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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:57 EDTSTO, DODiamond Offshore announces contract termination on Ocean Vanguard
Diamond Offshore Drilling (DO) announced that a subsidiary has received notice of termination of its drilling contract for the mid-water semisubmersible Ocean Vanguard from Statoil ASA (STO), its customer for the rig. The contract provides for a dayrate of approximately $454,000 and was estimated to conclude in accordance with its terms in late February 2015. Diamond Offshore disputes Statoil's basis for terminating the contract and intends to defend its rights under the drilling contract.
News For DO;STO From The Last 14 Days
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January 29, 2015
06:58 EDTSTOGE partners with Statoil on anti-pollution research, FT says
General Electric (GE) and Norway's Statoil (STO) are launching an R&D partnership centered on reducing greenhouse gas emissions, reports the Financial Times, citing statements by Statoil CEO Eldar Sætre and GE Oil & Gas CTO Eric Gebhardt. The companies are also looking at ways of reducing costs and natural resource expenditure within the industry, believing regulations will be tightened in the future. Projects include using oilfield gas to power drill rigs rather than flaring it off, using liquid carbon dioxide instead of water during fracking operations, and crowd-sourcing ideas for using less sand during fracking. Reference Link
January 27, 2015
12:08 EDTDOObama to propose opening up Atlantic to offshore drilling, NYT reports
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10:00 EDTSTOOn the Fly: Analyst Downgrade Summary
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06:35 EDTSTOStatoil downgraded to Underperform from Neutral at Credit Suisse
January 23, 2015
08:37 EDTDOBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
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07:08 EDTSTONorwegian Statoil seeks to cut costs as oil prices drop, WSJ says
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January 16, 2015
10:01 EDTSTOOn The Fly: Analyst Downgrade Summary
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08:29 EDTSTOStatoil downgraded to Underweight from Neutral at JPMorgan
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