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12/19/14Stock Update (NYSE:SLB): Schlumberger wins Statoil Mariner contract (Jutia Group)

[Reuters - UK Focus] - Norwegian energy firm Statoil has awarded an integrated drilling and well services contract for its Mariner field in the British sector of the North Sea to Schlumberger, it said on Friday. "A total ... Read more on this. Schlumberger Limited (SLB), valued at $109.96B, opened this morning at [...]

9/26/13Statoil (NYSE: STO) Significant Discovery (Energy and Capital)

Morning Energy Intel.

8/22/13(STO) Statoil ASA to Procure FSO Unit (Stock Blog Hub)

Norwegian major Statoil ASA (STO) announced that it would procure a floating storage and offtake (“FSO”) unit from Teekay Offshore Partners L.P. (TOO). The FSO unit would be utilized in Statoil’s Gina Krog oil and gas field located in North Sea. The FSO unit would be converted from the 1995-built shuttle tanker, Randgrid, where Teekay Offshore [...]

8/19/13Statoil (NYSE: STO) Sells Oil and Gas Assets (Energy and Capital)

Morning Energy Intel.

7/22/13(STO) Statoil ASA U.S. Business to Drive Growth (Stock Blog Hub)

Norwegian major Statoil ASA (STO) intends to grow in the United States with investments in oil and gas assets valued in excess of $20 billion. Statoil has high expectations with respect to growth from these assets. In 2012, the company’s North American portfolio had a compound annual growth rate of over 20%. It aims to maintain [...]

7/2/13Statoil (NYSE: STO) Eagle Ford Shale Investing (Energy and Capital)

Statoil (NYSE: STO) is officially an operator in the Eagle Ford shale, and the Norwegian company may be looking for even more acreage...

6/17/13Statoil Strikes Oil in Mozambique! (Energy and Capital)

Mozambique has the potential to be a lucrative oil-producing nation, and Statoil (NYSE: STO) and Tullow (LON: TLW) are hoping to be the first to reach the resource...

6/7/13Troubles for Norwegian Oil Production (Energy and Capital)

Norway's decision to increase taxes on the oil and gas sector has some companies outraged, and projects are slowing down.

6/6/13(NE) Noble and Statoil ASA in $655 Million Rig Deal (Stock Blog Hub)

Noble Corp (NE), owner of the world's third-largest offshore drilling fleet, has been contracted by Statoil ASA (STO) for the construction of a newbuild ultra-high specification jackup based on Category J design for performing drilling services on the Mariner project. The contract is for a period of four years with a one or two year option. [...]

4/18/13(STO) Statoil ASA and SOCAR to Explore Caspian (Stock Blog Hub)

Norwegian giant Statoil ASA (STO) has inked a memorandum of understanding (MoU) with the State Oil Company of the Republic of Azerbaijan – SOCAR. Per the agreement – signed by the company’s chief executives in Baku – both the companies will jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The [...]

4/18/13(FTI) FMC Technologies Inks Deal with Statoil ASA (Stock Blog Hub)

Oil drilling equipment maker FMC Technologies Inc. (FTI) has inked a deal with Norway’s Statoil ASA (STO), an integrated oil and gas company, for the supply of additional subsea tools. The order is estimated to have a value of $47 million. Per the deal, FMC Technologies will supply subsea trees and choke modules for the development [...]

3/6/13(STO) Statoil ASA Awards $380M Contract (Stock Blog Hub)

Norwegian energy giant Statoil ASA (STO) awarded a contract to an oilfield services firm Subsea 7 for the development of the Aasta Hansteen gas field in the northern part of Norwegian Sea. The contract is valued at US$380 million and involves the design, coating, fabrication and installation of 19 kilometer of rigid flowlines. Subsea 7 is [...]

