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Timothy Smith

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Timothy Smith

Re: None

Thursday, 07/02/2015 3:10:40 PM

Thursday, July 02, 2015 3:10:40 PM

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Statoil (NYSE:STO) says it is suspending its Scarabeo 5 drilling rig because of overcapacity in its rig portfolio, the second such move in a week, as it continues to cut costs in the low oil price environment.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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