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	<title>Stock Blog Hub &#187; StatoilHydro ASA</title>
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		<title>(STO) Statoil ASA Finds Gas Offshore Tanzania</title>
		<link>http://www.stockbloghub.com/2012/02/23/sto-statoil-asa-finds-gas-offshore-tanzania/92143</link>
		<comments>http://www.stockbloghub.com/2012/02/23/sto-statoil-asa-finds-gas-offshore-tanzania/92143#comments</comments>
		<pubDate>Thu, 23 Feb 2012 19:36:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[Cheniere Energy Inc]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=92143</guid>
		<description><![CDATA[Statoil ASA (STO) along with its partner ExxonMobil Corporation (XOM) has found indications of natural gas in the Zafarani-1 well in Block 2 offshore Tanzania. The well, located about 80 kilometers off mainland Tanzania is considered to be of superior quality. Spud in early January, drilling activities of the well are likely to be over within three months. The drillship Ocean Rig Poseidon is being used to drill the well, which is the first exploration in the license spanning approximately 5,500 square kilometers. The well is expected to be 5,150 meters deep while the water depth at the site is 2,582 meters. Statoil, with a 65% working interest, is the operator of the license on Block 2 for Tanzania Petroleum Development Corporation. The remaining 35% is held by ExxonMobil. According ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BP) Three European Oil Firms Strike Angola Deal</title>
		<link>http://www.stockbloghub.com/2011/12/28/bp-three-european-oil-firms-strike-angola-deal/89280</link>
		<comments>http://www.stockbloghub.com/2011/12/28/bp-three-european-oil-firms-strike-angola-deal/89280#comments</comments>
		<pubDate>Wed, 28 Dec 2011 12:27:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=89280</guid>
		<description><![CDATA[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 plc (BP) received access to five more deepwater exploration and production blocks offshore Angola, netting a total of nine blocks. BP and Sonangol also inked production sharing contracts (PSCs) for four new blocks in the Kwanza and Benguela basins. BP, with a 50% interest, will act as the operator for Blocks 19 and 24, while it holds non-operating interests of 20% in Block 20 and 15% in Block 25. Additionally, the company acquired a 40% stake in Block 26 and signed a farm-in deal with the operator, Petrobras (PBR). ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EIA) Shale Gas: A Boon or Bubble?</title>
		<link>http://www.stockbloghub.com/2011/12/09/eia-shale-gas-a-boon-or-bubble/88266</link>
		<comments>http://www.stockbloghub.com/2011/12/09/eia-shale-gas-a-boon-or-bubble/88266#comments</comments>
		<pubDate>Fri, 09 Dec 2011 16:11:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88266</guid>
		<description><![CDATA[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 independence for the country. This unconventional fuel source is expected to transform domestic energy supply in the future decades by providing a potentially inexpensive and abundant new source of fuel for the world’s largest energy consumer. Huge Geographic Potential According to the Annual Energy Outlook 2011 published by the Energy Information Administration (EIA), the U.S. possesses 2,543 trillion cubic feet (Tcf) of potential natural gas resources. Of this, natural gas from shale resources accounts for 862 Tcf. In fact, more ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STO) Statoil Cuts Yield on Storm Alert</title>
		<link>http://www.stockbloghub.com/2011/11/28/sto-statoil-cuts-yield-on-storm-alert/87642</link>
		<comments>http://www.stockbloghub.com/2011/11/28/sto-statoil-cuts-yield-on-storm-alert/87642#comments</comments>
		<pubDate>Mon, 28 Nov 2011 20:37:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87642</guid>
		<description><![CDATA[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, at the same time stressing there has been no evacuation. Apart from these, the other platforms of Statoil, off Norway, will maintain production at normal levels and the company&#8217;s overall output would not be drastically affected. A gale warning has been given by the UK Meteorological Office for all its shipping areas around Scotland and has also cautioned against hurricane force winds at sea, off Scotland&#8217;s Western Isles. As per the BBC weather service, the intense low pressure following the North Sea storm is considered to have an ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EIA) Oil and Gas Stock Outlook &#8211; October 2011 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2011/10/20/eia-oil-and-gas-stock-outlook-october-2011-industry-outlook/85494</link>
		<comments>http://www.stockbloghub.com/2011/10/20/eia-oil-and-gas-stock-outlook-october-2011-industry-outlook/85494#comments</comments>
		<pubDate>Thu, 20 Oct 2011 14:44:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[Cabot Oil & Gas Corporation]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[Canadian Natural Resources Limited]]></category>
		<category><![CDATA[CLB]]></category>
		<category><![CDATA[CNQ]]></category>
		<category><![CDATA[COG]]></category>
		<category><![CDATA[Core Laboratories NV]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[FMC Technologies Inc.]]></category>
		<category><![CDATA[Forest Oil Corporation]]></category>
		<category><![CDATA[FST]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>
		<category><![CDATA[Western Refining Inc.]]></category>
		<category><![CDATA[WNR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85494</guid>
		<description><![CDATA[OUTLOOK Crude Oil Mounting worries about Europe&#8217;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 U.S. crude stocks, the release of emergency oil supplies from government-held strategic reserves into the world market, and uncertainty over oil supply disruptions in the Middle East have added to the negative sentiment. These issues have stoked fears about the demand outlook for oil that has seen the commodity’s price plummet to 12-month lows earlier in the month. Incidentally, crude prices zoomed past the $110 per barrel level during the first half of the year. As per the latest release by the Energy Information Administration (EIA), which provides official energy statistics ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SHI) China Buying its Way to Shale Technology</title>
		<link>http://www.stockbloghub.com/2011/10/17/shi-china-buying-its-way-to-shale-technology/85130</link>
		<comments>http://www.stockbloghub.com/2011/10/17/shi-china-buying-its-way-to-shale-technology/85130#comments</comments>
		<pubDate>Mon, 17 Oct 2011 16:53:59 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Synthetics]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[EEP]]></category>
		<category><![CDATA[Enbridge Energy Partners LP]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SHI]]></category>
		<category><![CDATA[Sinopec Shanghai Petrochemical Company Limited]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[Talisman Energy Inc]]></category>
		<category><![CDATA[TLM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85130</guid>
		<description><![CDATA[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 oil and gas company – and it won’t be the last. According to Bloomberg, Beijing-based Sinopec and CNOOC Ltd. (NYSE: CEO) are “among Chinese companies that have bought almost $30 billion of Canadian assets in the past five years.” This is not only to meet rising energy demands in the world’s fastest-growing major economy, but also to gain access to shale drilling methods. “China has coal bed methane and shale gas resources domestically, so there has been some anticipation in the market that they would want to get ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(CHK) Utica Shale Could Generate 204,500 Jobs</title>
		<link>http://www.stockbloghub.com/2011/09/30/chk-utica-shale-could-generate-204500-jobs/84278</link>
		<comments>http://www.stockbloghub.com/2011/09/30/chk-utica-shale-could-generate-204500-jobs/84278#comments</comments>