1/28/13(STO) Statoil ASA Starts Exploration Drilling in Nanna Prospect (Stock Blog Hub)

Norwegian major Statoil ASA (STO) has commenced the drilling of an exploration well at the Nanna prospect in the North Sea off Norway. The exploration well – 25/11-26 – is being spud by Diamond Offshore Drilling, Inc.’s (DO) semi-submersible Ocean Vanguard. The probe lies in production license (PL) 169 and is being drilled in a water [...]

1/9/13(STO) Statoil ASA – ADR – Bear of the Day (Stock Blog Hub)

We are downgrading our recommendation on Statoil ASA (STO) ADRs to Underperform from Neutral. The company reported lower-than-expected earnings in the third quarter, mainly due to high exploration costs and low liquids production with steep operating costs in Norway. While reiterating its 2012 guidance, management now expects 2013 production to decline sequentially versus the previous flat [...]

1/1/13(FTI) FMC Technologies Inks Deal with Statoil (Stock Blog Hub)

Oil drilling equipment maker FMC Technologies, Inc. (FTI) has entered into a deal with Norwegian oil and gas firm Statoil ASA (STO) for the supply of additional subsea equipment. The contract is worth around $33 million in revenue. Per the deal, FMC Technologies will supply 10 production risers and tieback connectors for the Snorre field located [...]

12/20/12Statoil (NYSE: STO) Purchases Marcellus Shale Acreage (Energy and Capital)

Norway's Statoil (NYSE: STO) hopes to increase production in the U.S. to 500,000 barrels of oil equivalent a day in 2020.

10/18/12Statoil (NYSE: STO), Statkraft Acquire Offshore Wind Farm (Energy and Capital)

Statoil and Statkraft announced the acquisition of a 560MW wind farm off the coast of the UK...

10/9/12(LXK) Lexmark International’s Print Release for Statoil (Stock Blog Hub)

Leading printing and imaging solutions provider Lexmark International Inc. (LXK) has won a 5-year contract worth $20.0 million from renowned oil and gas producer Statoil ASA (STO). The contract makes Lexmark the sole supplier of comprehensive printing solutions to Statoil that are expected to optimize output, enhance productivity and reduce cost per print and printer downtime. [...]

8/28/12(SLB) Statoil Opts Schlumberger Services (Stock Blog Hub)

The world’s largest oilfield services provider, Schlumberger Limited (SLB) has been contracted by Norwegian energy firm Statoil ASA (STO) for electric wireline logging services on the Norwegian continental shelf (NCS). The four-year deal is valued at $342 million, and is expected to commence in February 2013 with extension options. The contract is applicable to all [...]

8/22/12(BHI) Baker Hughes-Statoil in Norwegian Continental Shelf Deal (Stock Blog Hub)

Oilfield services provider Baker Hughes Inc. (BHI) announced that it has won Norway-based Statoil ASA’s (STO) new drilling service contract for 25 fields on the Norwegian Continental Shelf (NCS). The two-year contract – valued at $504 million – is for integrated drilling services. The deal is with an option for Statoil to make two extensions [...]

2/23/12(STO) Statoil ASA Finds Gas Offshore Tanzania (Stock Blog Hub)

Statoil ASA (STO) along with its partner ExxonMobil Corporation (XOM) has found indications of natural gas in the Zafarani-1 well in Block 2 offshore Tanzania. The well, located about 80 kilometers off mainland Tanzania is considered to be of superior quality. Spud in early January, drilling activities of the well are likely to be over within [...]

11/28/11(STO) Statoil Cuts Yield on Storm Alert (Stock Blog Hub)

Statoil ASA (STO) has reduced its output at three platforms off central Norway as a precautionary measure against a severe winter storm forecast for the weekend. The non-critical personnel have been removed from three of its platforms namely ––Njord, Heidrun and Aasgard, at the same time stressing there has been no evacuation. Apart from these, the [...]

10/20/11Statoil Discovery in the North Sea Has 400 Million Barrels Of Oil (Energy and Capital)

Statoil is close to finishing its appraisal well, and will estimate the amount the reserve again upon completion.

