New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 9, 2014
07:51 EDTSTOAs Norway loosens control, Statoil looks abroad for deals, Businessweek reports
Statoil, the state oil producer controlled which accounts for about 20% of Norway's benchmark index, may soon be looking abroad for deals, reports Bloomberg Businessweek. Encouraged by a newly elected conservative government thatís considering reducing the stateís 67% stake, Statoil is studying overseas acquisitions, sources say. The plan would be to diversify away from Norway while diluting the stateís $51B shareholding, sources added. Reference Link
News For STO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use