		<pubDate>Fri, 30 Sep 2011 16:13:40 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[AK Steel Holding Corporation]]></category>
		<category><![CDATA[AKS]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[BBL]]></category>
		<category><![CDATA[BHP Billiton plc]]></category>
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		<category><![CDATA[Chesapeake Energy Corporation]]></category>
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		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[CNX]]></category>
		<category><![CDATA[CONSOL Energy Inc]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
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		<category><![CDATA[Ev Energy Partners Lp]]></category>
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		<category><![CDATA[Gulfport Energy Corporation]]></category>
		<category><![CDATA[HES]]></category>
		<category><![CDATA[Hess Corporation]]></category>
		<category><![CDATA[Rex Energy Corporation]]></category>
		<category><![CDATA[REXX]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[Timken Company]]></category>
		<category><![CDATA[TKR]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=84278</guid>
		<description><![CDATA[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 could generate 204,500 jobs in just four years and infuse billions into the regional economy. It follows claims by Chesapeake Energy (NYSE: CHK) that the Utica is “analogous” to the Eagle Ford. It also claimed that its holdings in the region could generate up to $20 billion for shareholders – greater than its entire current market cap. “The play reminded us of the Eagle Ford shale, which is distinctive because it’s a three-phase play of dry gas, wet gas and liquids,” Chesapeake CEO Aubrey McClendon said. ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(STO) Statoil ASA to Upgrade Troll Capacity</title>
		<link>http://www.stockbloghub.com/2011/09/20/sto-statoil-asa-to-upgrade-troll-capacity/83617</link>
		<comments>http://www.stockbloghub.com/2011/09/20/sto-statoil-asa-to-upgrade-troll-capacity/83617#comments</comments>
		<pubDate>Tue, 20 Sep 2011 19:47:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83617</guid>
		<description><![CDATA[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, onshore and integrated offshore construction as well as completion of two new pre-compressors on the same field. The deal is the part of Statoil’s NOK 11 billion investment in Troll A platform aimed at ensuring gas production all the way till 2063. Statoil and its Troll associates have decided to extend the production life of the field by installing compressors that will alleviate wellhead pressure and thereby expedite output. Aibel will construct and install the two compressors on the Troll platform with offshore installation commencing in ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BP) BP to Revive North Sea Fields</title>
		<link>http://www.stockbloghub.com/2011/07/15/bp-bp-to-revive-north-sea-fields/79093</link>
		<comments>http://www.stockbloghub.com/2011/07/15/bp-bp-to-revive-north-sea-fields/79093#comments</comments>
		<pubDate>Fri, 15 Jul 2011 13:48:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[HES]]></category>
		<category><![CDATA[Hess Corporation]]></category>
		<category><![CDATA[MUR]]></category>
		<category><![CDATA[Murphy Oil Corporation]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=79093</guid>
		<description><![CDATA[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 in British waters. The two fields –– Schiehallion and Loyal –– are located to the west of the Shetland Islands. The fields have already produced nearly 400 million barrels of oil since the commencement of production in 1998 and are still expected to hold 450 million barrels of resource. The company intends to utilize a major portion of the investment in upgrade and replacement of the subsea facilities, with a view to start production in 2016, in ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) China Petroleum and Chemical Corporation-Henan Win Chinese Blocks</title>
		<link>http://www.stockbloghub.com/2011/07/10/snp-china-petroleum-and-chemical-corporation-henan-win-chinese-blocks/78724</link>
		<comments>http://www.stockbloghub.com/2011/07/10/snp-china-petroleum-and-chemical-corporation-henan-win-chinese-blocks/78724#comments</comments>
		<pubDate>Sun, 10 Jul 2011 18:19:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
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		<category><![CDATA[Chevron Corporation]]></category>
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		<category><![CDATA[CVX]]></category>
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		<category><![CDATA[Newfield Exploration Company]]></category>
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		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
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		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78724</guid>
		<description><![CDATA[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 week, offering four blocks to six Chinese companies for the development of its potentially huge unconventional gas resource. Out of these, two blocks –– Nanchuan and Xiushan –– are near the southwestern city of Chongqing. However, bids for the other two blocks were cancelled as they were very few in number. Sinopec has been selected to explore the Nanchuan block, while Henan Coal Seam Gas has been contracted for the Xiushan block. With an area of 2,198 square kilometers (848 square miles), the Nanchuan block includes the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/10/snp-china-petroleum-and-chemical-corporation-henan-win-chinese-blocks/78724/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA and FMC Technologies in $43M Workover Deal</title>
		<link>http://www.stockbloghub.com/2011/07/08/sto-statoil-asa-and-fmc-technologies-in-43m-workover-deal/78639</link>
		<comments>http://www.stockbloghub.com/2011/07/08/sto-statoil-asa-and-fmc-technologies-in-43m-workover-deal/78639#comments</comments>
		<pubDate>Fri, 08 Jul 2011 21:00:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[FMC Technologies Inc.]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78639</guid>
		<description><![CDATA[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 per the agreement, FMC will manufacture and provide eight workover adapters for horizontal subsea production trees, five adapters for drill pipe landing strings and topside controls. The equipment, which will be manufactured at FMC’s facility in Kongsberg, Norway are scheduled for release from the second quarter of 2012. The workover system would be used by Statoil to carry out intervention activities on its subsea wells to enhance performance and boost oil recovery. The company also plans to bring about additional flexibility and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/08/sto-statoil-asa-and-fmc-technologies-in-43m-workover-deal/78639/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA to Pay $2.47 Billion for New Rigs</title>
		<link>http://www.stockbloghub.com/2011/07/07/sto-statoil-asa-to-pay-2-47-billion-for-new-rigs/78531</link>
		<comments>http://www.stockbloghub.com/2011/07/07/sto-statoil-asa-to-pay-2-47-billion-for-new-rigs/78531#comments</comments>
		<pubDate>Thu, 07 Jul 2011 17:10:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78531</guid>
		<description><![CDATA[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 20 years. With a capability to work in water depths of 100–500 meters, the new rigs can drill to a depth of 8500 meters. These rigs, which are scheduled for delivery in 2014, are 20% more productive than the conventional ones. Statoil contemplated several competitive bids during the procurement process but eventually finalized on Songo. Statoil was in need of a rig capable of working on complex and mature fields. The conceptualization phase took one year and another three years will be taken for ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/07/sto-statoil-asa-to-pay-2-47-billion-for-new-rigs/78531/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil Strikes Oil Near Oseberg</title>
