Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Norway proposes doubling CO2 tax on oil companies to force off-shore strutures to use on-shore power.
MARKET PULSE Archives
April 18, 2012, 2:15 a.m. EDT
Statoil Fuel agrees to Alimentation bid of $2.8B
TEL AVIV (MarketWatch) -- Alimentation Couche-Tard Inc. ANCUF +2.45% CA:ATD.A +2.94% CA:ATD.B +1.39% definitively agreed to acquire Statoil Fuel & Retail ASA NO:SFR +50.65% for 53 Norwegian kroner a share, or 15.9 billion kroner ($2.8 billion). In a Wednesday statement, Alimentation, the Laval, Quebec, convenience-store operator, said that Statoil Fuel & Retail would give it global presence in the industry and a platform for further growth on the Continent. Statoil Fuel & Retail's network spans Scandinavia and the Baltic states and it has a growing presence in Poland, Alimentation said. Statoil Fuel & Retail operates some 2,300 full-service or automated stations; the combined network would have 8,400 locations. The offer price is a 53% premium to the closing price of Statoil Fuel & Retail on Tuesday at 34.75 kroner. Statoil Fuel & Retail's board has approved the terms of the proposal. And its parent company, Statoil ASA, STO +2.38% NO:STL -1.04% has committed to tender its 54% stake to the offer.
Statoil launches new rig type for increased oil recovery
HOUSTON, Apr. 17
04/17/2012
By OGJ editors
Statoil let a contract to Aker Solutions to hire a category B drilling rig, a new type of rig, which is designed to increase recovery from the company’s operating fields on the Norwegian continental shelf (NCS).
Statoil has developed the new type of rig and well-control system in cooperation with the supplier industry. The category B rig, which falls between light intervention vessels (category A) and conventional rigs (category C), has been specially adapted to carry out well intervention and drilling operations in existing subsea wells, Statoil said.
The new rig, with associated integrated services, is expected to reduce operating costs for well intervention by as much as 40%, Statoil reported.
The rig’s design, which provides the option for a number of different types of well interventions using wireline and coiled tubing operations, is based on Aker Solutions’ own studies with a background in Statoil specifications. The rig type is designed for year-round well service in Statoil-operated activities.
“This type of rig is also designed to carry out sidetrack drilling from production tubing (through tubing drilling) in a manner that allows simultaneous production from both the new sidetrack and existing production tubing,” Statoil said, adding, “The well services are conducted through existing subsea Christmas trees.”
Statoil said, “The key to maintaining the current production level on the NCS is increased recovery from existing fields, along with the development of new fields. Increasing drilling activity on mature fields is important in order to achieve the NCS’s full potential.”
Currently, Statoil operates about 500 subsea wells. Statoil and licensees will enter into an 8-year contract with options for three times 2 years for the category B service. The estimated value of the contract is $1.9 billion.
In addition to rig rental, the contract also includes rental of the necessary equipment and services to carry out well intervention, sidetrack drilling, remotely operated vehicle operations, well testing, and cementing.
The rig will be in service during 2015.
Statoil awards compression contract to Schlumberger unit
OSLO, April 12 (Reuters) - Norwegian energy company Statoil has contracted Framo Engineering, a unit of Schlumberger , to design and build one of the world's first subsea gas-compression plants for the Gullfaks field off Norway, Statoil said on Thursday.
The contract is for nearly 900 million crowns ($155 million), the company said.
"This may increase the production from the field by three billion cubic metres of gas, enabling Gullfaks to sustain plateau production for gas export," Jannicke Nilsson, Statoil's western North Sea chief, said in a statement.
Statoil and partner Petoro, which represents the Norwegian state, settled last year on a subsea solution for gas compression to boost reservoir pressure some 15 kilometres from the Gullfaks C platform.
The company said current recovery rate of petroleum production in the area is 62 percent. Subsea compression could help boost that to 74 percent.
Production at Gullfaks, which started in 1986, peaked in 1994 at more than 30 million cubic metres of oil equivalent and fell below 5 billion cubic metres in 2010, according to the Norwegian Petroleum Directorate.
Statoil is the operator with a 70 percent interest, with Petoro claiming the rest. ($1 = 5.8018 Norwegian crowns)
(Reporting by Walter Gibbs; editing by James Jukwey)
((walter.gibbs@thomsonreuters.com)(+4722936977))
Keywords: STATOIL/
Gas target empty at Oseberg, deeper pool oil find
HOUSTON, Mar. 23
03/23/2012
By OGJ editors
A Statoil ASA group has made a small oil discovery in PL053 in the Oseberg Area Unit in the North Sea offshore Norway.
