Company Overview and News


Add STO
to your dashboard

Headline News

Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock

9h rigzone
(Bloomberg) -- Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? (28-0)

Stock Market News For Nov 20, 2017

11h zacks
Benchmarks ended in the red on Friday even as investors remained skeptical over the likelihood of the tax cuts legislation gaining passage as early as this year-end. Concerns over tax overhaul plans also weighed on investor sentiment over last week, with both the Dow and the S&P 500 posted second consecutive weeks of declines. (58-0)

Norway's oil bosses insist end isn't nigh after $35-billion shock

12h worldoil
OSLO (Bloomberg) -- Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? (22-0)

Petrobras (PBR) Receives $1 Billion Loan to Pay Off Debt

12h zacks
Petroleo Brasileiro S.A. or Petrobras’ (PBR - Free Report) recently secured a loan of $1 billion from a banking syndicate led by Standard Chartered PLC.  The loan will be guaranteed by Petrobras’ P-56 platform located at Marlim Sul Module in Brazil’s Campos Basin. The integrated energy firm — which is grappling with over $88-billion debt — will use the proceeds to pay off its debt obligations. Notably, Petrobras has already repaid Standard Chartered’s $500-million debt, ahead of schedule. (34-0)

Statoil (STO) Plans to Boost Exploration Activities in NCS

13h zacks
Statoil ASA (STO - Free Report) has decided to accelerate oil and gas exploration activities in the Norwegian Continental Shelf (“NCS”) in 2018. In 2014, when commodity prices started dropping drastically, oil companies had to lower exploration budgets considerably. However, these companies have reinitiated exploration activities. This implies additional work for owners of drilling rigs, such as Transocean Ltd or Seadrill Limited. (87-0)

[Press] Statoil ASA: Commencement of Subscription Period for the Dividend Issue for the Second Quarter 2017 Under the Scrip Dividend Programme

15h oilvoice
Reference is made to the previous announcements by Statoil ASA (OSE:STL, NYSE:STO, the "Company") regarding the resolution made by the annual general meeting on 11 May 2017 to continue the two year scrip dividend programme commencing from the fourth quarter 2015 (the "Scrip Dividend Programme"). Further reference is made to the resolution by the board of directors on 26 July 2017 to distribute a dividend of USD 0. (4-0)

[Press] Wood Commences New Operating Partner Contract for SAGE System and Beryl Pipeline

15h oilvoice
Wood has commenced a multi-million dollar, evergreen contract to act as operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline, on behalf of Ancala Midstream Acquisitions Limited (Ancala Midstream).

[Press] Tlou Secures New Botswana Based Cornerstone Investor Subject to Listing on the Botswana Stock Exchange

15h oilvoice
Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane (“CBM”) projects, is pleased to announce that the Company has entered into conditional subscription agreements with investment funds managed by African Alliance Botswana Limited, a leading asset manager based in Botswana.  (1-0)

[Press] MHI: H-100 Gas Turbine Successfully Completes Low NOx Testing, Confirms Industry-Leading Performance

16h oilvoice
TOKYO, Nov 20, 2017 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI), Mitsubishi Hitachi Power Systems, Ltd. (MHPS) and Mitsubishi Heavy Industries Compressor Corporation (MCO) have successfully completed testing of MHPS's 2-shaft 120MW H-100 Gas Turbine. The H-100 utilizes the latest combustor technology and is the industry leader in terms of low NOx (single digit ppm) for full-load operations.

[Press] Ancala Midstream Completes Acquisition of Interest in Scottish Area Gas Evacuation System

16h oilvoice
London, 20th November, 2017 – Ancala Midstream Acquisitions Limited (“Ancala Midstream”) today announces that it has completed its acquisition of Apache's interests in the Scottish Area Gas Evacuation (“SAGE”) System and the Beryl Gas Pipeline for an undisclosed sum.  Ancala Midstream has been appointed as operator of both systems.

Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock - Bloomberg

2017-11-19 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (28-0)

Record Earnings And A 10% Yield On Qualified Dividends - Buy This Niche MLP On The Dip (No K-1)

2017-11-18 seekingalpha
The stock is only 2% above its 52-week low, and distribution coverage will remain strong due to new assets contributing to earnings. (29-0)

Stock of Statoil ASA (STO) Upgraded to Strong Buy From a Buy

2017-11-17 investorplace
Statoil ASA (NYSE:STO) is a member of the 290 company Oil Gas & Consumable Fuels GICS industry group, which is a segment of the 363 company GICS Energy sector. The market value of STO is $69.1 billion which places it in the top 10% of its industry group. The stock's current Portfolio Grader score places it 14 among the 290 companies in this industry group, putting it in the top decile; among the sector leaders with a ranking of 15 among the 363 companies in the sector, and number 353 in the nearly 5,000 company Portfolio Grader universe.

Here's What Analysts Think About Norway's Oil Stocks Proposal - Bloomberg

2017-11-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (57-0)

Saudi Aramco Gets Some Bad News From Norway - Bloomberg Gadfly

2017-11-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (27-0)

CUSIP: 85771P102