		<link>http://www.stockbloghub.com/2011/06/30/sto-statoil-strikes-oil-near-oseberg/77989</link>
		<comments>http://www.stockbloghub.com/2011/06/30/sto-statoil-strikes-oil-near-oseberg/77989#comments</comments>
		<pubDate>Thu, 30 Jun 2011 21:18:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77989</guid>
		<description><![CDATA[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 calculations show that Krafla West could be holding recoverable reserves between 12.6–37.7 million barrels of oil equivalent (mmboe). The recent discovery, drilled by semi-submersible Ocean Vanguard, comes in the wake of another discovery at the Krafla prospect last month. Both discoveries are estimated to have combined proven reserves of about 50–75 mmboe and may turn out to be highly profitable. This is considered to be a significant figure in a near-field context. In the latest discovery, Statoil is the operator of the licence with a 50% stake. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/30/sto-statoil-strikes-oil-near-oseberg/77989/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PBR) Petrobras and Partners Strike Oil</title>
		<link>http://www.stockbloghub.com/2011/06/29/pbr-petrobras-and-partners-strike-oil/77921</link>
		<comments>http://www.stockbloghub.com/2011/06/29/pbr-petrobras-and-partners-strike-oil/77921#comments</comments>
		<pubDate>Wed, 29 Jun 2011 20:44:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77921</guid>
		<description><![CDATA[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 known as Gavea), Norwegian company  Statoil ASA (STO) holds a 35% stake. The remaining interest is controlled by operator Repsol Sinopec –– a partnership between Spain&#8217;s Repsol-YPF and China’s state controlled  China Petroleum &#38; Chemical Corporation or Sinopec (SNP). Located 120 miles off the coast of Rio de Janeiro state, Gavea was drilled to a water depth of 8,880 feet and reached a final depth of 22,460 feet. The consortium told Brazilian authorities about the presence of hydrocarbons traces in the first level of Gavea well in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/29/pbr-petrobras-and-partners-strike-oil/77921/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA Focuses on Offshore Wind</title>
		<link>http://www.stockbloghub.com/2011/06/29/sto-statoil-asa-focuses-on-offshore-wind/77793</link>
		<comments>http://www.stockbloghub.com/2011/06/29/sto-statoil-asa-focuses-on-offshore-wind/77793#comments</comments>
		<pubDate>Wed, 29 Jun 2011 16:28:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77793</guid>
		<description><![CDATA[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% holding in five energy projects on the central Norwegian coast &#8212; collectively called Sarepta Energi &#8212; to Tronder Energi  Kraft AS. The other contract is for the sale of wind power projects in Finnmark (northern Norway), comprising Arctic Wind AS and the three projects Hamnefjell, Båtsfjordfjellet and Snefjord, to Finnmark Kraft AS. The divestiture would help Statoil to increase its investments in the development of renewable energy, and thereby helping it focus more on offshore activities. Statoil has been progressing consistently in its ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/29/sto-statoil-asa-focuses-on-offshore-wind/77793/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA Awarded Contract for Subsea Compression</title>
		<link>http://www.stockbloghub.com/2011/06/26/sto-statoil-asa-awarded-contract-for-subsea-compression/77461</link>
		<comments>http://www.stockbloghub.com/2011/06/26/sto-statoil-asa-awarded-contract-for-subsea-compression/77461#comments</comments>
		<pubDate>Sun, 26 Jun 2011 17:23:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77461</guid>
		<description><![CDATA[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, construction and installation contract. Modification work mainly involves the supply of electricity to the Asgard subsea compressor units, slated for installation in 2013. Per the contract terms, Aker will construct and install an 800 ton new module and carry out assimilation work in the region. Aker will initiate design and procurement work immediately, while fabrication work will commence in October 2011. Delivery is scheduled for the last quarter of 2014. The Asgard field is one of the major field developments along the Norwegian Continental Shelf (NCS) ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/26/sto-statoil-asa-awarded-contract-for-subsea-compression/77461/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil Sets Long-Term Goals</title>
		<link>http://www.stockbloghub.com/2011/06/21/sto-statoil-sets-long-term-goals/76991</link>
		<comments>http://www.stockbloghub.com/2011/06/21/sto-statoil-sets-long-term-goals/76991#comments</comments>
		<pubDate>Wed, 22 Jun 2011 00:27:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76991</guid>
		<description><![CDATA[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 rate (CAGR) of 3% and is likely to remain unchanged over the next decade. The company expects growth in three phases. The first phase (2010–2012) will yield at a CAGR of 3%, the second (2012–2016) between 2% and 3% and the third between 3% and 4%. For 2011, Statoil reiterated its production guidance of 1.9 million barrels of oil equivalent per day (boed), which is the same as what it produced last year. However, management said that the year’s output could even see a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/21/sto-statoil-sets-long-term-goals/76991/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA to Use Subsea Compression</title>
		<link>http://www.stockbloghub.com/2011/06/21/sto-statoil-asa-to-use-subsea-compression/76839</link>
		<comments>http://www.stockbloghub.com/2011/06/21/sto-statoil-asa-to-use-subsea-compression/76839#comments</comments>
		<pubDate>Tue, 21 Jun 2011 18:59:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76839</guid>
		<description><![CDATA[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 &#8212; an advanced process for production enhancement &#8212; at the Gullfaks field, offshore Norway. Since 2008, Statoil and Framo Engineering have been working on technology upgrade for compressing wet gas on the seabed. Such compression also steps up production in a mature field that suffers from a decrease in natural pressure in a reservoir. Now, Statoil has decided to take the compressing concept a step forward in the Gullfaks South subsea field. The company said that the new technology will substantially boost production volume. It would consequently lift the recovery rate for the reserves by three billion cubic meters of gas, implying a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/21/sto-statoil-asa-to-use-subsea-compression/76839/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA Reaches Leismer Milestone</title>
		<link>http://www.stockbloghub.com/2011/06/19/sto-statoil-asa-reaches-leismer-milestone/76725</link>
		<comments>http://www.stockbloghub.com/2011/06/19/sto-statoil-asa-reaches-leismer-milestone/76725#comments</comments>
		<pubDate>Sun, 19 Jun 2011 17:24:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[KKD]]></category>
		<category><![CDATA[Krispy Kreme Doughnuts Inc.]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76725</guid>
		<description><![CDATA[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 different stages. In 2007, Statoil entered Kai Kos Dehseh (KKD) through the acquisition of North American Oil Sands Corporation, which involves four leases –– Corner, Hangingstone, Thornberry and Leismer. The company also enjoys the operatorship of KKD leases in the Athabasca region with 60% interest in the project, while its co-partner PTT Exploration and Production of Thailand holds a 40% stake. Leismer, representing the first phase of the KKD steam assisted gravity drainage (SAGD) project, received its first oil in January and is expected to reach its highest capacity ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/19/sto-statoil-asa-reaches-leismer-milestone/76725/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(CVX) Chevron Wins Bulgarian Approval for Shale Gas Exploration</title>