The 30/6-28S exploratory well proved a 12-m oil column in the Statfjord formation. Statoil estimated the discovered recoverable volume at 12-18 million bbl of oil equivalent. Attractive economics outweigh the modest volume, Statoil said.
The discovery on the Crimp prospect is to be produced through Oseberg facilities. The Statfjord formation was the well’s secondary target.
The primary target was the Crux prospect that Statoil earlier defined as a high impact gas opportunity. With the Crux prospect Statoil tested a hypothesis for the existence of a separate gas-filled structure underlying Oseberg field, but the formation did not contain hydrocarbons.
After completing the 30/6-28S well, the COSL Pioneer semisubmersible will move to Glitne field.
Statoil is operator of PL 053 with 49.3 % interest. Petoro AS has 33.6%, Total E&P Norge AS 10%, ExxonMobil E&P Norway AS 4.7 %, and ConocoPhillips Skandinavia AS 2.4%.
9:00 AM Premarket gainers: MWA +18%. XOMA +8%. SQNM +7%. NBG +5%. GNOM +4%. CCI +4%. RAD +5%. MWW +4%. DB +4%. ING +4%. RIO +3%. MT +3%. BUD +3%. DRYS +3%. ARMH +3%. STO +3%. UBS +3%. SINA +3%. AEO +3%.
Losers: DNDN -13%. STP -6%. ALKS -5%. WSM -4%. AMLN -4%. MCD -3%. CIGX -3%. UAL -3%. AGNC -3%.
2:50 AM Norway's Statoil (STO) is said to be the frontrunner to buy Anadarko Petroleum's (APC) Brazilian ops, edging out France's Total (TOT) and Denmark’s Maersk for the assets, which are valued at $3B-4B.
STATOIL Has confirmed it intends to sell it's share of Iraq oil fields to their Russian partner.
STATOIL CONFIRMS SIZE OF OIL FIND
http://www.reuters.com/article/2012/03/06/statoil-idUSL5E8E60PK20120306
STO looking for workhorse rigs for off Norway, $450-500 million cost, expect 2015 delivery
Statoil lets contract to upgrade Snorre A
HOUSTON, Feb. 28
02/28/2012
By OGJ editors
Statoil has let a contract to Aker Solutions for the upgrade of drilling facilities on its Snorre A platform in the Tampen area of the North Sea offshore Norway.
Statoil believes the Snorre A upgrade, designed to improve general environmental conditions and safety, will increase recovery by 67 million bbl of oil.
The company has been working to extend the oil field’s production life to 2040 (OGJ Online, Dec. 12, 2009). It estimates the field, which began production in 1992, holds 900 million boe of oil equivalent hydrocarbons.
Last year, according to the Norwegian Petroleum Directorate, Snorre produced 115,000 b/d of oil, 400 million standard cu m of natural gas, and 20,000 tonnes of NGL. The field is in 300-350 m of water.
Snorre A is a tension leg drilling, production, and quarters platform. The Snorre B platform, in the northern part of the field, is a semisubmersible.
Statoil is the Snorre operator with a 33.32% interest. Other interests are Petoro AS 30%, ExxonMobil Exploration & Production Norway AS 11.58%, Idemitsu Petroleum Norge AS 9.6%, RWE Dea Norge AS 8.28%, Total E&P Norge AS 6.18%, and Hess Norge AS 1.04%.
