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Stock Market & Financial Investment News

News Breaks
June 18, 2014
05:42 EDTSTO, HELIStatoil awards Mariner helicopter contract to CHC UK
Statoil (STO) awarded the helicopter transportation contract for the Mariner field to CHC Helicopter (HELI) in the UK. The contract calls for CHC to operate two Sikorsky S-92 aircraft on behalf of Statoil. The helicopters will fly from Aberdeen or Sumburgh on the Shetland Isles to the Statoil operated Mariner field, 250 kilometers off the northeastern coast of Scotland. The contract has a duration of five years, plus an extension option for up to three years. The service is anticipated to begin in mid-2016.
News For STO;HELI From The Last 14 Days
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February 11, 2016
05:17 EDTSTOTechnip awarded fabrication, installation contracts by Statoil
Technip (TKPPY) was awarded by Statoil ASA (STO) two lump sum contracts for infield pipeline construction for the Johan Sverdrup Development and the Oseberg Vestflanken 2 projects. The Johan Sverdrup field is one of the largest oil fields in the North Sea and was discovered late 2011. The first development phase is targeted to be on-stream in 2019. The Oseberg Vestflanken 2 project is a development of the oil and gas structures Alfa, Gamma and Kappa, approximately located at 8 kilometers northwest of the Oseberg field center.
February 4, 2016
05:45 EDTSTOStatoil reports Q4 adjusted earnings NOK 15.2B vs. NOK 26.9B last year
Statoil delivered equity production of 2,046 mboe per day in Q4. Statoil's net operating income according to IFRS for Q4 was NOK 1.7B, compared to NOK 9.0B in the same period in 2014.
February 1, 2016
13:49 EDTSTOS&P cuts rating on Shell, puts several other EU oil majors on watch
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