All Posts Tagged With: "STO"
(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...
(MWE) MarkWest Starts Majorsville Project
MarkWest Liberty Midstream & Resources L.L.C and NiSource Midstream Services (‘NMS”) announced the start-up of operations for projects in the Majorsville Processing complex in West Virginia. MarkWest Liberty Midstream & Resources is a joint venture of MarkWest...
(SNP) Sinopec, CNOOC Step up for Brazilian Oil and Gas Companies Bid
China’s initiative to acquire overseas properties seems likely to continue with the recent bidding process for stakes in assets owned by the Brazilian oil and gas companies OGX SA. Sinopec (SNP) and CNOOC...
(BP) BP Acquires Devon Energy Assets for $2 Billion
BP Plc (BP) completed the acquisition of an additional interest in the Azeri-Chirag-Gunashli (or “ACG”) oilfield development in the Azerbaijan sector of the Caspian Sea from the U.S. independent oil and...
(CHK) Chesapeake Energy’s Future is So Bright
Chesapeake Energy (NYSE: CHK) has a lot going for it. The second largest natural gas producer in the United States, it is a leader in...
(STO) Statoil ASA Hires New Rig for Norwegian Continental Shelf
Norwegian state-owned integrated oil and gas company Statoil ASA (STO) has signed a five-year contract with Seadrill Management for a newly built jack-up for the development of the Norwegian Continental Shelf...
(FTI) FMC Technologies Analysts Maintain Neutral Rating
We are maintaining our Neutral recommendation on FMC Technologies Inc. (FTI) with a target price of $64.
We like FMC Technologies’ diversified product portfolio, specialty service capabilities and...
(CHK) Chesapeake Energy Corporation Sees More Joint Ventures Ahead
Chesapeake Energy Corporation (CHK) is stepping ahead for more joint ventures for its properties, according to management.
Chesapeake holds the industry’s leading position in U.S. acreage. In addition...
(STO) Statoil ASA Wades Further into US Gulf of Mexico
Norwegian oil major Statoil ASA (STO) yesterday said that the company was the highest bidder on 21 tracts released in Minerals Management Service’s (MMS) US Gulf of Mexico (GoM) central area lease sale....
(STO) Statoil ASA Invests for More Oil
Statoil ASA (STO), a Norwegian state-owned integrated oil and gas company, said that it will invest 20 billion kroner ($3.41 billion) for further development of Norway’s largest gas field, Troll. The...
(FTI) FMC Technologies Wins Oil Drilling Subsea Deal
Oil drilling equipment maker FMC Technologies Inc. (FTI) announced a $62 million contract from Norway-based oil and gas company StatoilHydro ASA (
9Mar2010 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Buys Brazil Block Stake From Repsol YPF and Statoil ASA
Petroleo Brasileiro S.A. (PBR) or Petrobras S.A. – the largest integrated energy firm in Brazil and one of the largest in Latin America – bought a 30% stake in an offshore oil block from Repsol...
(STO) Statoil ASA to Spin off Retail Arm
The Board of Directors of Norwegian oil major Statoil ASA (STO) has decided to spin off the group’s energy and retail (E&R) business for creating a new ownership structure. The company said that the...
(FTI) FMC Technologies Wins Statoil Subsea Deal
Oil drilling equipment maker FMC Technologies Inc. (FTI) announced the receipt of a $40 million contract from Norway-based oil and gas company StatoilHydro ASA (
26Jan2010 | vitalstocks | 0 comments | Continued(STO) Statoil ASA Invests in Iraqi West Qurna Phase 2 Oil Field
Statoil ASA (STO), the Norwegian oil major, has decided to invest $1.4 billion in the Iraqi West Qurna Phase 2 oil field over the next four to five years and anticipates booking some reserves from the field.
Located...
(CHK) Chesapeake Energy Corporation Forms Joint Venture with Total S.A.
Chesapeake Energy Corporation (CHK) has joined hands with the world’s fifth largest integrated oil and gas company Total S.A. or Total (TOT)...