Statoil ASA ADS (STO) (28.19 +0.47)
Feb 24 (Reuters) - Norwegian oil firm Statoil said its recent gas discovery off the coast of Tanzania has so far proven to hold up to 5 trillion cubic feet of gas, the firm said on Friday. "The well has encountered 120 metres of excellent quality reservoir with high porosity and high permeability. The gas-water contact has not been established and drilling operations are on-going," Statoil said in a statement. The company first announced the discovery on Feb. 17 but said it was too early to discuss the size of the find. (Reporting by Balazs Koranyi) ((Balazs.Koranyi@thomsonreuters.com)(+47 22 93 69 62)) Keywords: STATOIL (Thomson Reuters 02:05 AM ET 02/24/2012)
Feb 24 (Reuters) - Norwegian oil and gas firm Statoil agreed to charter two new semisubmersible rigs from Songa Offshore for $2.66 billion to operate in mature fields offshore Norway, the two firms said on Friday. The contract period is for eight years with options for extensions for up to 12 years. The first unit is due for delivery in early 2014 and the second in mid-2015, Songa said. South Korea's Daewoo Shipbuilding & Marine Engineering Co. will build the rigs for $570 million per unit while the drilling package will be delivered by Aker Solutions . One of the rigs, purpose-built for mature fields, will be used on the Norne, Heidrun and Aasgaard licences, while the second rig will be used for year-round operations in the Barents Sea in Norway's Arctic north. (Reporting by Victoria Klesty; editing by Balazs Koranyi) ((+47 2293 6977)) Keywords: (Thomson Reuters 02:27 AM ET 02/24/2012)
Statoil picks spar for deepwater Luva development
Statoil and partners have taken a step toward development of deepwater Luva gas and condensate field in the Norwegian Sea with selection of a spar platform to handle production from wells completed subsea (OGJ Online, Mar. 18, 2009).
OIL & GAS JOURNAL
I like this company...
Yeah still us just launching a new spin off newsletter. I will take a look at the Norway stock we talked about before. Maybe you can post some DD on my board so we can start a discussion.
What is interesting now about New York is they still have the block on new drilling so it is tough for companies that have large NY acreage to stay solvent. A company like STO of course could move on this now if they anticipate a different climate in the coming 1-2 years.
One thing I think for sure is we are about to see a major energy bull market so there is lots of upside here.
Hey OSR,
I see you made some changes. If you remember my pet stock from Norway give them a look. Ive got a map posted in the ibox of the properties.
It looks like they might not be able to survive with all the accumulated debt and are now in the process of offering 180,000 acres of Marcellus shale properties in New York state.
Given the proximity to CHK/STO properties, I wonder if it might be of interest to Statoil since they are both from Norway. Still developing, but might be worth watching to see which way it goes.
IMO and FWIW.
Thanks for the report. STO has been solid. Bright future here.
IMO and FWIW.
Norway’s national oil giant Statoil announced Oct 17th its acquisition of Brigham Exploration for $4.4 billion. The primary target of Statoil’s interest is Brigham’s strong position in the Bakken Shale oil play of North Dakota and Montana. Brigham boasts 375,000 acres in the Williston basin, which includes the Bakken.
Brigham has been very successful in the Bakken, having drilled 88 successful wells in a row, which have come on line at an average 2,800 bpd. The company produces 21,000 bpd currently, with the potential, figures Statoil, to take it to 100,000 bpd within five years. Brigham has 12 rigs in the Williston, on track to drill 140 wells per year.
The deal represents a 36% premium to Brigham’s recent average trading price. It values Brigham at roughly $11,500 per acre, or $6,500 an acre if you exclude the value of the existing production, according to Tudor, Pickering, Holt & Co. Looking at the deal in terms of earnings multiples, Tudor, Pickering says the price assumes an enterprise value 10 times expected 2012 Ebitda. Analyst Kim Fustier of Credit Suisse sees Statoil’s potential proved and unproved reserves from the acquisition as totalling more than 400 million boe (oil and gas equivalents). That would equate to a price of roughly $10 per boe.
DD here: http://turnkeyoil.com/2011/10/20/latest-acquisition-brigham-exploration/
Statoil Signs USD 5 Million Partnership Agreement with University of Texas
http://ih.advfn.com/p.php?pid=nmona&article=49226386&symbol=STO
International energy company Statoil (NYSE: STO) and the University of Texas at Austin (UT) have signed an Energy Partnership agreement providing the university with an annual funding of USD 1 million for 5 years.
The agreement is Statoil's largest of its kind outside Norway, and UT has been chosen as the company's pilot university in the United States.
"We are very pleased to enter into this agreement with UT, a world-class academic institution, renowned for its leading research and education within several important areas for us," says Bill Maloney, executive vice president for Statoil in North America.
"Statoil wants to further develop its position in the market for talented women and men to join us. We plan to significantly grow our activities in the United States and Canada. Universities and academic institutions in North America represent important arenas for Statoil in research and competence development, both on a regional and global level," says Maloney.
"Statoil is a world-class energy company with a commitment to research and education, and we look forward to working with them in the years to come to develop talented young people who will become the energy leaders of tomorrow," says Scott Tinker, the director of UT's Bureau of Economic Geology. He will sit on the strategic board helping to guide the program.
The agreement was signed in Austin on September 19 by Statoil executive vice president Bill Maloney and UT research vice president Juan M. Sanchez.
