All Posts Tagged With: "STO"
(BP) Three European Oil Firms Strike Angola Deal
With the aim of expanding individual footing in the energy sector of South Africa, three European oil biggies entered into three different deals with Sonangol, the National Fuel Company of Angola, to explore the undeveloped pre-salt offshore acreage. London, England-based BP...
28Dec2011 | vitalstocks | 0 comments | Continued(EIA) Shale Gas: A Boon or Bubble?
Over the last few years, a quiet revolution has been reshaping the energy business in the U.S. Known as ‘shale gas’ – natural gas trapped within dense sedimentary rock formations, or shale formations – it is being seen as a game changer, set to usher in an era of energy...
9Dec2011 | vitalstocks | 0 comments | Continued(STO) Statoil Cuts Yield on Storm Alert
Statoil ASA (STO) has reduced its output at three platforms off central Norway as a precautionary measure against a severe winter storm forecast for the weekend. The non-critical personnel have been removed from three of its platforms namely ––Njord, Heidrun and Aasgard,...
28Nov2011 | vitalstocks | 0 comments | Continued(EIA) Oil and Gas Stock Outlook – October 2011 – Industry Outlook
OUTLOOK Crude Oil Mounting worries about Europe’s debt crisis, a persistently weak U.S. jobs market and less-than-encouraging guidance from the Federal Reserve have been weighing on investor sentiment, weakening oil prices to around $85 a barrel. Apprehensions about high...
20Oct2011 | vitalstocks | 0 comments | Continued(SHI) China Buying its Way to Shale Technology
by Justin Dove, Investment U Research Friday, October 14, 2011 Sinopec’s (NYSE: SHI) move to purchase Calgary-based Daylight Energy (OTC: DAYYF.PK) and its 300,000 acres of oil and gas-rich land for $2.2 billion certainly wasn’t the first Canadian acquisition by a Chinese...
17Oct2011 | InvestmentU | 0 comments | Continued(CHK) Utica Shale Could Generate 204,500 Jobs
by Justin Dove, Investment U Research Thursday, September 29, 2011 The Ohio Oil and Gas Energy Education Program (OOGEEP) released a very bullish projection this month on the economic impact of Utica shale activity in the region. The report predicted that Utica shale production...
30Sep2011 | InvestmentU | 0 comments | Continued(STO) Statoil ASA to Upgrade Troll Capacity
Statoil ASA (STO) has contracted Norway’s engineering group, Aibel, for the upgrade of a gas compression capacity on the Troll A platform in the North Sea. The contract is worth NOK 2.7 billion ($483 million). Per the agreement, Aibel is responsible for engineering, procurement,...
20Sep2011 | vitalstocks | 0 comments | Continued(BP) BP to Revive North Sea Fields
BP Plc (BP) and its partners have signed a £3 billion (US$4.8 billion) agreement for the redevelopment of two oil fields in the North Sea. The deal is as a part of BP’s strategy to uphold a superior business standard in the region despite a recent tax hike on oil and gas production...
15Jul2011 | vitalstocks | 0 comments | Continued(SNP) China Petroleum and Chemical Corporation-Henan Win Chinese Blocks
China Petroleum and Chemical Corporation, or Sinopec (SNP) and Henan Provincial Coal Seam Gas Development and Utilization Co. were awarded a shale gas block each by the Chinese government in its first auction of the unconventional gas resource. The auction was initiated last...
10Jul2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA and FMC Technologies in $43M Workover Deal
Statoil ASA (STO) has awarded a $43 million contract to FMC Technologies Inc. (FTI) in order to support workover operations at four fast-track fields in the North Sea. This goes to show the effort that the company is making to increase productivity in the North Sea region. As...
8Jul2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA to Pay $2.47 Billion for New Rigs
Oil giant Statoil ASA (STO) has awarded a contract worth $2.47 billion to Norway’s Songa Offshore. Per the deal terms, Songa will build two category D semi-submersible rigs for use on Norwegian Continental Shelf (NCS) with specified terms of 8 years each that could extend to...
7Jul2011 | vitalstocks | 0 comments | Continued(STO) Statoil Strikes Oil Near Oseberg
Norway’s Statoil ASA (STO) has discovered oil and condensate in the North Sea’s Krafla West prospect. Situated around 26 kilometers south-west of the producing Oseberg South find, the discovery well encountered hydrocarbons in two columns with a total thickness of 300 meters. Initial...
30Jun2011 | vitalstocks | 0 comments | Continued(PBR) Petrobras and Partners Strike Oil
Brazilian oil giant Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two levels of high-quality crude oil at a well in the country’s ultra deepwater pre-salt Campos Basin. Apart from Petrobras, which has a 30% interest in the 1-REPF-11A-RJS well (informally...
29Jun2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA Focuses on Offshore Wind
Norway-based Statoil ASA (STO), through its subsidiary, has signed two contracts for the sale of a major part of its key onshore wind power assets. This forms a part of Statoil’s endeavors to concentrate on the offshore market. The first contract consists of the sale of 50%...
29Jun2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA Awarded Contract for Subsea Compression
Statoil ASA (STO) has awarded a contract to Aker Solutions for subsea compression topside modifications on the Statoil-operated Asgard A and B platforms in the North Sea. The contract is worth NOK 650 million ($116.7 million). This deal is classified as an engineering, procurement,...
