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Stock Market & Financial Investment News

News Breaks
December 21, 2012
05:43 EDTSDRL, STOSeadrill subsidiary North Atlantic Drilling extends contract for West Epsilon
North Atlantic Drilling, a majority owned subsidiary of Seadrill (SDRL), announced that Statoil (STO) has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from December 2014 to December 2016. The estimated value of the contract extension is $215M.
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May 15, 2013
05:55 EDTSTOEU inspects firms in oil investigation, WSJ reports
EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link
May 14, 2013
06:13 EDTSTONoble awarded a four-year, $655M drilling contract by Statoil
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May 10, 2013
12:43 EDTSDRLOptions with increasing implied volatility: SDRL GDI JNK FXA
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May 8, 2013
07:21 EDTSDRLSohn Conference Foundation to host a conference
18th Annual Sohn Investment Conference is being held in New York on May 8.
May 7, 2013
18:33 EDTSTOStatoil sanctions Julia field development in Gulf of Mexico
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05:34 EDTSTOStatoil downgraded to Neutral from Outperform at Exane BNP Paribas
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