"Statoil technology is world leading in many areas. However, the oil and gas industry is changing with more complex technological challenges. Increased global focus on research and development is needed to close technological gaps. Academia agreements are of strategic importance to Statoil in order to maintain a rapid pace of technological innovation and continue developing a business mindset," says Hersvik.
UT has for many years been an important partner for Statoil within research and technology development, especially in the areas of geology, geophysics and petroleum engineering. Four strategic areas are identified in the new agreement:
•Integration of geological, geophysical and petrophysical data in earth models
•Trap integrity in salt basins – sub-salt imaging and seal versus pore pressure challenges
•Drainage of deep marine reservoirs – static and dynamic reservoir models and drainage methods
•Unconventionals – improved development and drainage of shale plays
"This agreement is vital for Statoil's long-term ambitions in the US," says Helge Haldorsen, vice president for strategy in Statoil North America.
"We are in a growth mode, and this agreement will allow us to access world-class research and long-term recruitment opportunities. By extending and formalising our collaboration with UT, we aim at stimulating research and competence development within strategic important areas both for UT and Statoil," he says.
Statoil's academia programme consists of 11 bilateral agreements. Of these, eight are with Norwegian institutions and three are international. In addition to the UT agreement, Statoil has formalised collaboration with Imperial College in the UK and Delft University of Technology in the Netherlands.
Statoil is an international energy company with operations in 34 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 20,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.
In North America, Statoil is established with US offices in Houston, Texas; Stamford, Connecticut; Washington DC and Anchorage, Alaska, and Canadian offices in Calgary, Alberta and St. Johns, Newfoundland and Labrador.
Statoil is one of the largest holders of deepwater acreage in the US Gulf of Mexico, where it also has interests in six producing fields. Onshore US, the company holds material positions in the Marcellus and Eagle Ford shales. In Canada Statoil is operator for the Kai Kos Dehseh project in Alberta and has interests in two producing fields offshore Newfoundland.
Statoil's Research and Development department has about 700 employees. Statoil is devoting approximately USD 430 million to research activities in 2011, and has research centres in Norway (Trondheim, Karsto, Bergen, Porsgrunn), a heavy oil technology centre in Canada (Calgary) and technology activities in Beijing, Rio de Janeiro and Houston.
(Logo: http://photos.prnewswire.com/prnh/20101006/STATOILLOGO)
CONTACT: Ola Morten Aanestad, +1-713-498-0585, oaan@statoil.com
SOURCE Statoil
I ask myself this same question! Life can get to busy to keep up w/ all the current events in the market place!
Statoil holds a 32.5 percent interest in all of Chesapeake’s acreage?
I missed this update. NYSGEIS approval for Marcellus shale could provide renewed interest for STO. CHK has alot of real estate in New York. I need to pay more attention. LOL!
http://marcellusdrilling.com/2011/03/chesapeake-and-statoil-to-drill-17k-horizontal-marcellus-gas-wells-statoil-does-deal-with-markwest-for-gas-processing/
Chesapeake and Statoil to Drill 17K Horizontal Marcellus Gas Wells, Statoil Does Deal with MarkWest for Gas Processing
Statoil holds a 32.5 percent interest in all of Chesapeake’s…acreage. The agreement between the companies covers 1.8 million acres in Appalachia, with more than 32,000 leases in West Virginia, Pennsylvania, New York and Ohio. Statoil established the 17,000-well prediction on the company’s website. [Chesapeake pegged the number closer to 20,000 wells on its website in 2009.]
Now, Statoil – a firm established in 1972 in Oslo, Norway – has inked a deal with MarkWest Liberty for the processing of natural gas liquids at MarkWest’s Majorsville complex in eastern Marshall County [West Virginia]. This facility – which is already operating near capacity – transports the valuable ethane, propane, butane and pentanes by pipeline to the MarkWest storage and marketing complex in Houston, Pa.
“We are excited to expand our existing relationship with Statoil,” said Frank Semple, chairman, president and chief executive officer of MarkWest. “MarkWest Liberty provides integrated NGL transportation, fractionation, storage and marketing services that are critical to optimizing rich-gas development in the northeast United States, and we are pleased to further strengthen our midstream presence in the liquids-rich areas of the Marcellus (Shale).”
MarkWest is close to finishing a second such facility with equal processing power in the Majorsville [West Virginia] area, with the possibility of building a third plant.*
IMO and FWIW.
lol... Interesting name you have there. ;)
They announce that their two North Sea wells are a major oil find.