		<link>http://www.stockbloghub.com/2011/06/17/cvx-chevron-wins-bulgarian-approval-for-shale-gas-exploration/76630</link>
		<comments>http://www.stockbloghub.com/2011/06/17/cvx-chevron-wins-bulgarian-approval-for-shale-gas-exploration/76630#comments</comments>
		<pubDate>Fri, 17 Jun 2011 14:46:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76630</guid>
		<description><![CDATA[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 – as per initial estimates – is expected to have the potential reserves between 300 billion and 1 trillion cubic meters of shale gas. Last month, the U.S. oil giant won a tender offer to explore and consequently develop the 4,398-square-kilometer (1,698-square-mile) Novi pazar field. Chevron also has plans for a five-year project worth 50 million euros ($72 million) as well as an environment protection venture in which it will invest 4 million euros ($5.8 million). Bulgaria requires nearly 4 billion cubic meters of gas a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/17/cvx-chevron-wins-bulgarian-approval-for-shale-gas-exploration/76630/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA to Offload Gassled Stake</title>
		<link>http://www.stockbloghub.com/2011/06/15/sto-statoil-asa-to-offload-gassled-stake/75755</link>
		<comments>http://www.stockbloghub.com/2011/06/15/sto-statoil-asa-to-offload-gassled-stake/75755#comments</comments>
		<pubDate>Wed, 15 Jun 2011 17:00:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
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		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=75755</guid>
		<description><![CDATA[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 as the Ministry of Finance. Under the agreement, the Norwegian oil company intends to sell 24.1% of its share in the European natural gas transport venture Gassled. The stake has been sold to a holding company, Solveig Gas Norway AS, which is held 45% by Canada Pension Plan Investment Board, 30% by Allianz Capital Partners, a subsidiary of Allianz SE and 25% by Infinity Investments SA, a unit of the Abu Dhabi Investment Authority sovereign-wealth fund. Statoil will retain its 5% stake in ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(FTI) FMC Technologies Wins HMDC Contract</title>
		<link>http://www.stockbloghub.com/2011/04/27/fti-fmc-technologies-wins-hmdc-contract/72504</link>
		<comments>http://www.stockbloghub.com/2011/04/27/fti-fmc-technologies-wins-hmdc-contract/72504#comments</comments>
		<pubDate>Wed, 27 Apr 2011 17:42:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[FMC Technologies Inc.]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[MUR]]></category>
		<category><![CDATA[Murphy Oil Corporation]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[SU]]></category>
		<category><![CDATA[Suncor Energy Inc]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=72504</guid>
		<description><![CDATA[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 the provision to supply up to six subsea injection trees and wellheads, one manifold and associated control systems to the Hibernia Southern Extension Project. FMC will manufacture all the equipment at its plants in St. John&#8217;s and Houston, with deliveries slated for the second quarter of 2013. The project forms an expansion of the Hibernia field that is situated on the Grand Banks, about 200 miles southeast of St. John&#8217;s, Newfoundland and Labrador. The field is estimated to reserve approximately 1.395 billion barrels of oil. The major shareholder of ]]></description>
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		<title>(STO) Statoil ASA and BP in Algeria&#8217;s In Salah Southern Fields Gas Project</title>
		<link>http://www.stockbloghub.com/2011/04/13/sto-statoil-asa-and-bp-in-algerias-in-salah-southern-fields-gas-project/71478</link>
		<comments>http://www.stockbloghub.com/2011/04/13/sto-statoil-asa-and-bp-in-algerias-in-salah-southern-fields-gas-project/71478#comments</comments>
		<pubDate>Thu, 14 Apr 2011 02:30:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71478</guid>
		<description><![CDATA[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&#8217;s In Salah Southern Fields gas project. Per the agreement, Petrofac is entitled to provide engineering, procurement and construction (“EPC”) services for the In Salah Southern Fields development project. Additionally, Petrofac is expected to construct facilities, which involve well pads, manifolds, flowlines as well as a new central processing facility with a daily processing capacity of 17 million cubic meters of gas. The deal is a part of the two-phase development program at the In Salah license following diminishing gas production from three gas fields (Krechba, Teg and Reg). The first phase comprised the development of those gas fields, which ]]></description>
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		<title>(BP) What Crude Oil Investors Need to Know Anout the Libya Crisis</title>
		<link>http://www.stockbloghub.com/2011/02/23/bp-what-crude-oil-investors-need-to-know-anout-the-libya-crisis/67435</link>
		<comments>http://www.stockbloghub.com/2011/02/23/bp-what-crude-oil-investors-need-to-know-anout-the-libya-crisis/67435#comments</comments>
		<pubDate>Wed, 23 Feb 2011 23:35:46 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Kinder Morgan Energy Partners LP]]></category>
		<category><![CDATA[KMP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[SU]]></category>
		<category><![CDATA[Suncor Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67435</guid>
		<description><![CDATA[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 the unrest? Well, tensions have simmered for years – and the youth of these countries has had enough. For example… 34% of young Algerians are unemployed. 36% of new graduates in Bahrain are jobless. 51% of young people in Libya are looking for something to do. In Yemen, an incredible 64% of the youth have no job prospects. That’s in addition to dwindling resources, especially water. Ominously with Libya, though, Muammar al-Gaddafi’s son, Saif al-Islam Gaddafi, said last weekend that, “Rivers of blood will flow. There will be ]]></description>
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		<title>(EOG) How to Profit From the New Oil Boom in Texas</title>
		<link>http://www.stockbloghub.com/2011/02/06/eog-how-to-profit-from-the-new-oil-boom-in-texas/66386</link>
		<comments>http://www.stockbloghub.com/2011/02/06/eog-how-to-profit-from-the-new-oil-boom-in-texas/66386#comments</comments>
		<pubDate>Sun, 06 Feb 2011 21:58:13 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Pioneer Natural Resources Company]]></category>
		<category><![CDATA[PXD]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[Talisman Energy Inc]]></category>
		<category><![CDATA[TLM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=66386</guid>
		<description><![CDATA[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 gold since then is legendary. And today, there’s a brand new oil boom in Texas. Located just outside Dallas, Texas, the massive Eagle Ford oil and gas shale formation is roughly 20,000 square miles in size. It stretches some 400 miles long and 50 miles wide, from the Mexican border through San Antonio and up into East Texas. It’s believed to hold one of the largest oil and gas deposits in America, with a depth between 4,000 feet and 12,000 feet. And you’d better ]]></description>
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		<title>(PBR) Petrobras Brasileiro Scores Light Oil in Espirito Santo</title>
		<link>http://www.stockbloghub.com/2010/12/25/pbr-petrobras-brasileiro-scores-light-oil-in-espirito-santo/63514</link>
		<comments>http://www.stockbloghub.com/2010/12/25/pbr-petrobras-brasileiro-scores-light-oil-in-espirito-santo/63514#comments</comments>
		<pubDate>Sun, 26 Dec 2010 03:42:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=63514</guid>