9/20/11(STO) Statoil ASA to Upgrade Troll Capacity (Stock Blog Hub)

Statoil ASA (STO) has contracted Norway’s engineering group, Aibel, for the upgrade of a gas compression capacity on the Troll A platform in the North Sea. The contract is worth NOK 2.7 billion ($483 million). Per the agreement, Aibel is responsible for engineering, procurement, onshore and integrated offshore construction as well as completion of two new [...]

8/17/11Another ‘eureka’ moment for Statoil (Penny Stock DD)

For Statoil (STO), one plus one equaled way more than two Tuesday. The company has announced that its Aldous and Avaldsnes oil finds are probably part of a single combined oil structure that contains 500 million to 1.2 billion barrels of recoverable oil. On Aug. 8, Statoil reported that a well drilling at the Aldous Major South prospect [...]

7/8/11(STO) Statoil ASA and FMC Technologies in $43M Workover Deal (Stock Blog Hub)

Statoil ASA (STO) has awarded a $43 million contract to FMC Technologies Inc. (FTI) in order to support workover operations at four fast-track fields in the North Sea. This goes to show the effort that the company is making to increase productivity in the North Sea region. As per the agreement, FMC will manufacture and provide [...]

7/7/11(STO) Statoil ASA to Pay $2.47 Billion for New Rigs (Stock Blog Hub)

Oil giant Statoil ASA (STO) has awarded a contract worth $2.47 billion to Norway’s Songa Offshore. Per the deal terms, Songa will build two category D semi-submersible rigs for use on Norwegian Continental Shelf (NCS) with specified terms of 8 years each that could extend to 20 years. With a capability to work in water depths [...]

6/30/11(STO) Statoil Strikes Oil Near Oseberg (Stock Blog Hub)

Norway’s Statoil ASA (STO) has discovered oil and condensate in the North Sea’s Krafla West prospect. Situated around 26 kilometers south-west of the producing Oseberg South find, the discovery well encountered hydrocarbons in two columns with a total thickness of 300 meters. Initial calculations show that Krafla West could be holding recoverable reserves between 12.6–37.7 million [...]

6/29/11(STO) Statoil ASA Focuses on Offshore Wind (Stock Blog Hub)

Norway-based Statoil ASA (STO), through its subsidiary, has signed two contracts for the sale of a major part of its key onshore wind power assets. This forms a part of Statoil’s endeavors to concentrate on the offshore market. The first contract consists of the sale of 50% holding in five energy projects on the central Norwegian [...]

6/26/11(STO) Statoil ASA Awarded Contract for Subsea Compression (Stock Blog Hub)

Statoil ASA (STO) has awarded a contract to Aker Solutions for subsea compression topside modifications on the Statoil-operated Asgard A and B platforms in the North Sea. The contract is worth NOK 650 million ($116.7 million). This deal is classified as an engineering, procurement, construction and installation contract. Modification work mainly involves the supply of electricity [...]

6/21/11(STO) Statoil Sets Long-Term Goals (Stock Blog Hub)

Statoil ASA (STO) has set long-term growth goals for itself. The Norwegian company expects production to exceed 2.5 million barrels of oil equivalents per day in 2020 from 1.9 million barrels in 2010. For the past ten years, Statoil’s production grew at a compound annual growth rate (CAGR) of 3% and is likely to remain unchanged [...]

6/21/11(STO) Statoil ASA to Use Subsea Compression (Stock Blog Hub)

Statoil ASA (STO) is on track to boost its gas recovery rate at subsea wells in various fields. Accordingly, the Norwegian company plans to implement subsea compression -- an advanced process for production enhancement -- at the Gullfaks field, offshore Norway. Since 2008, Statoil and Framo Engineering have been working on technology upgrade for compressing wet [...]

