetary policy sooner rather than later.
- Agriculture reduced 0.52%, led lower by Wheat. Forecasts of continued rainfall in the U.S. Southern Plains alleviated expectations of damaged crops caused by unfavorable dry weather conditions earlier in the year, and raised yield expectations.
Credit Suisse Group AG, together with its auxiliaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, in addition to affluent and retail clients worldwide.
Finally, Statoil ASA (NYSE:STO), ended its last trade with -2.79% loss, and closed at $20.56.
On May 12, Statoil, appointed new Chief Financial Officer (CFO), and launches business area for New Energy Solutions (NES). Three new Executive Vice Presidents (EVPs) are designated as members of the Corporate Executive Committee (CEC).
CFO Torgrim Reitan is designated EVP for Development & Production USA (DPUSA) after Bill Maloney decided to not prolong his contract with Statoil. Hans Jacob Hegge is designated new EVP and CFO. Hegge comes from the position as senior vice president for Operations North in Development & Production Norway.
Irene Rummelhoff is designated EVP for New Energy Solutions, and Jens OEkland new EVP for Marketing, Midstream & Processing. Rummelhoff and OEkland starts in their new positions 1 June 2015. Reitan and Hegge will start in their new positions 1 August 2015.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.
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