Stock News and Filings Feed


Add STO
to your dashboard

Statoil Awards Santos Basin Drilling Contract to Seadrill

2017-07-17 zacks
Statoil ASA’s (STO - Free Report) subsidiary Statoil Brasil Oleo e Gas Ltda has awarded rig contracts to Seadrill Ltd (SDRL - Free Report) for exploration drilling in the BM-S-8 license located in the Santos basin. The agreement comprises two contracts, wherein Seadrill Offshore AS will supply the drillship West Saturn, and Seadrill Serviços de Petroleo Limitada will offer services on board. As part of the license commitments of the exploration phase, the fixed contract scope consists of one exploration well and one drill stem test.

SeaDrill Wins Exploration & Drilling Contract from Statoil

2017-07-14 zacks
Offshore drilling contractor SeaDrill Limited (SDRL - Free Report) was recently awarded a contract by Statoil Brasil Óleo e Gas, a unit of integrated energy player Statoil ASA (STO - Free Report) , for SeaDrill’s drillship, West Saturn, in the Statoil operated BM-S-8 license in Brazil’s prolific Santos basin.

Buddy Platform, Countplus, Kidman Resources, AVZ Minerals, 88 Energy - early movers

2017-07-14 proactiveinvestors.com.au
The ASX 200 built on Thursday’s impressive gains to open 9.2 points to the good at 5,746, defying predictions that it would in fact lose ground.

Statoil Inks Deal to Expand Footprint in Brazilian Basin

2017-07-13 zacks
Statoil ASA (STO - Free Report) and Queiroz Galvao Exploracao e Producao (QGEP) have inked an agreement wherein the former will purchase QGEP’s 10% interest in the BM-S-8 license located in Brazil’s Santos basin. The additional 10% equity will enhance Statoil’s operated interest in the license to 76% from 66%. The transaction is valued at $379 million. BM-S-8 comprises a considerable part of the Carcará discovery including high-quality oil of about 30° API.

Brazil Has 30 Billion Barrels of Deepwater Oil -- and It's Super Cheap

2017-07-08 fool
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

Statoil (STO) Foresees Threefold Rise in Brazil Production

2017-06-14 zacks
Norwegian integrated energy player Statoil ASA (STO - Free Report) intends to more than triple its oil and gas production in Brazil by 2030. The company remains focused on the development of pre-salt fields in the country.

Real Energy Corporation to finalise capital raising following Santos deal

2017-06-02 proactiveinvestors.com.au
Real Energy Corporation (ASX:RLE) has been granted a trading halt by the ASX, pending details of a capital raising.

Canacol Energy Revisited: Still A Strong Buy Despite LNG And Deepwater Gas

2017-03-11 seekingalpha
Colombia, especially its Caribbean Coast, has been facing natural gas shortage at least since 2015. The market may stay tight over the next few years.

Statoil Gains Operatorship of Brazilian Offshore License

2016-11-23 zacks
Norwegian company Statoil ASA (STO - Free Report) recently concluded the takeover of operatorship of Petrobras' 66% operated interest of the BM-S-8 offshore license in Brazil's highly prolific Santos basin. BM-S-8 includes a significant portion of the Carcará oil discovery, one of the largest discoveries in the world in recent years. Discovered in 2012, Carcará is located on the geological trend of the adjacent Lula field and Libra area.

Comet Ridge Ltd to raise $2M to progress coal seam gas project

2016-10-07 proactiveinvestors.com.au
Comet Ridge Ltd (ASX:COI) plans to raise $2 million to progress its 40% owned Maholo coal seam gas project located in Queensland’s Bowen Basin. The raising will consist of a $1 million placement priced at $0.05, which will be followed by a 1:25 rights issue to raise up to an additional $1.05 million. Tor McCaul, managing director, commented: “The funds raised will be used for working capital while the company finalises the appraisal programme for reserves upgrade at Mahalo prior to commencing development, whilst also progressing funding discussions for drilling on the Albany Structure in the Eastern Galilee Basin.

Statoil and Petrobras Team Up to Revive Yield at Aging Wells

2016-10-05 zacks
In a bid to further strengthen their existing relationship, Norwegian oil giant Statoil ASA (STO - Analyst Report) reportedly intends to help Brazilian state-controlled company Petrobras (PBR - Analyst Report) arrest deteriorating production at aging wells in the offshore Campos basin. In August, the parties inked a memorandum of understanding, which has been developed further to target aging wells.

