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updated Fri. May 4, 2018

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Statoil plans to explore the Norwegian Sea Gunnvald prospect in the third quarter, seeking additional resources that can be brought on stream via existing infrastructure. The probe in production licence 751 will investigate the Tofte formation, with a secondary target in the Tilje formation, both in Jurassic ...
Norwegian owner Eidesvik Offshore has been awarded a contract by Statoil for 2009-built platform supply vessel Viking Lady . The LNG-fueled vessel will commence operations with Statoil during the second quarter of 2018 for a period of four months, with a six month option. Commercial terms of the ...

Recently Statoil is presenting its Annual Report and Form 20-F for the year ended 2017, and its sustainability report. In 2017, Statoil delivered record high equity production of 2.080 million barrels of oil equivalent per day and an underlying production growth of more than 6%, driven by continued strong ...
By now you all surely already know that Statoil (STO) plans to change its name to "Equinor." The name is apparently owned by an Oslo-registered veterinarian and is a nod to equality and the company's home country of Norway. Statoil says it wants to be at the forefront of modern day energy systems and ...
The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium, and “nor”, signalling a company proud of its Norwegian origin, and who wants to use this actively in its positioning. Norman Valentine, senior vice president, corporate analysis, at Wood ...
Statoil ASA logo Duff & Phelps Investment Management Co. reduced its stake in Statoil ASA (NYSE:STO) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,468 shares of the oil and gas ...

Statoil has awarded a Nkr3.8bn ($481.34m) contract for delivery of the topside modules for the floating production vessel (FPSO) on the Johan Castberg field in the Barents Sea to engineering and construction services company Kvaerner. The scope of the contract includes building a total of ten modules, ...
Norwegian energy giant Statoil said today that its Hywind project off Peterhead had outstripped expectations in its first three months of production. Statoil said the floating wind farm worked at 65% of its maximum capacity between November and January. The average capacity factor for a fixed-bottom array ...
On Wednesday, February 7, 2018, Norwegian oil and gas giant Statoil ASA (STO) reported its fourth quarter 2017 results. As was the case with many other large oil and gas companies, Statoil's results were buoyed by the higher oil prices prevalent in the latest quarter compared to prior ones. The company ...
"It is a fact that there is a decline in oil and gas (but) there is still a growing demand… we have to deliver that and the question is how to do that?" Statoil CEO Eldar Saetre told CNBC on Wednesday. The Norwegian oil firm said Wednesday it expected to invest around 15 to 20 percent of its total capital ...
According to the Statoil website, the Norwegian energy giant operates in more than 30 countries and is the world's largest offshore driller. The Chevron complaint cites Statoil's production numbers, including approximately 251,000 barrels of oil per day just in its U.S. business. Statoil did not immediately ...
... commercial manager for Fugro said: “For decades Fugro has been at the forefront of the rig positioning market in Norway. “Our knowledgeable and responsive project management team, combined with our highly skilled and experienced offshore personnel, ensures safe and efficient operations for Statoil ...
Statoil (NYSE: STO) has contracted the West Hercules semisubmersible rig for its drilling campaign in the Barents Sea, the company said on Feb. 1. The rig has been contracted for drilling two exploration wells in the Barents Sea in 2018 and options to drill another five exploration wells. Statoil and the ...
Ocean Installer revealed that it has secured a 'substantial' contract with Statoil ASA for marine operations on the Johan Castberg project in the Barents Sea. The contract, which is described by Ocean Installer as 'significant in size', will be managed from the company's Stavanger office. “The Johan Castberg ...
Argentina's state-run YPF (YPF -1%) says it finalized a deal with Statoil (STO -0.9%) to jointly explore and develop a block targeting the country's giant Vaca Muerta shale play. STO will take a 50% stake in the 38.8K-acre Bajo del Toro block in the Neuquen province, home to most of the play's acreage, ...
Masdar and Statoil have announced a collaborative agreement to study and explore the potential for battery storage by analyzing data from their joint offshore wind and battery storage project at Hywind Scotland, known as Batwind. Hywind Scotland - World's First Floating Wind Farm Announced on the ...
For Statoil, this is its first onshore project in Argentina, and its second partnership with YPF. In 2016, the companies teamed up to study 89 million acres of offshore acreage stretching from Argentina's northern maritime border with Uruguay to the 45th parallel, just to the north of Comodoro Rivadavia, Chubut ...

