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  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. Recent Events in Brazil and Rig Sale Make for Interesting Times for Offshore Drillers

    Commentary

    Mon, 3 Dec 2012

    covenants. Furthermore, Songa has a four-rig deal with Statoil STO for some unique rigs designed for work in Norway called Cat-D rigs. Statoil has committed to contracts for the four rigs worth just

  9. BP Has a Decent Third Quarter, but Rosneft Color to Us is the Most Interesting

    Commentary

    Tue, 30 Oct 2012

    company an implied 19.75% stake in the Arctic exploration deals that Rosneft signed with ExxonMobil XOM, Eni ENI, and Statoil STO . This is a larger exposure than BP would have netted had its own Arctic deal in 2011 with Rosneft not failed. Additionally

  10. Statoil Scheduled to Shut Down Production Over Labor Dispute

    Commentary

    Fri, 6 Jul 2012

    retirement. As a result of the lockout, Statoil STO expects to lose approximately 1 ..... a such a large loss in volumes ( Statoil 's equity production in the first ..... and its large ownership stake in Statoil (67%), we think it will ultimately

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