Reuters: Petrobras, Statoil extend partnership for old wells

2016-10-04 seekingalpha
Petrobras (NYSE:PBR) and Statoil (NYSE:STO) are expanding an existing partnership to help the Brazilian company stop declining production at aging wells in the offshore Campos Basin, Reuters reports.

Comet Ridge Ltd to raise $2M to progress coal seam gas project

2016-09-30 proactiveinvestors.com.au
Comet Ridge (ASX: COI) is focused on coal seam gas from its Queensland and northern New South Wales assets.

KNOT Offshore Partners LP Undeservedly Caught In A Perfect Storm

2016-09-20 seekingalpha
KNOP units closed at less than half the 2015 high of $26.49 and 41% discount to my est. NAV of $22.11. They provide a potential 86% total 2016 return.

Petrobras, Statoil ink agreement for Santos and Campos basins

2016-09-17 seekingalpha
Petrobras (NYSE:PBR) signs a partnership deal with Norway's Statoil (NYSE:STO) to co-operate on opportunities in producing Brazilian oil fields.

Petrobras' (PBR) Layoff Program Ends; 11,704 Take the Offer

2016-09-05 zacks
Brazil's troubled state-run energy giant, Petroleo Brasileiro S.A. or Petrobras (PBR - Analyst Report) announced that its voluntary layoff program, which came to an end on Aug 31, has been accepted by 11,704 employees.

2
shares
ASX All Ords rockets higher, holds gains to the close

2016-09-05 proactiveinvestors.com.au
Proactive Investors is a global leader in financial news, media, research and events focusing on emerging growth companies across four continents.

Statoil-Petrobras MoU for Joint Participation in Future Projects

2016-08-31 zacks
Norwegian oil giant, Statoil ASA (STO - Analyst Report) , has inked a Memorandum of Understanding (MoU) with Petrobras in order to strengthen their ties in Brazil. The MoU was signed by the two parties during the ONS 2016 conference in Stavanger. The purpose of the MoU is to assess joint participation in the future tenders for exploration areas and to enhance upstream cooperation in producing fields in the Santos and Campos offshore basins.

Slowdown in Oil Finds Raises Alarm Over Supply Gap Ahead

2016-08-30 zacks
The Oil and Gas sector continues to remain in troubled waters with a new report mentioning that in 2015 explorers had managed to discover only about 10% of the average level of oil found annually since 1960 and the level is expected to decline even further. This has raised apprehensions that the amount of oil discovered might be too less to meet future demand. Oil prices have more than halved since the commodity prices started tumbling two years ago.

Statoil Cuts Johan Sverdrup Capex Due to Price Volatility

2016-08-30 zacks
Statoil ASA (STO - Analyst Report) announced that it has slashed the planned capital expenditure on Johan Sverdrup field in the North Sea. The decision came on the heels of the ongoing oil price volatility. The company, however, expects initial daily production capacity to rise as much as 40%. The field’s Phase 1 production capacity was estimated at 440,000 barrels per day (b/d) compared with the previous estimate of 315,000–380,000 b/d.

ASX All Ords drifts lower waiting for the U.S. Fed

2016-08-26 proactiveinvestors.com.au
Proactive Investors is a global leader in financial news, media, research and events focusing on emerging growth companies across four continents.

ASX All Ords heads lower as crucial U.S. Fed meeting nears

2016-08-25 proactiveinvestors.com.au
Proactive Investors is a global leader in financial news, media, research and events focusing on emerging growth companies across four continents.

ASX All Ords tip toes higher

2016-08-24 proactiveinvestors.com.au
Proactive Investors is a global leader in financial news, media, research and events focusing on emerging growth companies across four continents.

ASX All Ords gets back in the hunt for 12-month high

2016-08-23 proactiveinvestors.com.au
Proactive Investors is a global leader in financial news, media, research and events focusing on emerging growth companies across four continents.

1
share
ASX All Ords runs out of puff but holds 5600 barrier

2016-08-22 proactiveinvestors.com.au
Proactive Investors is a global leader in financial news, media, research and events focusing on emerging growth companies across four continents.

Fintel IR - Find the Right Investors for Your Company, Instantly!

Fintel IR combines the comprehensive Fintel ownership database with machine learning to provide advanced tools to make investor outreach fast and easy. Learn more now!