(On Bloomberg TV today)
http://www.forbes.com/feeds/ap/2011/08/16/general-eu-norway-oil-discovery_8625392.html
Think STO is undervalued?
A little earnings and dividend update.
STO - Spartan Oil Corp. Announces Disposition of Non-Core Assets
http://ih.advfn.com/p.php?pid=nmona&article=48229741&symbol=STO
Ricketts was there with Johnson since 2004?
Now new CFW mgmt wants better/newer accounting system or assistance with sale?
Double bottom w/ Feb 22 before the March run.
Friday's drop might have been Russel rebalancing overflow?
I read $2/share on reserves alone depending upon oil $?
Pop on NEW CFO, and run on merger/sale of assets?
OR-- DROP on BK??????????????
STO CHART updated.....................
Morning,Saw this posted chart: Avg is at bottom of current channel in the long term (upper panel 2009- 2011).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64572726
Looking at CFW, DPTR, FCEL and TGC as possible bounces if at the lower end of channel.
FCEL is dormant and below radar for a while at 1.42- 1.45. Resistance is 1.48.
STO could bounce as well, but kind of pricey for me...
Still confused about Silver- Read but don't fully get it. GPL recovered yesterday- is that a good play?
The more I read, the less I find that I really understand........
STO- chart looks like many others today..
Sorry I don't have PM, so use dead boards to chat with TKO and other serious minds...
Yes watching gold/silver/dollar and trying to figure out what's happening.
SLV board qoute- Makes sense, but thinking a QE-3 may be necessary or forced upon Fed in the fall to prop up Obama.
Another smart one pointed out that if stocks die this year, deflation kills Obama's re-election
So think there is a very tight tight rope to slip slide across- and not sure i know whats coming- so have been mostly cash..
Probably don't have many posts left today, so see you tomorrow...
Correct from what your puts were put on?
Ben talks yesterday and the dollar holds strong because the rest of the world is weak. The dollar remains strong because there is no QE3.
If the Fed does more QE3 then stocks and metals rise because of inflation.
If the Fed does nothing then stocks and metals go down because of deflation. Metals have gone up from SPECULATION not fundamentals. Industrial demand for metals doesn't matter in this market.
Eventually it won't matter what the Fed does, investors will pull out their money and the market will deflate.
I sold my calls yesterday at $35.85 and I kept my puts, which are up ~$300 today =)
Is today trying your patience?
HERO, AXAS, CFW, DPTR? good buys and getting better as the day goes on?
Patience is a big one. I've got a few that I'm looking to enter once they turn up.
Well when you're down.. its nice to know you're not alone?
Whole sector- and many others are lower since June 1st.
Key is sensing the bottom... and patience....
Dresser-Rand and Statoil Launch Joint Research & Development Program Based on DRC's Recently Introduced Integrated Compression S
http://ih.advfn.com/p.php?pid=nmona&article=48128109&symbol=STO
Dresser-Rand Group Inc. ("Dresser-Rand") (NYSE: DRC) and Statoil (NYSE: STO) announced today that they have launched a joint research and development project based on Dresser-Rand's Integrated Compression System (ICS).
The ICS is an advanced technology platform that uses high-efficiency DATUM centrifugal compressor technology driven by a high speed, close-coupled motor. The compressor rotor incorporates a proprietary, integrated gas-liquid separation unit avoiding the use of a large static inlet scrubber to protect the compressor. The compression system is complete with process gas coolers, process piping, valves and instrumentation, all packaged into a single lift module. The ICS provides a complete compression system for applications in upstream, midstream and downstream markets, featuring the industry's smallest footprint - with reduced weight - at the lowest total installed cost. A first unit has been built and shipped in September 2010, and is expected to start operation later this year.
Initially, the companies will focus on configuring the ICS package for high power applications in a nominal 8-12 MW range.
Once the equipment operating conditions and package requirements have been clearly defined, Dresser-Rand will build a high power ICS and test it in its unique liquid-gas hydrocarbon facility in Olean, N.Y., USA.
In addition, Dresser-Rand plans to conduct testing on a sub-sea test stand to be constructed along side the existing facility, also in Olean. This phase is expected to be completed during 2012.
"We believe this joint industry development program will lead to an improved value proposition for the 'only-in-class' Integrated Compression System, and will help accelerate the broad market acceptance of the technology for both topside and subsea applications," said Vincent R. Volpe Jr., Dresser-Rand's President and CEO. "We are excited to be working jointly with Statoil, one of the premier producers in the industry, a long time client, and a recognized technology leader."
