On Tuesday, Shares of SeaDrill Limited (NYSE:SDRL), surged 5.13% to $14.54, as oil prices were increasing.
WTI crude oil for June delivery was up 2% to $60.44 a barrel Tuesday afternoon, and Brent crude oil for June delivery as up 2.5% to $66.52 a barrel.
Oil prices were rising as a result of a weaker U.S. dollar and OPEC raising its forecast for world oil demand growth, according to Reuters. OPEC now raised its 2015 world oil demand growth forecast to 1.18 million barrels a day from its previous estimate of 1.17 million barrels a day.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells.
Shares of Penn West Petroleum Ltd. (NYSE:PWE), inclined 3.72% to $2.23, during its last trading session.
Penn West Petroleum, declared that it has successfully closed its formerly declared sale of royalty production and mineral title lands for an aggregate cash consideration of about $318 million, after minor closing adjustments. Proceeds from this transaction will be used to reduce the Company’s senior debt.
Penn West Petroleum Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. The company’s properties are located in Alberta, British Columbia, Saskatchewan, Manitoba, and the Northwest Territories, Canada; and Wyoming, the United States.
At the end of Tuesday’s trade, Shares of Pepsico, Inc. (NYSE:PEP), lost -0.16% to $96.20.
In a first-of-its-kind, Pepsi® is creating and producing a short film that will comprise footage from UrtheCast – the world’s first full-color Ultra High-Definition video system located aboard the International Space Station (ISS), feature Pepsi consumers from around the world and leverage the creative and artistic direction of eight-time Grammy award winning entertainer Usher. As part of this year’s Pepsi® Challenge™ campaign, the interstellar short film combines video, music, technology and storytelling, with Pepsi consumers across the globe playing a role in the experience.
To be released this fall, the short film will be shot from multiple locations and perspectives – both on Earth and in space. Designed to unite and inspire generations around the world as part of the #PepsiChallenge, Pepsi will invite consumers to take part in this unique film phenomenon. Filming will take place in more than 10 countries across four continents where thousands of consumers will join together to be filmed by UrtheCast’s proprietary HD video camera – permanently and impressively leaving their mark on history as part of this once-in-a-lifetime experience.
PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips.
Finally, Mylan N.V. (NASDAQ:MYL), ended its last trade with -1.18% loss, and closed at $70.33.
Mylan, declared that the Company will present at the UBS Global Healthcare Conference on Monday May 18, 2015. The presentation is planned to start at 9:30 a.m. ET.
Mylan N.V., through its auxiliaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, or transdermal patch forms, in addition to active pharmaceutical ingredients (APIs).
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