26Jun2011 | vitalstocks | 0 comments | Continued(STO) Statoil Sets Long-Term Goals
Statoil ASA (STO) has set long-term growth goals for itself. The Norwegian company expects production to exceed 2.5 million barrels of oil equivalents per day in 2020 from 1.9 million barrels in 2010. For the past ten years, Statoil’s production grew at a compound annual growth...
21Jun2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA to Use Subsea Compression
Statoil ASA (STO) is on track to boost its gas recovery rate at subsea wells in various fields. Accordingly, the Norwegian company plans to implement subsea compression — an advanced process for production enhancement — at the Gullfaks field, offshore Norway. Since...
21Jun2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA Reaches Leismer Milestone
Norwegian operator Statoil ASA (STO) has reached a production milestone of 1 million barrels of oil at its Leismer Demonstration Project (LDP) in northern Alberta, Canada. Although oil sands require long-term investments, Statoil has the capability to carry out development in...
19Jun2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Wins Bulgarian Approval for Shale Gas Exploration
Chevron Corp. (CVX) has secured a five-year permit from the Bulgarian government for the exploration of shale gas deposits in northeastern Bulgaria. The company will make a 30 million euro payment to the Bulgarian government to commence shale gas exploration in the field, which...
17Jun2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA to Offload Gassled Stake
Statoil ASA (STO) announced plans to divest majority of its stake in the Gassled joint venture for 17.35 billion kroner, or about $3.25 billion, in an effort to streamline its portfolio. The deal is subject to approvals from the Norwegian Ministry of Petroleum and Energy as well...
15Jun2011 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies Wins HMDC Contract
Oil drilling equipment maker FMC Technologies Inc. (FTI) entered into a manufacture and supply contract with Hibernia Management and Development Company Ltd. (“HMDC”). The financial terms of the deal were not disclosed. Per the terms of the contract, FMC Technologies has...
27Apr2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA and BP in Algeria’s In Salah Southern Fields Gas Project
Norway’s Statoil ASA (STO), along with its partners BP Plc (BP) and Algeria’s state energy company Sonatrach, have entered into a $1.15 billion field development agreement with Petrofac International in Algeria’s In Salah Southern Fields gas project. Per the agreement,...
13Apr2011 | vitalstocks | 0 comments | Continued(BP) What Crude Oil Investors Need to Know Anout the Libya Crisis
by David Fessler, Energy and Infrastructure Specialist Wednesday, February 23, 2011: Issue #1455 First Tunisia… then Egypt… then on to Bahrain… and now Libya. The political uprisings sweeping across the Middle East have provided the storylines of 2011 so far. Why all...
23Feb2011 | InvestmentU | 0 comments | Continued(EOG) How to Profit From the New Oil Boom in Texas
by David Fessler, Energy and Infrastructure Expert Friday, February 4, 2011: Issue #1443 It was 1894 when a crew of workers in Corsicana, Texas were drilling for water… only to strike oil instead. The rest, as they say, is history – and Texas’ relationship with black...
6Feb2011 | InvestmentU | 0 comments | Continued(PBR) Petrobras Brasileiro Scores Light Oil in Espirito Santo
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of light oil in the country’s Espírito Santo Basin. The new well – the deepest find in the region – is expected to have an important bearing regarding further exploration...
25Dec2010 | vitalstocks | 0 comments | Continued(CEO) Profit As China Invests in Argentina
by Tony D’Altorio, Investment U Research Monday, December 20, 2010 China’s large appetite for commodities has it heading into South America. And Brazil and Argentina are getting the lion’s share of its interest. Chinese companies have spent over $15 billion just on...
20Dec2010 | InvestmentU | 0 comments | Continued(PTR) New Kids on the Oil Block are China’s Oil Companies
by Tony D’Altorio, Investment U Research Wednesday, November 10, 2010 China’s quest for energy has become a hot topic in recent years. Its search for energy resources has changed the global energy landscape… perhaps forever. This year in particular, its national oil...
12Nov2010 | InvestmentU | 0 comments | Continued(CEO) CNOOC Bests Exxon Bid for Jubilee Field
China’s CNOOC Ltd. (CEO) and Ghana National Petroleum Corp. have bid for Kosmos Energy’s (a Texas-based oil and production company) assets in the West African state Incorporatedluding its stake in the Jubilee field, according to news published in Bloomberg.com. The amount...
25Oct2010 | vitalstocks | 0 comments | Continued(CVX) Chevron Plans $7.5 Billion Gulf of Mexico Drilling Investment
U.S. energy behemoth Chevron Corp. (CVX) has approved a multibillion-dollar deepwater project in the Gulf of Mexico (“GoM”), just days after the federal government decided to lift its drilling moratorium in the region. The company plans to invest approximately $7.5 billion...
23Oct2010 | vitalstocks | 0 comments | Continued(STO) Statoil ASA and Talisman Energy Form Joint Venture in South Texas
The Eagle Ford Shale play in south Texas created big news yesterday. Statoil ASA (STO) and Talisman Energy Inc. (TLM) entered into a definitive agreement to form a 50/50 joint venture for the acquisition of additional acreages in this play. The news follows a deal between the...
11Oct2010 | vitalstocks | 0 comments | Continued