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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
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March 24, 2015
07:36 EDTSTOWhiting tumbles as stock offering dampens takeover speculation
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March 20, 2015
07:31 EDTSTOOneSubsea delivers first subsea multiphase compressor to Statoil
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has delivered the world's first subsea Multiphase Compressor to Statoil (STO) for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating the need for an upstream separation facility or an anti-surge system, making it the industry's only true wet gas compressor. It is expected to increase the recovery rate for the Gullfaks South Brent reservoir by 22M barrels of oil equivalent.
March 19, 2015
05:40 EDTSTOStatoil reports annual equity production of 1.93 Mboepd in FY14
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