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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 that’s considering reducing the state’s 67% stake, Statoil is studying overseas acquisitions, sources say. The plan would be to diversify away from Norway while diluting the state’s $51B shareholding, sources added. Reference Link
News For STO From The Last 14 Days
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January 29, 2015
06:58 EDTSTOGE partners with Statoil on anti-pollution research, FT says
General Electric (GE) and Norway's Statoil (STO) are launching an R&D partnership centered on reducing greenhouse gas emissions, reports the Financial Times, citing statements by Statoil CEO Eldar Sætre and GE Oil & Gas CTO Eric Gebhardt. The companies are also looking at ways of reducing costs and natural resource expenditure within the industry, believing regulations will be tightened in the future. Projects include using oilfield gas to power drill rigs rather than flaring it off, using liquid carbon dioxide instead of water during fracking operations, and crowd-sourcing ideas for using less sand during fracking. Reference Link
January 27, 2015
10:00 EDTSTOOn the Fly: Analyst Downgrade Summary
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06:35 EDTSTOStatoil downgraded to Underperform from Neutral at Credit Suisse
January 23, 2015
07:08 EDTSTONorwegian Statoil seeks to cut costs as oil prices drop, WSJ says
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January 16, 2015
10:01 EDTSTOOn The Fly: Analyst Downgrade Summary
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08:29 EDTSTOStatoil downgraded to Underweight from Neutral at JPMorgan
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