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  1. Lund starts new BG CEO role early

    Headlines

    Mon, 9 Feb 2015

    LONDON, Feb 9 (Reuters) - Helge Lund began work as the new chief executive of BG Group on Monday, joining the oil and gas firm three weeks earlier than expected after gaining agreement from his previous employer Statoil .

  2. Many oil firms plan no North Dakota layoffs despite cheap oil

    Headlines

    Wed, 4 Feb 2015

    WILLISTON, N.D. (Reuters) - Halliburton, Statoil ASA , Hess Corp and other North Dakota energy companies have decided, for now, not to lay off staff in the No. 2 U.S. oil producing state, hoping to be prepared for any prolonged rebound in crude prices.

  3. ECB Review: Blowing on the Embers of a Reflationary Fire

    Headlines

    Tue, 27 Jan 2015

    oil and gas assets will result in a major revaluation of Hydro shares and the departure of several executives to the new StatoilHydro . Rather than resetting the strike prices of existing options or allowing departing executives to retain their options

  4. BG Group Removes Uncertainty About Future Leadership With New CEO

    Commentary

    Wed, 15 Oct 2014

    Wednesday with the appointment of Statoil CEO Helge Lund to fill the vacancy, effective ..... veteran. On the other hand, Statoil 's operational and financial ..... period. Like many of its peers, Statoil saw returns decline as greater

  5. Statoil Has Positive Long-Term Story but Little to Look Toward Near-Term

    Commentary

    Wed, 30 Oct 2013

    Statoil STO reported a rather uneventful quarter ..... its key downstream markets resulted in Statoil taking an impairment of NOK 4.2 billion. However, Statoil has no plans to divest the facilities despite

  6. Statoil's Earnings Hurt by Lower Prices, Lower Production

    Commentary

    Fri, 26 Jul 2013

    Statoil STO reported second-quarter earnings that ..... production is down 5%, albeit in line with Statoil 's previous guidance of lower production ..... year earlier due to the lower production. Statoil continues to maintain its 2020 forecast

  7. Solid Second Quarter for Noble; Newbuild Story Remains Attractive, Unappreciated

    Commentary

    Wed, 17 Jul 2013

    deep-water rigs under construction, adding almost $1.4 billion to its backlog, and obtained a contract with Statoil STO for a newbuild Cat-J rig for $655 million. The ultra high-specification jackup can drill in water depths of up

  8. Pembina's New CAD 850 Million Cornerstone Pipeline Will Connect With Its Nexus Terminal

    Commentary

    Fri, 28 Jun 2013

    consist of a 12-inch diluent line and 24-inch blended bitumen pipeline. The blended bitumen line will run from Statoil 's STO and state-owned PTTEP's (Thailand's national petroleum company) Kai Kos Dehseh oil sands project to Pembina

  9. Statoil Earnings Fall as Production Slides

    Commentary

    Fri, 3 May 2013

    Statoil STO reported adjusted after-tax earnings ..... 2013 looks to be a challenging year for Statoil . Management had already warned production ..... advance has always been a risky proposition. Statoil still faces steep declines on its home

  10. Seadrill’s 4Q Results Hamstrung by Blowout-Preventer Issues and Rig Delay

    Commentary

    Thu, 28 Feb 2013

    the improved sequential performance, but continued BOP issues and a delay in starting the West Hercules contract with Statoil STO kept the utilization numbers below the 95%-plus level Seadrill has historically targeted. The need to replace bolts

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