Statoil ASA Newswire

Statoil ASA Newswire

Comprehensive Real-Time News Feed for Statoil ASA.

Results 1 - 20 of 381 in Statoil ASA

  1. Lundin brings Norway's Edvard Grieg field onlineRead the original story

    1 hr ago | World Oil

    Lundin Petroleum has announced that first oil from the Edvard Grieg field in the Norwegian North Sea was achieved on Nov. 28, 2015. The Edvard Grieg field has commenced production and marks the beginning of a transformational increase in Lundin Petroleum's production levels and cash flow generation going forward.


  2. CEO Paychecks Rarely on the Line When It Comes to Being GreenRead the original story

    4 hrs ago | Bloomberg

    ... to green goals includes insurer Allianz SE and appliance-maker Royal Philips NV, along with petroleum companies Statoil ASA and Total SA, filings show. Alcoa Inc., one of few U.S. signers with a specific part of its CEO compensation based on ...


  3. Recent Study: Drill Pipe Market - Global Trends & Forecast to 2020Read the original story w/Photo

    Friday Nov 27 | SBWire

    ... to contain some of the largest offshore reserves in the world. New discoveries in the Kwanza basin in Angola by Statoil ASA (Norway) have increased the expectations of the IOCs. This is also due to the fact that the geology of the Kwanza basin ...


  4. Statoil ASA: Notifiable tradingRead the original story

    Friday Nov 27 | GlobeNewswire

    The following primary insider in Statoil ASA has sold shares in Statoil ASA: Lars Christian Bacher, executive vice president in Statoil ASA, has on 27 November 2015 sold 5,000 shares in Statoil ASA at a price of NOK 135.40 per share, and will after the purchase hold 20,172 shares in Statoil ASA. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


  5. Norway Faces 20% Drop in Oil Investment After Prices SlumpRead the original story

    Tuesday Nov 24 | The Washington Post

    ... to throw Norway's economy into a recession. Crude producers and service companies such as state- controlled Statoil ASA have announced more than 25,000 job cuts, sending ripples through an economy where one in nine jobs depends on oil. "I don't know ...


  6. Statoil Working to Squeeze Profit From Arctic Deposit at $50 OilRead the original story

    Tuesday Nov 24 | The Washington Post

    Statoil ASA is working to reduce the break- even price of its delayed Johan Castberg oil field in the Barents Sea to below $50 a barrel as it seeks to squeeze profit from the project after crude markets collapsed. Norway's biggest oil company has already cut the price at which it recoups its costs from the Arctic field to $60 a barrel from $80, it said last month.


  7. Norway offshore fleet faces more pain as 100 vessels stackedRead the original story

    Monday Nov 23 | World Oil

    ... 11% in 2017, according to forecasts last week by the Norwegian Oil and Gas Association, an industry lobby. Statoil ASA, the operator of more than 70% of the country's production , is cutting spending by 18% this year, sending ripples through the ...


  8. Norwegian energy giant addresses climate concernsRead the original story w/Photo

    Monday Nov 23 | UPI

    Oil and gas will continue playing a strong role in the global energy sector, but climate issues are sparking an industry sea change, the head of Statoil said. Most major economies have offered climate proposals ahead of the late November meetings in Paris.


  9. Vermilion Energy: Euro Gas Operations Are Front And CenterRead the original story w/Photo

    Friday Nov 20 | Seeking Alpha

    Every market day, we select up to 20 of our authors' top long and short ideas, exclusively for PRO subscribers. The Q3 report had some good news - strong gas wells in the Netherlands - and some bad news - more delays with Corrib.


  10. Norway Oil Producers Seek More Deals After $2 Billion FlurryRead the original story

    Thursday Nov 19 | The Washington Post

    ... He declined to give any geographical details. Wintershall, a unit of BASF SE which has bought assets from Statoil ASA in Norway for more than $2.6 billion since 2012 and also sold $602 million in assets to Sequa in June, is keeping an eye on the ...


  11. Can Pacific Drilling Survive The Industry Challenges?Read the original story w/Photo

    Wednesday Nov 18 | Seeking Alpha

    It has a slim order backlog, and the company's debt of $2.9 billion is likely to be a problem if the offshore industry remains weak in 2017. The company's debt servicing will remain smooth in 2016, but the stock is unlikely to recover until there is a order backlog boost.


  12. Global rig fleet declines in tandem with industry activityRead the original story w/Photo

    Wednesday Nov 18 | World Oil

    ... U.S., exemplified by this location in Monroe County, Ohio, has not fallen as sharply as in other areas. Photo: Statoil ASA. Last year's tumble in oil and gas prices forced U.S. rig owners to stack numerous units and downsize operations over the past ...


  13. Statoil decides to exit exploration in AlaskaRead the original story w/Photo

    Tuesday Nov 17 | Big News

    Norwegian multinational oil and gas company Statoil ASA has decided to exit the Chukchi Sea offshore Alaska following exploration results in neighbouring leases not yielding expected results. Determining its leases there are no longer competitive within the company's global portfolio, the company in a statement Tuesday announced plans to exit 16 operated leases and its stake in 50 leases operated by ConocoPhillips.


  14. Statoil exits operations in AlaskaRead the original story w/Photo

    Tuesday Nov 17 | MarketWatch

    Norwegian oil group Statoil ASA is exiting its Alaskan operations and closing its office in the state's capital Anchorage.


  15. Shell plans to retain four senior BG execs after merger -memoRead the original story

    Monday Nov 16 | Reuters

    Nov 16 Royal Dutch Shell plans to retain four members of BG Group's executive team after the companies' planned merger next year, according to an internal memo seen by Reuters on Monday. The memo indictates that the planned $70 billion takeover of BG by Shell remains on track.


  16. OPEC 'Confidential'Read the original story w/Photo

    Monday Nov 16 | Seeking Alpha

    OPEC oil ministers meet on December 4 to decide on pricing strategy. In advance of the meeting, it issued a 44-page report marked "CONFIDENTIAL."


  17. Execs: oil may not reach US$100 againRead the original story

    Friday Nov 13 | Buenos Aires Herald

    As crude supplies are abundant, demand could peak amid shift to cleaner energy LONDON - Just as the energy industry has brushed aside concerns that the world could run out of oil, industry executives now say they believe it is demand, rather than supply, that is nearing its apex. In 1985, Ian Taylor, today the chief executive of the world's largest oil trader Vitol, was part of a team at Royal Dutch Shell that forecast oil prices would rise fivefold to US$125 a barrel in 2015 as global reserves were expected to become more scarce.


  18. World's first floating wind farm to be built off Scottish coastRead the original story w/Photo

    Thursday Nov 12 | Gizmag

    ... pilot park will be the world's first wind farm with five wind turbines generating six megawatts each (Credit: Statoil ASA) In a deal between the Scottish government and Norwegian oil company Statoil, five wind turbines with a capacity of six ...


  19. Statoil pledges C$82M for exploration offshore Nova ScotiaRead the original story w/Photo

    Thursday Nov 12 | Seeking Alpha

    Statoil is awarded two deepwater exploration licenses offshore Nova Scotia totaling C$82M by the Canada-Nova Scotia Offshore Petroleum Board.


  20. It has to do with oil companies and banks.Read the original story

    Thursday Nov 12 |

    ... losses to the least are; Whiting Petroleum (WLL), Hess (HES), EOG Resources (EOG), Continental Resources (CLR), Statoil ASA (STO) and Marathon Oil (MRO). (Whiting Petroleum is part of TheStreet's Stocks Under $10 portfolio. EOG Resources is part of ...