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News Breaks | | | | October 17, 2012 | | 05:21 EDT |  | STO | Statoil and Statkraft acquire Dudgeon Offshore wind power project
Statoil and Statkraft have acquired the Dudgeon Offshore Wind Farm project through the acquisition of all shares in Dudgeon Offshore Wind Limited, or DOW, a subsidiary of the UK energy company Warwick Energy Ltd. Following a successful partnership in developing the Sheringham Shoal Offshore Wind Farm off the coast of North Norfolk, Statoil and Statkraft will now work together to develop the Dudgeon Offshore Wind Farm. The project could deliver many hundreds of jobs during the construction phase and, once in operation, will provide renewable energy to the UK market. Dudgeon has recently received an offshore consent that allows for up to 560 MW of installed generation capacity. The North Sea project site is located 32 km offshore, north of the town of Cromer in North Norfolk, and is 20 km north east of the Sheringham Shoal Offshore Wind Farm. Statoil and Statkraft will optimize the project, secure the final consents and engage with suppliers and local stakeholders with the aim of bringing the project to Final Investment Decision, or FID. The project will be developed by a joint project team, with Statoil leading the project towards FID. Statoil will hold a 70% share and Statkraft a 30% share in DOW. | |
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News For STO From The Last 14 Days Check below for free stories on STO the last two weeks. |
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| May 22, 2013 | | 11:46 EDT |  | STO | Statoil upgraded to Equal Weight from Underweight at Morgan Stanley
| | | 09:39 EDT | | STO | Teekay Offshore signs new FSO contract with Statoil
 Subscribe for More Information | | | May 15, 2013 | | 05:55 EDT |  | STO | EU 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 EDT | | STO | Noble awarded a four-year, $655M drilling contract by Statoil
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