		<description><![CDATA[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 activity in the prolific basin. Drilled to a total depth of 6,988 feet (2,130 meters), the 1-BRSA-882-ESS well, informally known as Indra, is located about 87 miles (140 kilometers) off the city of Vitória in the Espírito Santo state. Petrobras has a 60% operating interest in block BM-ES-32 (where the discovery was made), with the other partner being Norway’s StatoilHydro ASA (STO). As per initial analysis, both oil and reservoir quality is good though additional studies will be required to evaluate volumes, extent and productivity of ]]></description>
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		<title>(CEO) Profit As China Invests in Argentina</title>
		<link>http://www.stockbloghub.com/2010/12/20/ceo-profit-as-china-invests-in-argentina/62821</link>
		<comments>http://www.stockbloghub.com/2010/12/20/ceo-profit-as-china-invests-in-argentina/62821#comments</comments>
		<pubDate>Mon, 20 Dec 2010 20:25:26 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[Cresud Inc]]></category>
		<category><![CDATA[CRESY]]></category>
		<category><![CDATA[Occidental Petroleum Corporation]]></category>
		<category><![CDATA[OXY]]></category>
		<category><![CDATA[REP]]></category>
		<category><![CDATA[Repsol YPF SA]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[Tenaris SA]]></category>
		<category><![CDATA[Ternium S.A.]]></category>
		<category><![CDATA[TS]]></category>
		<category><![CDATA[TX]]></category>
		<category><![CDATA[YPF]]></category>
		<category><![CDATA[YPF S.A.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=62821</guid>
		<description><![CDATA[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 energy deals alone Incorporatedluding: CNOOC ADR (NYSE: CEO), which paid $3.1 billion for a 50% stake in Argentina’s Bridas Energy in March. Sinochem Group, which paid $3 billion to Statoil ADR (NYSE: STO) for 40% of its Brazilian offshore field, Peregrino, in May. Sinopec ADR (NYSE: SNP), which made a $7.1 billion investment into the Brazilian subsidiary of Repsol YPF ADR (NYSE: REP) in October. CNOOC – again – which agreed to pay $7.06 billion for a 60% stake in Argentina’s Pan American Energy in November. Now, in ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PTR) New Kids on the Oil Block are China’s Oil Companies</title>
		<link>http://www.stockbloghub.com/2010/11/12/ptr-new-kids-on-the-oil-block-are-china%e2%80%99s-oil-companies/58793</link>
		<comments>http://www.stockbloghub.com/2010/11/12/ptr-new-kids-on-the-oil-block-are-china%e2%80%99s-oil-companies/58793#comments</comments>
		<pubDate>Fri, 12 Nov 2010 19:45:37 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[REP]]></category>
		<category><![CDATA[Repsol YPF SA]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=58793</guid>
		<description><![CDATA[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 companies have gone into overdrive in expanding. According to energy consultancy Wood Mackenzie, Chinese companies have spent $24.6 billion on overseas oil and gas acquisitions so far this year, with $11.4 billion into Brazil’s offshore oil fields alone. Altogether, they make up a fifth of the larger industry’s deal making in 2010. Yet less than two years ago, China’s national oil companies accounted for a mere 4% of mergers and acquisitions in the sector. Clearly, much has changed since then. Luke Parker, manager of Wood Mackenzie’s merger &#38; ]]></description>
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		<title>(CEO) CNOOC Bests Exxon Bid for Jubilee Field</title>
		<link>http://www.stockbloghub.com/2010/10/25/ceo-cnooc-bests-exxon-bid-for-jubilee-field/56394</link>
		<comments>http://www.stockbloghub.com/2010/10/25/ceo-cnooc-bests-exxon-bid-for-jubilee-field/56394#comments</comments>
		<pubDate>Tue, 26 Oct 2010 04:50:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=56394</guid>
		<description><![CDATA[China&#8217;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 of the bid was $5 billion, which topped a failed bid of more than $4 billion from ExxonMobil Corp. (XOM). Exxon’s bid includes a coveted 23.49% stake in the Jubilee field, which holds an approximately 1.8 billion barrels of crude oil. State-owned Ghana National is also in talks with Norway’s largest oil company, Statoil ASA (STO), to become the third partner in the Kosmos bid. The concerned companies have declined to comment on this news, which came just two weeks after CNOOC agreed to pay $2.16 billion for a ]]></description>
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		<title>(CVX) Chevron Plans $7.5 Billion Gulf of Mexico Drilling Investment</title>
		<link>http://www.stockbloghub.com/2010/10/23/cvx-chevron-plans-7-5-billion-gulf-of-mexico-drilling-investment/56324</link>
		<comments>http://www.stockbloghub.com/2010/10/23/cvx-chevron-plans-7-5-billion-gulf-of-mexico-drilling-investment/56324#comments</comments>
		<pubDate>Sat, 23 Oct 2010 15:58:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=56324</guid>
		<description><![CDATA[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 to develop two large fields – Jack and St. Malo, located within 25 miles of each other, approximately 280 miles southwest of New Orleans in water depths of 7,000 feet. Chevron’s decision to go ahead with the offshore drilling complex, the largest investment in the GoM since British giant BP plc’s (BP) oil rig disaster in April, underscores the importance of the region to western oil companies. The Jack/St. Malo fields (estimated to contain a total of 500 million recoverable oil equivalent barrels) are situated in the Lower Tertiary ]]></description>
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		<title>(STO) Statoil ASA and Talisman Energy Form Joint Venture in South Texas</title>
		<link>http://www.stockbloghub.com/2010/10/11/sto-statoil-asa-and-talisman-energy-form-joint-venture-in-south-texas/54757</link>
		<comments>http://www.stockbloghub.com/2010/10/11/sto-statoil-asa-and-talisman-energy-form-joint-venture-in-south-texas/54757#comments</comments>
		<pubDate>Tue, 12 Oct 2010 05:03:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[Talisman Energy Inc]]></category>
		<category><![CDATA[TLM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=54757</guid>
		<description><![CDATA[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 leading U.S.natural gas producer Chesapeake Energy Corporation (CHK) and Chinese offshore major CNOOC Ltd. (CEO). Under this agreement, Chesapeake sold its one-third undivided interest in the Eagle Ford Shale to CNOOC for $2.16 billion. The Statoil-Talisman deal is to acquire 97,000 net acres of Eagle Ford Shale properties from Enduring Resources for a total consideration of $1.325 billion. Talisman will act as the initial operator. The net cost to Talisman for this new acreage will be approximately $485 million, after Statoil purchases a ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(MWE) MarkWest Starts Majorsville Project</title>
		<link>http://www.stockbloghub.com/2010/10/03/mwe-markwest-starts-majorsville-project/52882</link>
		<comments>http://www.stockbloghub.com/2010/10/03/mwe-markwest-starts-majorsville-project/52882#comments</comments>
		<pubDate>Mon, 04 Oct 2010 05:27:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CNX]]></category>
		<category><![CDATA[CONSOL Energy Inc]]></category>
		<category><![CDATA[Markwest Energy Partners Lp]]></category>
		<category><![CDATA[MWE]]></category>
		<category><![CDATA[Range Resources Corporation]]></category>
		<category><![CDATA[RRC]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52882</guid>
		<description><![CDATA[MarkWest Liberty Midstream &#38; 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 &#38; Resources is a joint venture of MarkWest Energy Partners L.P. (MWE) and The Energy &#38; Minerals Group, while NiSource Midstream Services is a unit of NiSource Gas Transmission &#38; Storage (“NGT&#38;S”). First of its type, Majorsville complex is an integrated gathering and processing system aimed to increase Marcellus production in northern West Virginia. MarkWest Liberty and its partner have joined hands to mutually develop natural gas gathering, processing and transmission projects in this complex. The gathering and processing facilities of the project are already under contract and will serve various producers Incorporatedluding subsidiaries of Chesapeake Energy Corporation (CHK), CONSOL Energy ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(SNP) Sinopec, CNOOC Step up for Brazilian Oil and Gas Companies Bid</title>