6/19/11(STO) Statoil ASA Reaches Leismer Milestone (Stock Blog Hub)

Norwegian operator Statoil ASA (STO) has reached a production milestone of 1 million barrels of oil at its Leismer Demonstration Project (LDP) in northern Alberta, Canada. Although oil sands require long-term investments, Statoil has the capability to carry out development in different stages. In 2007, Statoil entered Kai Kos Dehseh (KKD) through the acquisition of North [...]

6/15/11(STO) Statoil ASA to Offload Gassled Stake (Stock Blog Hub)

Statoil ASA (STO) announced plans to divest majority of its stake in the Gassled joint venture for 17.35 billion kroner, or about $3.25 billion, in an effort to streamline its portfolio. The deal is subject to approvals from the Norwegian Ministry of Petroleum and Energy as well as the Ministry of Finance. Under the agreement, the [...]

4/1/11Big Find Sends Statoil Shares Soaring (STO, E, HES, TOT, XOM, CVX, COP) (

Shares of Statoil ASA (STO), Norway's largest oil company are surging 3% after the company announced what may be Norway's most significant oil discovery in over a decade, saying it found oil and natural gas at the Skugard prospect in the Barents Sea. The combination of the Statoil news and higher oil prices, helped by [...]

3/8/11Plexus secures contract win from Statoil for Pos-Grip wellhead equipment (Gold Stocks Today)

View the original article at Stockopedia March 08, 2011 01:31 AM AIM quoted oil and gas engineering services business Plexus (LON:POS) said this morning that it had signed an agreement with energy giant Statoil Petroleum to supply its proprietary Po...

3/3/11The Single Product Economy (Wall Street Sector Selector)

Norway ranks No.12 in the world in oil production. It relies on crude to fuel its economy much like several nations in the Middle East. Some oil production in the politically torn region has dropped particularly in Libya. Norway’s problem is quit...

10/11/10(STO) Statoil ASA and Talisman Energy Form Joint Venture in South Texas (Stock Blog Hub)

The Eagle Ford Shale play in south Texas created big news yesterday. Statoil ASA (STO) and Talisman Energy Inc. (TLM) entered into a definitive agreement to form a 50/50 joint venture for the acquisition of additional acreages in this play. The news follows a deal between the leading U.S.natural gas producer Chesapeake Energy Corporation (CHK) and [...]

10/11/10Shale Stocks Rally Despite Energy Dip (CHK, CEO, STO, TLM, COG, MHR) (

Chesapeake Energy (CHK) is up by 2% today after a weekend announcement that the firm will sell a third of its 600,000 acre leasehold in the Eagle Ford Shale project in South Texas to CNOOC (CEO) for $1.08 billion in cash. Under the terms of the deal, CNOOC will pay 75% of Chesapeake's drilling [...]

10/10/10Statoil, Talisman Make Eagle Ford Purchase (Benzinga)

Statoil (NYSE: STO), Norway's largest oil company, and Canada's Talisman Energy (NYSE: TLM) said they will pay $1.33 billion to buy oil shale properties in the Eagle Ford Shale in south Texas. Statoil also will pay $180 million a 50% stake in Talisman's existing Eagle Ford holdings, Bloomberg News reported. Statoil will spend $843 million on both transactions while Talisman will spend $485 million. The two companies have an option to buy 22,000 additional Eagle Ford acres. Talisman...

9/13/10Carbon capture: Is It Commercially Viable? (Benzinga)

Off the southwestern coast of Norway, in the North Sea, sits the mammoth Sleipner platform. Owned by Norway's Statoil ADR (NYSE: STO), it sucks natural gas from dozens of underwater wells, sending it through pipelines all across Europe. Out of that network, one pipe stands out from the others by carrying carbon dioxide, a natural gas byproduct linked heavily to global warming. That pipe connects to a reservoir made of sandstone nearly a mile under the ocean floor, where the CO2 is deposited...

