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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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July 25, 2014
05:31 EDTSTOStatoil CEO says cost reduction programs 'are on track'
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05:28 EDTSTOStatoil reports Q2 EPS NOK 3.75 vs. NOK 1.38 last year
Reports Q2 operating income down NOK 3.2B to NOK 32B. Reports adjusted earnings NOK 32B. Helge Lund, Statoil's president and CEO stated, "Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We have deferred gas production to enhance value, but remain on track for delivering on our production guiding for 2014. Our quarterly earnings were impacted by divestments, seasonal effects and lower gas prices. For the first half of the year, earnings were around the same level as in the same period last year."

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