		<link>http://www.stockbloghub.com/2010/09/14/snp-sinopec-cnooc-step-up-for-brazilian-oil-and-gas-companies-bid/51377</link>
		<comments>http://www.stockbloghub.com/2010/09/14/snp-sinopec-cnooc-step-up-for-brazilian-oil-and-gas-companies-bid/51377#comments</comments>
		<pubDate>Tue, 14 Sep 2010 13:21:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=51377</guid>
		<description><![CDATA[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 Ltd. (CEO)  were likely to launch a joint bid for this $7 billion deal, as per news published in Reuters. After a series of hydrocarbon finds in recent months, OGX, a part of Brazil’s EBX industrial conglomerate, is now conducting exploration activity in 29 blocks in Brazil and is mostly focused on shallow water exploration. Apart from the above mentioned Chinese companies, other potential bidders include Chevron Corp. (CVX), Statoil ASA (STO) and ExxonMobil Corp. (XOM). The OGX deal is another potential step toward the country’s international expansion. China has become the biggest foreign direct investor in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/14/snp-sinopec-cnooc-step-up-for-brazilian-oil-and-gas-companies-bid/51377/feed</wfw:commentRss>
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		<title>(BP) BP Acquires Devon Energy Assets for $2 Billion</title>
		<link>http://www.stockbloghub.com/2010/08/18/bp-bp-acquires-devon-energy-assets-for-2-billion/48229</link>
		<comments>http://www.stockbloghub.com/2010/08/18/bp-bp-acquires-devon-energy-assets-for-2-billion/48229#comments</comments>
		<pubDate>Wed, 18 Aug 2010 18:44:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[HES]]></category>
		<category><![CDATA[Hess Corporation]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=48229</guid>
		<description><![CDATA[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 gas company Devon Energy (DVN) for $2 billion. This is part of the deal that BP announced in last March. Under the terms of the agreement, BP had announced that it will pay $7 billion in cash for Devon Energy&#8217;s assets in Brazil, Azerbaijan and the U.S. deepwater Gulf of Mexico (GoM). In addition, BP had also announced that it would dispose its 50% stake in Kirby oil sands interests in Alberta, Canada to Devon for $500 million. Since the completion of BP’s acquisition in the GoM and the sale of its 50% stake in Kirby oil sands, the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/18/bp-bp-acquires-devon-energy-assets-for-2-billion/48229/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(CHK) Chesapeake Energy’s Future is So Bright</title>
		<link>http://www.stockbloghub.com/2010/05/24/chk-the-future%e2%80%99s-so-bright-chesapeake-energy%e2%80%99s-gotta-wear-shades%e2%80%a6/38106</link>
		<comments>http://www.stockbloghub.com/2010/05/24/chk-the-future%e2%80%99s-so-bright-chesapeake-energy%e2%80%99s-gotta-wear-shades%e2%80%a6/38106#comments</comments>
		<pubDate>Mon, 24 May 2010 21:01:23 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SHI]]></category>
		<category><![CDATA[Sinopec Shanghai Petrochemical Company Limited]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=38106</guid>
		<description><![CDATA[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 natural gas production from shale rock. Recently, it’s made a number of deals with foreign investors, mostly European energy companies. But it did just come to terms with two of Asia’s most active investment funds. They intend to spend $1 billion for a stake in Chesapeake. Temasek, a Singapore sovereign investment fund, has apparently agreed to buy $600 million of convertible preferred stock. And Beijing-based Hopu Investment Management has signed on for another $100 million. In addition, Temasek has a 30-day option to acquire another $500 million worth of shares. Chances are that it will, along with other Asian businesses such as Seatown, Temasek’s sister ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/24/chk-the-future%e2%80%99s-so-bright-chesapeake-energy%e2%80%99s-gotta-wear-shades%e2%80%a6/38106/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(STO) Statoil ASA Hires New Rig for Norwegian Continental Shelf</title>
		<link>http://www.stockbloghub.com/2010/04/18/sto-statoil-asa-hires-new-rig-for-norwegian-continental-shelf/34110</link>
		<comments>http://www.stockbloghub.com/2010/04/18/sto-statoil-asa-hires-new-rig-for-norwegian-continental-shelf/34110#comments</comments>
		<pubDate>Mon, 19 Apr 2010 02:52:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=34110</guid>
		<description><![CDATA[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 (NCS). The value of this contract is $650 million. Currently under construction in Singapore, this jack-up ? Gusto MSC CJ70 150A ? is expected to start operating in the third quarter of 2011. This is the third consecutive contract with Seadrill in the last four weeks, bringing the total value to approximately $1.8 billion. Importantly, all three contracts are for the development of NCS. Statoil is increasingly shifting its focus to the still unexplored areas of the Norwegian Sea. These will enhance the company’s volume growth prospects going forward. Though the company has operations in all major hydrocarbon-producing regions ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/18/sto-statoil-asa-hires-new-rig-for-norwegian-continental-shelf/34110/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FTI) FMC Technologies Analysts Maintain Neutral Rating</title>
		<link>http://www.stockbloghub.com/2010/03/27/fti-fmc-technologies-analysts-maintain-neutral-rating/31699</link>
		<comments>http://www.stockbloghub.com/2010/03/27/fti-fmc-technologies-analysts-maintain-neutral-rating/31699#comments</comments>
		<pubDate>Sat, 27 Mar 2010 21:07:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31699</guid>
		<description><![CDATA[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 proprietary technological expertise. A strong presence in the subsea systems market, growing international operations and the still-favorable outlook for the deepwater offshore markets are other positives in the FMC Technologies story. To date, FMC Technologies has remained relatively unscathed from the current economic downturn, as most of the company’s work contracts are with industry giants like Petroleo Brasileiro S.A. (PBR), StatoilHydro ASA (STO), and Total SA (TOT). The oil drilling equipment maker also maintains a healthy backlog that offers long-term earnings and cash flow visibility. Additionally, we believe order flow and backlog for subsea products and services will continue to be healthy ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/27/fti-fmc-technologies-analysts-maintain-neutral-rating/31699/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(CHK) Chesapeake Energy Corporation Sees More Joint Ventures Ahead</title>
		<link>http://www.stockbloghub.com/2010/03/25/chk-chesapeake-energy-corporation-sees-more-joint-ventures-ahead/31548</link>
		<comments>http://www.stockbloghub.com/2010/03/25/chk-chesapeake-energy-corporation-sees-more-joint-ventures-ahead/31548#comments</comments>
		<pubDate>Thu, 25 Mar 2010 19:32:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31548</guid>
		<description><![CDATA[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 to significant holdings in several other fields, Chesapeake has the rights to drill nearly 3 million acres in four of the most prolific shale gas fields Haynesville, Marcellus, Barnett and Fayetteville. Since the last few years, the company has been expanding its asset base by aggressively buying properties in these shale gas plays. It has also made several joint ventures with large oil integrated companies. Chesapeake’s latest joint venture was finalized in January with Total (TOT) for the development of Barnett Shale assets. Total acquired a 25% interest for $2.25 billion in Chesapeake’s upstream assets in this area. This was Chesapeake’s fourth ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/25/chk-chesapeake-energy-corporation-sees-more-joint-ventures-ahead/31548/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA Wades Further into US Gulf of Mexico</title>