9/8/10Is ‘Carbon Capture’ Commercially Viable? (Investment U)

Is 'Carbon Capture' Commercially Viable? by Tony D’Altorio, Investment U Research Wednesday, September 8, 2010 Off the southwestern coast of Norway, in the North Sea, sits the mammoth Sleipner platform. Owned by Norway's Statoil ADR (NYSE: STO), it sucks natural gas from dozens of underwater wells, sending it through pipelines all across Europe. Out of that network, [...]

4/18/10(STO) Statoil ASA Hires New Rig for Norwegian Continental Shelf (Stock Blog Hub)

Norwegian state-owned integrated oil and gas company Statoil ASA (STO) has signed a five-year contract with Seadrill Management for a newly built jack-up for the development of the Norwegian Continental Shelf (NCS). The value of this contract is $650 million. Currently under construction in Singapore, this jack-up ? Gusto MSC CJ70 150A ? is expected to [...]

3/18/10(STO) Statoil ASA Wades Further into US Gulf of Mexico (Stock Blog Hub)

Norwegian oil major Statoil ASA (STO) yesterday said that the company was the highest bidder on 21 tracts released in Minerals Management Service's (MMS) US Gulf of Mexico (GoM) central area lease sale. Statoil's winning bid is, however, subject to review and final approval by MMS. Statoil aims to acquire new acreages in areas where the [...]

3/17/10(STO) Statoil ASA Invests for More Oil (Stock Blog Hub)

Statoil ASA (STO), a Norwegian state-owned integrated oil and gas company, said that it will invest 20 billion kroner ($3.41 billion) for further development of Norway's largest gas field, Troll. The development includes more wells and pipelines. The company also said that the main purpose of this investment is to increase oil production from this field. [...]

2/4/10(STO) Statoil ASA to Spin off Retail Arm (Stock Blog Hub)

The Board of Directors of Norwegian oil major Statoil ASA (STO) has decided to spin off the group’s energy and retail (E&R) business for creating a new ownership structure. The company said that the step will strengthen this business with the new company’s direct access to the capital markets. Statoil hopes the listing of the [...]

1/26/10(FTI) FMC Technologies Wins Statoil Subsea Deal (Stock Blog Hub)

Oil drilling equipment maker FMC Technologies Inc. (FTI) announced the receipt of a $40 million contract from Norway-based oil and gas company StatoilHydro ASA (STO). The deal calls for FMC Technologies to design and provide subsea production systems to Statoil-operated Snorre field in the North Sea. FMC Technologies said that the contract includes 10 production risers, [...]

1/21/10Maybe Some Yoga And Then Some Herbal Tea (Random Roger's Big Picture)

Yesterday a couple of comments came in that were a little surprising given the context of the blog posts over the last couple of weeks. One reader asked what I do on days like today (meaning yesterday) when things like emerging markets, commodities and foreign in general go down more than the market. He wanted to know if I reexamine assumptions, make any tactical moves because of such a day or watch it like water torture. Another reader late in the day posted a comment asking what was wrong...

1/11/10(STO) Statoil ASA Invests in Iraqi West Qurna Phase 2 Oil Field (Stock Blog Hub)

Statoil ASA (STO), the Norwegian oil major, has decided to invest $1.4 billion in the Iraqi West Qurna Phase 2 oil field over the next four to five years and anticipates booking some reserves from the field. Located in the Basra Governorate, Iraq, the huge West Qurna Phase 2 oil field holds approximately 12.8 billion barrels [...]

1/6/10Norway’s Statoil launches 5 percent ethanol blend, will reach 40 percent of Norwegian market (Clean Energy Sector)

In Norway, Statoil announced that it has launched a 5 percent ethanol blend, called Bensin 95, which it said it would distribute to 40 percent of the Norwegian gasoline station network as of January. Statoil estimated that the use of Bensin 95 will reduce CO2 emissions by 11,000 tons per year, and will require no [...] Norway’s Statoil launches 5 percent ethanol blend, will reach 40 percent of Norwegian market is a post from: Biofuels Digest

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