New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 27, 2014
08:18 EDTSTOAker Solutions wins five-year contract from Statoil
Aker Solutions secured a contract from Statoil to provide maintenance and modifications services for the Mariner oilfield development in the U.K. North Sea. The five-year framework agreement also has extension options for a total of four years. Aker Solutions' Aberdeen operations will manage the contract work. Aker Solutions will deliver the maintenance planning system in the pre-operations phase of the development, as well as support services during the hook-up and commissioning phase. The contract includes maintenance and modifications services after the field is set to start production in 2017. Both parties agreed not to disclose the contract value.
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.
August 27, 2015
07:57 EDTSTOPlatts to hold a conference
Subscribe for More Information
August 18, 2015
08:12 EDTSTOGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.

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