		<link>http://www.stockbloghub.com/2010/03/18/sto-statoil-asa-wades-further-into-us-gulf-of-mexico/31094</link>
		<comments>http://www.stockbloghub.com/2010/03/18/sto-statoil-asa-wades-further-into-us-gulf-of-mexico/31094#comments</comments>
		<pubDate>Thu, 18 Mar 2010 18:03:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[MAXIMUS Inc.]]></category>
		<category><![CDATA[MMS]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31094</guid>
		<description><![CDATA[Norwegian oil major Statoil ASA (STO) yesterday said that the company was the highest bidder on 21 tracts released in Minerals Management Service&#8217;s (MMS) US Gulf of Mexico (GoM) central area lease sale. Statoil&#8217;s winning bid is, however, subject to review and final approval by MMS. Statoil aims to acquire new acreages in areas where the company already has promising exploration leads. The lease sales are important events for the company to consolidate its assets portfolio. Production growth from international operations is a key component of the company’s overall annual upstream growth plans over the next few years. The company has a growing upstream presence in the emerging basins of the Caspian Sea, West Africa and the deepwaters of the U.S. GoM. In the past, Statoil had purchased EnCana’s (ECA) ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(STO) Statoil ASA Invests for More Oil</title>
		<link>http://www.stockbloghub.com/2010/03/17/sto-statoil-asa-invests-for-more-oil/30943</link>
		<comments>http://www.stockbloghub.com/2010/03/17/sto-statoil-asa-invests-for-more-oil/30943#comments</comments>
		<pubDate>Wed, 17 Mar 2010 21:39:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30943</guid>
		<description><![CDATA[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&#8217;s largest gas field, Troll. The development includes more wells and pipelines. The company also said that the main purpose of this investment is to increase oil production from this field. Management is targeting an oil recovery rate of 50% by 2020 from the current 39%. Troll is a natural gas and oil field in the Norwegian sector of the North Sea. Though this is primarily a natural gas field, it also possesses significant quantities of oil. Statoil is the operator of the block and holds a 30.6% interest. Other partners are Norway&#8217;s state-owned Petoro (with a 56% interest), Royal Dutch Shell ((RDSA), 8.1%), France&#8217;s ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/17/sto-statoil-asa-invests-for-more-oil/30943/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(FTI) FMC Technologies Wins Oil Drilling Subsea Deal</title>
		<link>http://www.stockbloghub.com/2010/03/09/fti-fmc-technologies-wins-oil-drilling-subsea-deal/30176</link>
		<comments>http://www.stockbloghub.com/2010/03/09/fti-fmc-technologies-wins-oil-drilling-subsea-deal/30176#comments</comments>
		<pubDate>Tue, 09 Mar 2010 23:03:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30176</guid>
		<description><![CDATA[Oil drilling equipment maker FMC Technologies Inc. (FTI) announced a $62 million contract from Norway-based oil and gas company StatoilHydro ASA (STO). The deal calls for FMC Technologies to manufacture and provide subsea production systems to the Marulk field, located in the Norwegian Sea. Italian giant Eni SpA (E) is the operator of Marulk with a 20% share, while Statoil and Danish player Dong have 50% and 30% interest in the development, respectively. FMC Technologies said that the contract includes the manufacture of two subsea trees, one manifold, one template, subsea control modules and associated topside controls and connection equipment. The company expects delivery to begin in the second quarter of 2011. The order is part of FMC Technologies&#8217; strong and longstanding relationship with Statoil and Eni, and will be ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/09/fti-fmc-technologies-wins-oil-drilling-subsea-deal/30176/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PBR) Petroleo Brasileiro S.A. Buys Brazil Block Stake From Repsol YPF and Statoil ASA</title>
		<link>http://www.stockbloghub.com/2010/03/05/pbr-petroleo-brasileiro-s-a-buys-brazil-block-stake-from-repsol-ypf-and-statoil-asa/29866</link>
		<comments>http://www.stockbloghub.com/2010/03/05/pbr-petroleo-brasileiro-s-a-buys-brazil-block-stake-from-repsol-ypf-and-statoil-asa/29866#comments</comments>
		<pubDate>Fri, 05 Mar 2010 19:04:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[REP]]></category>
		<category><![CDATA[Repsol YPF SA]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29866</guid>
		<description><![CDATA[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 YPF (REP) and Statoil ASA (STO), Brazil’s oil regulator said. The offshore block, known as BM-C-33 block, is located in the Campos Basin off the Brazilian coast. Repsol and Statoil each hold a 50% interest in the block. The companies have each agreed to sell a 15% stake to Petrobras. Additionally, Petrobras also agreed to purchase a 20% stake in the BM-S-51 block from Repsol. We continue to have a positive medium- to long-term outlook on Petrobras for its encouraging portfolio of investments, particularly in Brazil’s so-called “pre-salt reservoirs&#8221; that lie below the Espírito Santo, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/05/pbr-petroleo-brasileiro-s-a-buys-brazil-block-stake-from-repsol-ypf-and-statoil-asa/29866/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(STO) Statoil ASA to Spin off Retail Arm</title>
		<link>http://www.stockbloghub.com/2010/02/04/sto-statoil-asa-to-spin-off-retail-arm/27002</link>
		<comments>http://www.stockbloghub.com/2010/02/04/sto-statoil-asa-to-spin-off-retail-arm/27002#comments</comments>
		<pubDate>Thu, 04 Feb 2010 21:16:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27002</guid>
		<description><![CDATA[The Board of Directors of Norwegian oil major Statoil ASA (STO) has decided to spin off the group’s energy and retail (E&#38;R) business for creating a new ownership structure. The company said that the step will strengthen this business with the new company’s direct access to the capital markets. Statoil hopes the listing of the new company on the stock exchange to be in the fourth quarter this year. The E&#38;R business includes 2,300 service stations in eight countries, besides units that supply lubricants, aviation and marine fuels. Statoil said it will initially be the major owner of the new company and afterwards, the ownership position will be gradually evaluated as per the company’s development needs. While Statoil holds nearly one-fourth market share in the Scandinavian service station sector, net ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/04/sto-statoil-asa-to-spin-off-retail-arm/27002/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FTI) FMC Technologies Wins Statoil Subsea Deal</title>
		<link>http://www.stockbloghub.com/2010/01/26/fti-fmc-technologies-wins-statoil-subsea-deal/26059</link>
		<comments>http://www.stockbloghub.com/2010/01/26/fti-fmc-technologies-wins-statoil-subsea-deal/26059#comments</comments>
		<pubDate>Tue, 26 Jan 2010 22:53:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26059</guid>
		<description><![CDATA[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 (STO). The deal calls for FMC Technologies to design and provide subsea production systems to Statoil-operated Snorre field in the North Sea. FMC Technologies said that the contract includes 10 production risers, tieback connectors and installation tools. The company expects delivery to begin in 2011 and continue through mid-2013. The order is part of FMC Technologies’ strong and longstanding relationship with Statoil and will be supported by its engineering and manufacturing facilities at Houston, Texas and Kongsberg, Norway. The Snorre field has been in production since 1992 and the existing field consent runs through 2017. However, Statoil recently announced a modification program on the field, which ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(STO) Statoil ASA Invests in Iraqi West Qurna Phase 2 Oil Field</title>
