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  1. Statoil discovers up to 75M barrels at North Sea prospect

    Headlines

    Fri, 11 Apr 2014

    Statoil ( STO ) says it has made an oil and gas discovery in the Valemon Nord prospect ..... recoverable volume estimated at 20M-75M boe. The Valemon field is one of STO ’s largest ongoing development projects on the Norwegian continental shelf

  2. Statoil says it's disappointed with shale results outside U.S.

    Headlines

    Wed, 9 Apr 2014

    Statoil ( STO +1.4% ) is striving to become a global energy company, but a top exploration executive says its hunt for shale opportunities

  3. Statoil to use new oil sands technology to cut CO2 emissions

    Headlines

    Wed, 9 Apr 2014

    Statoil ( STO +0.9% ) says it aims to lower carbon dioxide emissions per barrel from ..... technologies designed to reduce energy and water use when producing bitumen. STO is applying solvents to its steam-assisted techniques and will use valves

  4. Monitoring The Cheap Oil Services Company, Geospace Technologies

    Headlines

    Wed, 9 Apr 2014

    wind-down of a lucrative permanent reservoir monitoring contract with the Norwegian government-controlled entity Statoil ( STO ). This contract made up a sizable portion of their revenue in the last quarter, $28 million worth of the just over

  5. Statoil starts up Gudrun field in Norwegian North Sea

    Headlines

    Mon, 7 Apr 2014

    Statoil ( STO -1.3% ) launches production from its Gudrun oil and gas field in the ..... for decades because new drilling technology was required to exploit it; STO expects to recover 184M barrels of oil and gas from the field during its

  6. Crude prices slide as Libyan rebels agree to reopen oil ports

    Headlines

    Mon, 7 Apr 2014

    in two to four weeks after more talks. Energy companies with a significant presence in Libya include Total ( TOT ), Statoil ( STO ), ConocoPhillips ( COP ), Marathon Petroleum ( MPC ), Hess ( HES ), Occidental Petroleum ( OXY ) and Repsol ( OTCPK

  7. Statoil farms down Angola pre-salt block to Genel

    Headlines

    Thu, 3 Apr 2014

    Statoil ( STO ) agrees to farm down a 15% interest in ..... chief executive Tony Hayward, for ~$222M. STO , which operates the block, will retain ..... acquiring from China Sonangol a 15% share of the STO -operated block 38 for ~$59M. The licenses

  8. Lundin, Statoil new oil finds bode well for Johan Sverdrup field

    Headlines

    Thu, 27 Mar 2014

    Lundin Petroleum ( OTCPK:LNDNF ) and Statoil ( STO ) have hit oil while drilling test wells at the giant Johan ..... partner Maersk Oil said the well test was "the best ever." STO encountered a 4.5 meter oil column at the edge of the

  9. Statoil wins deepwater oil license off Myanmar with ConocoPhillips

    Headlines

    Wed, 26 Mar 2014

    Statoil ( STO ) says it and 50-50 partner ConocoPhillips ( COP ) have been awarded a ..... waters of Bay of Bengal as part of the country's 2013 offshore bid round ; STO is the operator. Block AD-10 covers more than 9K sq. km, and is "a

  10. Statoil to review Snorre recovery project, as capex cuts, new taxes weigh

    Headlines

    Thu, 20 Mar 2014

    Statoil ( STO -0.7% ) says it may delay an investment ..... Reitan says without further explanation, but STO last year postponed its Johan Castberg oil ..... limiting deductions companies can make. STO has since cut planned spending by 8% for

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