STAVANGER -- In connection with the Award in Predefined Areas (APA) for 2017 Statoil has been offered interests in 31 exploration licences on the Norwegian continental shelf (NCS), 17 of these as operator, and 14 as a partner. “The NCS is the core of Statoil's business, and we are pleased with the ...
The battery storage system earmarked for Hywind, the world's first floating wind farm in Scotland, is being eyed for potential use in other future developments under a collaborative agreement announced today by the project's owners Statoil and Masdar. Norwegian oil and gas firm Statoil and Abu ...
SANDEFJORD, Norway, Jan 16 (Reuters) - Statoil has begun work on a proposal to build an onshore terminal in northern Norway for handling oil from the Arctic offshore Johan Castberg oilfield and other yet-to-be-developed resources, the country's energy minister and Statoil's chief executive said on ...
Statoil ASA (NYSE: STO) and Royal Dutch Shell (NYSE:RDS.A) are both large-cap energy companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, earnings, analyst recommendations, risk and profitability ...
Mr MacIver said: “Marine Scotland has already identified areas of search for offshore wind to the north and west of the Outer Hebrides and Statoil are reviewing these areas as candidates for future Hywind deployment.” He added: “We continue to engage with Statoil and discuss the potential of the Hebrides ...
Folketrygdfondet increased its stake in Statoil Asa (STO) by 0.29% based on its latest 2017Q3 regulatory filing with the SEC. Folketrygdfondet bought 335,771 shares as the company's stock rose 3.76% with the market. The institutional investor held 117.92M shares of the integrated oil company at the end ...
Statoil joins Aker BP, Lundin, and National Oilwell Varco in the DEMO2000 JIP. The project aims to bring the Fuglesangs Subsea Omnirise single-phase booster to market by early 2019. “Once we eliminated the single biggest problem with subsea pumps, all the other pieces fell into place,” Fuglesang says.
DeepOcean has been awarded a major contract by Statoil for performing marine operation scope on the Snorre Expansion Project in the North Sea. The award covers project management, engineering, procurement of anchors for risers and umbilicals and offshore installation activities. The offshore work ...
The Norwegian Petroleum Directorate confirmed Thursday that Statoil Petroleum AS has come up dry in well 15/6-14 S, located in the central part of the North Sea. The objective of the well was to prove petroleum in Middle Jurassic reservoir rocks (the Hugin formation) and conduct extensive data ...
A well drilled near the Gina Krog field in the Norwegian North Sea has come up dry. Maersk Drilling used its Integrator rig to drill the well for Statoil. The Norwegian Petroleum Directorate (NPD) said the exploration well was the first to be drilled in production licence 029 C, about 250 kilometres west of ...
Norwegian operator Statoil has joined Aker BP, Lundin, and National Oilwell Varco in a DEMO2000 joint industry project (JIP) to develop a new subsea booster pump. The project aims to bring the Fuglesangs Subsea Omnirise single-phase booster to market by early 2019. It's a pump which doesn't require ...
Now we will discuss the financial strength of Statoil ASA. The company's average Piotroski F-Score: 6 during the last 7 years. Its mean Altman Z-Score: 1.46 during the last 7 years, while average Beneish M-Score: -3.02 during the last 7 years. Revenue growth shows increase or decrease in sales over time.
Statoil and its contractors are making steady progress on the Johan Sverdrup field development in the northern Norwegian North Sea. At the project's halfway point in September, construction of all elements of the Phase 1 facilities was 70% complete, with the first of the four platform jackets installed this ...
In a striking illustration of how oil companies have adapted to lower prices, Statoil cut estimated investments at the Johan Castberg project to about 49 billion kroner ($6 billion) from an initial forecast of more than 100 billion kroner, it said on Tuesday, reiterating a figure given in June. The field in the Barents ...
The next five years will be critical for Statoil, Orsted, and other companies to prove the viability of offshore wind in the U.S., with firms gearing up to begin construction on at least eight offshore wind farms along the East Coast through 2023. Offshore wind developers say Trump administration support for ...
Oslo — Norway's Statoil says it has pulled out of negotiations to take a 25.5% stake in a gas block off Mozambique, citing lack of progress after more than two years of talks. Statoil, Eni, Sasol and Mozambique's national oil and gas firm ENH were awarded the exploration rights in the A5-A block within the ...