		<link>http://www.stockbloghub.com/2010/01/11/sto-statoil-asa-invests-in-iraqi-west-qurna-phase-2-oil-field/24650</link>
		<comments>http://www.stockbloghub.com/2010/01/11/sto-statoil-asa-invests-in-iraqi-west-qurna-phase-2-oil-field/24650#comments</comments>
		<pubDate>Mon, 11 Jan 2010 22:50:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24650</guid>
		<description><![CDATA[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 in the Basra Governorate, Iraq, the huge West Qurna Phase 2 oil field holds approximately 12.8 billion barrels of proven crude oil reserves. Statoil and its Russian partner Lukoil owns 25% and 75%, respectively, in this oil field. While Lukoil intends investments worth billions of dollars, Statoil would invest $1.4 billion over the first four to five years to increase its production quickly. During the second week of December 2009, the two companies won the bid for this field and agreed on a production plateau of 1.8 million barrels per day and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/11/sto-statoil-asa-invests-in-iraqi-west-qurna-phase-2-oil-field/24650/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(CHK) Chesapeake Energy Corporation Forms Joint Venture with Total S.A.</title>
		<link>http://www.stockbloghub.com/2010/01/05/chk-chesapeake-energy-corporation-forms-joint-venture-with-total-s-a/24185</link>
		<comments>http://www.stockbloghub.com/2010/01/05/chk-chesapeake-energy-corporation-forms-joint-venture-with-total-s-a/24185#comments</comments>
		<pubDate>Tue, 05 Jan 2010 22:39:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24185</guid>
		<description><![CDATA[Chesapeake Energy Corporation (CHK) has joined hands with the world’s fifth largest integrated oil and gas company Total S.A. or Total (TOT) for the development of Barnett Shale assets by creating a joint venture. Total will acquire a 25% interest in Chesapeake’s upstream Barnett Shale assets. In consideration, Total will pay $800 million in cash at closing, which is anticipated by the end of this month and subject to regulatory approval. Total will pay an additional $1.45 billion by funding 60% of Chesapeake&#8217;s share of drilling and completion expenditures until the entire obligation has been exhausted, which Chesapeake expects will occur by year-end 2012. This is Chesapeake’s fourth joint venture transaction in the Big 4 shale plays of Barnett Shale, Marcellus Shale, Haynesville Shale and Fayetteville Shale. The other partners include ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/05/chk-chesapeake-energy-corporation-forms-joint-venture-with-total-s-a/24185/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(RDSA) Royal Dutch Shell Steps in for Petrobras Stake</title>
		<link>http://www.stockbloghub.com/2010/01/05/rdsa-royal-dutch-shell-steps-in-for-petrobras-stake/24134</link>
		<comments>http://www.stockbloghub.com/2010/01/05/rdsa-royal-dutch-shell-steps-in-for-petrobras-stake/24134#comments</comments>
		<pubDate>Tue, 05 Jan 2010 18:21:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24134</guid>
		<description><![CDATA[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 (PBR), Brazil’s state-controlled oil firm. Petrobras has decided to offload this stake to the ONGC for concentrating on upstream activity in its home country, Brazil. ONGC has made 10 gas discoveries Incorporatedluding the ultra deep-sea UD-1 find in the KG block where Hydro Oil and Energy India BV &#8212; a unit of Norway’s Statoil ASA (STO) &#8212; and Cairn India hold 10% apiece. The discoveries are estimated to hold anywhere between 5 and 15 trillion cubic feet (Tcf) of reserves. Petrobras had an option to raise its stake to 30% in the KG-DWN-98/12 block where UD-1 alone ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/05/rdsa-royal-dutch-shell-steps-in-for-petrobras-stake/24134/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(STO) Statoil ASA Enters Agreement Raising Stake in Iraqi Oil Field</title>
		<link>http://www.stockbloghub.com/2009/12/30/sto-statoil-asa-enters-agreement-raising-stake-in-iraqi-oil-field/23931</link>
		<comments>http://www.stockbloghub.com/2009/12/30/sto-statoil-asa-enters-agreement-raising-stake-in-iraqi-oil-field/23931#comments</comments>
		<pubDate>Wed, 30 Dec 2009 21:49:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23931</guid>
		<description><![CDATA[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&#8217;s Lukoil Holdings. Following the agreement, Statoil’s share rose to 25% from 15%, while Lukoil’s stake reduced to 75% from 85%. Located in the Basra Governorate, nearly 65 kilometers northwest of the city of Basra in southern Iraq, the huge West Qurna Phase 2 oil field holds approximately 12.8 billion barrels of proven crude oil reserves. During the second week of this month, both the companies secured the winning bid for this field and agreed with a production plateau of 1.8 million barrels per day and a remuneration fee of $1.15 per barrel. However, this adjustment in ownership will not entail any ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/30/sto-statoil-asa-enters-agreement-raising-stake-in-iraqi-oil-field/23931/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STO) Statoil ASA Gaining Impetus at Snorre</title>
		<link>http://www.stockbloghub.com/2009/12/29/sto-statoil-asa-gaining-impetus-at-snorre/23871</link>
		<comments>http://www.stockbloghub.com/2009/12/29/sto-statoil-asa-gaining-impetus-at-snorre/23871#comments</comments>
		<pubDate>Wed, 30 Dec 2009 01:07:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23871</guid>
		<description><![CDATA[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 producing assets. The company plans to spend around NOK 5.0 billion ($0.86 billion) on exploration initiatives on the Snorre field in the North Sea. Snorre has the largest remaining reserves of Statoil&#8217;s fields on the NCS. Statoil believes 2010 will be another year with a high level of activity on Snorre. A number of extensive modifications have been carried out in the recent years to make the installations more robust for increased production and an extended lifetime until the year 2040. Despite the maturity of the NCS region, Statoil is well-positioned to sustain its production from this area at ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/29/sto-statoil-asa-gaining-impetus-at-snorre/23871/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(RIG) Transocean Ltd. Earns Three Year Deal</title>
		<link>http://www.stockbloghub.com/2009/12/22/rig-transocean-ltd-earns-three-year-deal/23302</link>
		<comments>http://www.stockbloghub.com/2009/12/22/rig-transocean-ltd-earns-three-year-deal/23302#comments</comments>
		<pubDate>Tue, 22 Dec 2009 19:09:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23302</guid>
		<description><![CDATA[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 vessel, which can operate in water depths up to 5,750 feet and drill wells up to 25,000 feet deep, is due to commence the contract in the second quarter of 2011. Worth approximately $350 million, the agreement calls for Transocean to deploy the rig in Angola. We believe that the recent contract award further supports our view that the long-term fundamentals of the deepwater market continue to remain strong. Last month, the company bagged a seven-year contract for its newbuild ultra-deepwater semisubmersible rig Development Driller III from a subsidiary of oil major BP Plc. (BP). Before that, Transocean&#8217;s another newbuild ultra-deepwater ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/22/rig-transocean-ltd-earns-three-year-deal/23302/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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