(RDSA) Royal Dutch Shell Steps in for Petrobras Stake
Royal Dutch Shell (RDSA) is keen to buy a 15% stake in Krishna Godavari (KG) basin block KG-DWN-98/12 from India’s Oil and Natural Gas Corporation (ONGC). This stake was previously owned by Petrobras...
(STO) Statoil ASA Enters Agreement Raising Stake in Iraqi Oil Field
Norwegian oil major Statoil ASA (STO) has increased its ownership stake in the Iraqi super giant West Qurna Phase 2 oil field by entering into an agreement with Russia’s Lukoil Holdings. Following the...
(STO) Statoil ASA Gaining Impetus at Snorre
Statoil ASA (STO) plans to achieve its goal of stable NCS (Norwegian Continental Shelf) volumes through a combination of active exploration efforts for new reserves and effective field management of existing...
(RIG) Transocean Ltd. Earns Three Year Deal
The world’s largest offshore driller, Transocean Ltd. (RIG), announced the award of a three-year contract for its GSF Celtic Sea moored deepwater semisubmersible rig from an undisclosed customer.
The...
(STO) Statoil ASA – Bull of the Day
Statoil ASA (STO) is gaining momentum with the start-up of operations on several new oil and gas fields. The growing share of natural gas in the company’s NCS (Norwegian Continental Shelf) volume mix...
(TOT) TOTAL S.A. Transfers Oilfield Interest
Recently, TOTAL E&P Russie, a wholly owned subsidiary of TOTAL S.A. (TOT), transferred 10% of its interest in the Kharyaga oil field to state-owned Zarubezhneft of Russia. This new collaboration with Zarubezhneft...
(STO) Statoil ASA Slips, but Volumes up
Statoil ASA (STO) reported its third quarter results of 38 cents per share, compared to the Zacks Consensus Estimate of 40 cents and in line with the year-earlier quarter earnings. Revenue for the quarter...
(CEO) CNOOC Eyes StatoilHydro ASA’s Gulf of Mexico Assets
CNOOC Ltd. (CEO) expects to sign a deal with Norway’s StatoilHydro ASA (STO) soon to buy stakes in some deepwater exploration blocks in the U.S. Gulf of Mexico (GoM).
StatoilHydro is putting five prospects on the market, out of its...
(ENB) Enbridge Signs Gulf of Mexico Pipeline Deal
Calgary-based Enbridge Inc. (ENB) recently announced that it reached an agreement with subsidiaries of U.S. oil major Chevron Corp. (CVX), Norway’s StatoilHydro ASA (STO) and Japan’s Marubeni Corp. to construct and operate...
(BP) America and Europe Join Forces on Natural Gas – Here Are The Companies Set To Profit
by Tony Daltorio, Investment U Research
Is the natural gas market ever going to emerge from the doldrums?
With the global recession still marking its territory across the world, demand has dropped, sending natural gas prices plummeting from last year’s...
(MRO) Marathon Oil Corporation Taps First Oil From Norway’s Volund
Yesterday, Marathon Oil Corp. (MRO) announced the start-up of Norway’s Volund offshore oil project, marking the completion of its second major field development project in that country. This follows the Alvheim ramp-up in June 2008.
Marathon,...
(MWE) MarkWest Energy Partners’ Unit Signs Gas Deals
MarkWest Liberty Midstream & Resources – a majority-owned joint venture of MarkWest Energy Partners L.P. (MWE) – yesterday announced the signing of definitive agreements with subsidiaries of Chesapeake Energy Corp. (CHK) and Statoil...
(HAL) Halliburton Wins Royal Dutch Shell Contract
Halliburton (HAL) has recently received a contract from Royal Dutch Shell (RDSA) for delivering fluid services on one deepwater rig and one tension leg platform in the Gulf of Mexico. The contract includes delivering clay-free, high-performance...
(STO) StatoilHydro ASA Finds New Reserves
Integrated oil and gas major StatoilHydro ASA (STO) recently discovered a new oil and gas location in the Nona prospect, 10 kilometers south east of the Asgard field in the Norwegian Sea.
The well 6407/2-5S was drilled to a depth of 3,289...