News Breaks |
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| October 22, 2012 |
| 05:22 EDT |  | STO | Statoil transaction to realise value and secure long-term growth on the NCS
Statoil ASA has signed an agreement to exit the Brage licences, farm down in Gjøa and Vega and acquire a 15 % stake in the Edvard Grieg licence near the Johan Sverdrup field in the North Sea. This transaction with the German oil and gas company Wintershall gives Statoil net proceeds of $1.45B, and begins a strategic partnership between Statoil and Wintershall. The consideration to be paid by Wintershall includes a contingent consideration of $100M relating to the production on Vega. This transaction realises significant value for its shareholders, demonstrates the value of the company's NCS portfolio, and further enhances the financial flexibility of Statoil. |
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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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| June 19, 2013 |
| 12:33 EDT |  | STO | Statoil management to meet with Jefferies
Meeting to be held in New York on June 26 hosted by Jefferies. |
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| 08:03 EDT | | STO | General Electric awarded $147M contract by Statoil
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| 06:05 EDT | | STO | Statoil make another oil find offshore Newfoundland
Statoil has made a discovery of light, high-quality oil in the Flemish Pass Basin, offshore Newfoundland. Oil was encountered while drilling the Harpoon prospect, located approximately 500 kilometres north-east of St. John's, Newfoundland and Labrador, Canada. The Harpoon discovery was drilled by the semi-submersible rig West Aquarius, in approximately 1,100 metres of water. Harpoon is located about 10 kilometres south-east of Statoil's Mizzen discovery. The Mizzen discovery is estimated to hold between 100M-200M barrels of oil. As part of its 2013 three-well exploration program offshore Newfoundland, Statoil is currently drilling its Federation prospect, located in the Jeanne d'Arc Basin. The company will then return to the Flemish Pass Basin to drill the Bay du Nord prospect, which is located south-west of the Harpoon and Mizzen discoveries. |
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| 06:03 EDT | | STO | Statoil discovers high-quality oil in Flemish Pass Basin in Newfoundland
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| 05:56 EDT |  | STO | EU looking for evidence that oil traders manipulate prices, WSJ reports
The EU is investigating manipulation of benchmarks as part of a probe into whether energy traders skew prices of oil and other fuels for their own financial benefit, reports the Wall Street Journal. Reference Link |
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| June 18, 2013 |
| 10:01 EDT |  | STO | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Flir Systems (FLIR) upgraded to Strong Buy from Market Perform at Raymond James... HSBC (HBC) upgraded to Buy from Neutral at Citigroup... Motorcar Parts (MPAA) upgraded to Buy from Neutral at B. Riley... People's United (PBCT) upgraded to Overweight from Neutral at JPMorgan... Royal Dutch Shell (RDS.A) upgraded to Focus List from Outperform at Howard Weil... Statoil (STO) upgraded to Outperform from Sector Perform at Howard Weil... CommVault (CVLT) upgraded at Pacific Crest... Newfield Exploration (NFX) upgraded to Buy from Hold at Stifel. |
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| 09:13 EDT | | STO | Statoil upgraded to Outperform from Sector Perform at Howard Weil
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| June 5, 2013 |
| 07:53 EDT | | STO | Statoil delays Barents Sea project, FT reports
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