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Stock Market & Financial Investment News

News Breaks
March 21, 2014
07:16 EDTSTOStatoil added 1.25B barrels of oil equivalent from exploratoin 2013
Reports production of 723,000 barrels of oil equivalent per day in 2013 with divestments taht generated revenues of more than $4B and a reduction in the serious injury frequency to 0.8 per million hours worked in 2013 compared to 1.0 per million hours worked in 2012.
News For STO From The Last 14 Days
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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
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