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Stock Market & Financial Investment News

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December 10, 2012
06:09 EDTGBX, STOGreenbrier partners with Statoil on fleet management solution
Greenbrier (GBX) has been selected by Statoil Marketing and Trading (STO) to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet of more than 1,000 tank cars. The cars will ship crude oil by rail out of the Bakken formation, underlying parts of Montana, North Dakota, and Saskatchewan. Greenbrier's proprietary Enspire fleet management software platform and industry-leading maintenance and repair capability will maximize Statoil's productivity and increase velocity across its fleet. Leveraging its integrated business model, Greenbrier will design and implement the fleet maintenance program, including cost underwriting, while select Greenbrier Rail Service facilities will provide preferred turn times and on-demand solutions for empty cars, wheels, and component parts.
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September 17, 2014
06:02 EDTGBXGreenbrier announces orders for 15,000 railcars valued at $1.37B
Greenbrier announced that it received new orders in its fourth quarter ended August 31 and through the date of this release for 15,000 railcar units valued at $1.37B. The announced orders comprise a broad range of railcar types including tank cars, small cube covered hopper cars for sand and cement service, medium cube covered hopper cars for grain service, automotive carrying cars, and a recent award for 3,100 double-stack intermodal units. In addition, Greenbrier received a recent deck cargo barge order which brings total marine backlog to $112 million and extends Greenbrier's marine backlog to 2016. Since September 1, 2013 through the date of this release, Greenbrier has received orders for almost 39,000 railcars in North America and Europe valued at $3.72B. The average sales price of $95,000 reflects the diversity of railcar types ordered.
September 12, 2014
05:26 EDTSTOStatoil exits two assets on NCS for $1.3B
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September 10, 2014
09:07 EDTSTOGE, Statoil, Ferus Natural Gas Fuels announce pilot project expansion
A joint venture of GE (GE) and Ferus Natural Gas Fuels,along with Statoil (STO) announced the planned expansion of a pilot project to capture flare gas and use it to power up to six of Statoilís drill rigs and one frac fleet in North Dakota. The expansion is the first step by Statoil to move into full commercial adoption of the GE and Ferus NGF joint ventureís Last Mile Fueling Solution, which is expected to reduce emissions and provide cost-savings and logistics solutions for the companyís Bakken oilfield operations. The company anticipates this new commercial expansion will increase its flare gas capture to between 3M-5M standard cubic feet per day by the end of 2014, equating to GHG emissions reductions of between 120K and up to 200K metric tons per year, or the equivalent of removing between 25K-45K cars from the road.
September 8, 2014
14:46 EDTSTODrilling of Statoil well off Norway held up by Greenpeace gripe, Bloomberg says
Drilling of Statoil's first well off Norway in the Barents Sea may be delayed following a complaint from Greenpeace, Bloomberg reports. Drilling can't begin until the Norwegian Environment Agency handles the appeal this week, Bloomberg added, citing an e-mail from Reidar Evensen, a spokesman for the agency. Greenpeace says the arctic well being pursued by Statoil is an oil-spill hazard and that "the field is too close to vulnerable resources such as Bear Island and the the ice edge." Reference Link

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