New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 25, 2013
07:39 EDTSTO, HESHess Corp. volatility low, attractive takeover target for Norway's Statoil, WSJ
Hess Corp. (HES) overall option implied volatility of 28 is below its 26-week average of 31 according to Track Data, suggesting decreasing price movement on the company could be an attractive takeover target for Norway's Statoil (STO), the Wall Street Journal reports.
News For HES;STO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 3, 2015
10:00 EDTSTOOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:55 EDTSTOStatoil upgraded to Buy from Accumulate at Tudor Pickering
Subscribe for More Information
February 27, 2015
17:56 EDTHESHess Corp. files automatic mixed securities shelf
Subscribe for More Information
09:47 EDTSTOStatoil submits Peregrino phase II development plan
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the plan of development to the National Agency of Petroleum, Natural Gas and Biofuels in Rio de Janeiro on January 30. The project entails a new well head platform and drilling rig and adds approximately 250M barrels in recoverable resources to Peregrino field. The project entails investments of approximately $3.5B. The Peregrino field has a good track record, with more than 90M barrels produced since first oil in April 2011. Based on the current plan, Peregrino Phase II is expected to start production towards the end of the decade, but Statoil will make adjustments to the schedule should that be necessary. The current solution consists of a wellhead platform with a drilling unit tied-back to the existing FPSO Peregrino. The facilities contains standalone power generation and will export power to WHP-A. A total of 21 wells -- 15 oil producers and 6 water injectors -- are planned to be drilled as part of the Phase II development. The expected recoverable resources from the Phase II development within the concession period until end of 2040 are 250M barrels.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use