Very quietly, StatOil has significantly outperformed its energy peer group and even the S&P500 over the past 12-months. Some of that is because STO fell so hard during the commodity price down-cycle. But there is much more to the story. STO has cut costs, has an excellent EuroGas business, and organic ...
OSLO, Jan. 15 (Xinhua) -- Norway's oil and gas company Statoil has announced increased oil drilling activity on the Norwegian continental shelf after the government decided to forbid exploration in some Arctic areas, public broadcaster NRK reported Monday. According to the report, the government's ...
The market has also witnessed a rise in energy demand and oil and gas companies are poised to benefit from the situation. One such company, which is also currently the investor favorite, is Statoil ASA STO . It is a Zacks Rank #1 (Strong Buy) stock holding immense potential. You can see the complete list ...
Offshore Norway, Statoil plans to operate five high impact exploration tests in the Barents Sea this year and to participate in 20-25 further E&A wells. Overall, Westwood expects 35-40 exploration and appraisal wells to drill offshore Norway this year, much higher than in 2016. Elsewhere in northwest Europe ...
The Snorre field plays an important part in Statoil's attempt to enhance long-term value and operations at Norwegian continental shelf (NCS). Snorre expansion is the largest improved oil recovery project (IOR) on the NCS and provides valuable production and activity, which are beneficial for Statoil and ...
Statoil currently carries a Zacks Rank #3 (Hold). A fewbetter-ranked players in the energy sector include Holly Energy Partners, LP HEP , HollyFrontierCorporation HFC , and Northern Oil and Gas Inc NOG . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks ...
Statoil ASA (NYSE:STO) ranks in the top 10% of its industry group, Oil Gas & Consumable Fuels, and in the top decile of sector group, Energy, with a market value of $67.4 billion. From an investment attractiveness viewpoint, STO is ranked among the sector leaders with a ranking of 25 among the 363 ...
In August 2017, Statoil and Argentina's energy company, YPF, inked a preliminary agreement relating to joint exploration of the Vaca Muerta Formation in the Bajo del Toro block. The company intends to strengthen position in light oil via its holding in the outstanding unconventional resource play, the Vaca ...
Norway's Statoil ASA (STO) said Thursday it has been awarded an exploration license in Argentina, taking a 90% interest as operator. Continue Reading Below. The award relates to the Bajo del Toro Este exploration license in the Neuquen basin and Statoil has committed to one exploration well within the ...
Statoil will invest $1.3 billion searching for new resources this year, about a third of the amount in 2013. Nevertheless, cheaper drilling has allowed it to increase the number of wells to about 30 globally this year from 23 in 2016, and next year's campaign marks a potential doubling of exploration in the North ...
There is a large potential in modernizing post-transaction processes in physical energy trading and blockchain technology is a tool that could release that potential, according to Statoil. “We have decided to be an early mover and team up with a group of energy majors, banks and trading houses to apply ...
Statoil plans to establish next year a new onshore integrated operations center (IOC) that will help increase safety, add value and reduce emissions from its the Norwegian Continental Shelf (NCS) fields. By establishing the IOC, Statoil aims over the next decade to boost production from its operated fields, ...
Statoil has announced that it will establish a new onshore integrated operations centre in 2018, which will 'help increase safety, add value and reduce emissions' from its installations on the Norwegian continental shelf (NCS). The location of the new centre will be decided next year and will integrate ...
Statoil ASA STO, -1.13% has agreed to buy stakes in two Norwegian oil assets from Total SA TOT, -0.11% for $1.45 billion, expanding its presence on the Norwegian Continetal Shelf with fields that offer low production costs and that will allow it to boost synergies from existing infrastructure in the area.
Statoil ASA (NYSE: STO) is one of 20 publicly-traded companies in the “Integrated Oil & Gas” industry, but how does it compare to its ...
Statoil ASA (NYSE:STO) received a lot of attention from a substantial price movement on the NYSE in the over the last few months, increasing ...
Norwegian energy giant Statoil said today that the Dudgeon wind farm in the North Sea had come in 15% under budget. The development off ...


 

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