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Stock Market & Financial Investment News

News For GIB;STO From The Last 14 Days
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October 16, 2014
07:23 EDTSTOHart Energy to hold a conference
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October 15, 2014
09:20 EDTSTOOn The Fly: Pre-market Movers
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07:35 EDTGIBCGI Group awarded C$69M by city of Oslo
CGI has been awarded a C$69M contract by the Agency for Education, or UDE, in the City of Oslo to modernize a large information and communications technology, or ICT, system used by the city's public schools. The new system will support more than 90,000 students and teachers in all of Oslo's 172 public schools and learning centers, as well as external stakeholders such as the parents of students. The new contract will run for six years with the opportunity to extend the contract for two more years. CGI will modernize a large system in current use to achieve the city's main objective of having a cloud-based system that addresses all school operational, teaching, communication and collaboration needs.
06:22 EDTSTOStatoil names Eldar Saetre as acting president and CEO
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06:21 EDTSTOBG Group names Statoil's Helge Lund as CEO, effective March 2, 2015
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05:31 EDTSTOStatoil CEO Lund to resign, appoints Eldar Sætre as acting CEO
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October 14, 2014
09:04 EDTSTOStatoil, Exxon Mobil announce additional discovery offshore Tanzania
Statoil (STO) and co-venturer Exxon Mobil (XOM) announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 discovery is the venture’s seventh discovery in block 2. Statoil operates the licence on block 2 on behalf of Tanzania Petroleum Development Corporation and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%.
October 13, 2014
05:18 EDTSTOStatoil sells 15.5% share in Shah Deniz to PETRONAS for $2.2B
Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company, or SCPC, 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company, or AGSC, to the Malaysian oil and gas company PETRONAS. The transaction value is $2.25B. Statoil's Q2 production from the Shah Deniz field was 38,000 barrels of oil equivalent per day. The effective date is January 1. The transaction is expected to be closed early 2015, subject to approval from the relevant authorities.
05:16 EDTSTOStatoil sells 15.5% share in Shah Deniz to PETRONAS for $2.2B
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