About Dresser-Rand
Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, India, and China, and maintains a network of 41 service and support centers covering more than 140 countries. Dresser-Rand has principal offices in Paris, France, and Houston, Texas.
About Statoil
Statoil is an international energy company with operations in 34 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 20,000 employees worldwide, and is listed on the New York and Oslo Stock Exchanges. For more information, please visit www.statoil.com.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements with respect to planned or proposed repurchase of shares of common stock. Forward-looking statements include, without limitation, the Company's plans, objectives, goals, strategies, future events, future revenue, or performance, capital expenditures, financing needs, plans, or intentions relating to acquisitions, business trends, executive compensation, and other information that is not historical information. The words "anticipates", "believes", "expects," "intends", and similar expressions identify such forward-looking statements. Although the Company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks, and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include, among others, the following: potential for material weaknesses in its internal controls; economic or industry downturns; the variability of bookings due to volatile market conditions, subjectivity clients exercise in placing orders, and timing of large orders; volatility and disruption of the credit markets; its inability to generate cash and access capital on reasonable terms and conditions; its inability to implement its business strategy to increase aftermarket parts and services revenue; competition in its markets; failure to complete or achieve the expected benefits from any future acquisitions; economic, political, currency and other risks associated with international sales and operations; fluctuations in currencies and volatility in exchange rates; loss of senior management; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; unexpected product claims and regulations; infringement on its intellectual property or infringement on others' intellectual property; its pension expense and funding requirements; difficulty in implementing an information management system; and the Company's brand name may be confused with others. These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission at www.sec.gov. Actual results, performance, or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition. The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. For information about Dresser-Rand, go to its website at www.dresser-rand.com.
DRC-FIN
SOURCE Dresser-Rand Group Inc.
Comparison charts are usually interesting. Thanks for the reminder. ;)
STO- AXAS- KOG- Try a comparison chart and see the similar trend, especially since June 1st?
KOG bouncing @ 200 dma, but AXAS well below. STO?
All heading to Hell in a hand basket? Or assumption of decreased demand with economic slowdown and/or euro/dollar gyrations?
Also, if PPI, CPI and other indicators rise, doesn't that mean higher rates and higher dollar with lower equity prices?
just asking...
I'm wondering if this holds the 200 day ma?
Statoil Notifiable Trading
http://ih.advfn.com/p.php?pid=nmona&article=48085551&symbol=STO
On behalf of Statoil (OSE: STL) (NYSE: STO), DnB NOR has on 15 June 2011 purchased 517,000 shares for use in the group's Share saving plan.
The shares have been acquired at a price of NOK 133.32 per share. Before distribution to the employees, the Share saving plan has 6,674,031 shares.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
[HUG#1523846]
Investor Relations
Hilde Merete Nafstad
Senior Vice President
Investor Relations
Tel: +47 957 83 911
Morten Sven Johannessen
Vice President
Investor Relations USA
Tel: +1 203 570 2524
Media
Bard Glad Pedersen
Press Spokesperson
Media Relations
Tel: +47 91 80 17 91
I do own them all-- Just a disclosure.
Thanks for some suggestions, I'll look into them.
Gotta Make Hay when the sun shines, Right?
but more like you:
"gotta free up electrons when the solar radiation is upon you"?
--------
Oils up towards the beginning of Fall?
In the mean time...
WEST, EMKR..... Have to wait and see.
Also buying CPST on the dumps for next quarter...
Greek blood in the streets not good for Euro/dollar ratio, and CPI and PPI might give rates a boost?
_
I don't have PM so use this dead board as a hidden message board-
Is that your new strategy? Solar investments in the summer?
Another red day?
WH looks DOA- didn't find if it was a R/M by Chinese with poor accounting?
CFW- now that Jeff left and Hedge fund is in control- its gone from bad to.....? The 80 cent pop was sure a way to make money. No news on selling off portions- perhaps waiting until fall/winter with higher prices. Chart people get gitty when it pops a few pennys...
Not sure but if CPI and PPI reports are higher- means rates and dollar go up? so sinking tide drops most boats?
Going solar these days.... at least during the summer..
"Same here, been trying to find some solid DD as well."
Have any luck with WH?
WH is one that's fallen off the cliff-- any rebound?
Anything to do with China's attempt to cut back demand?
Doesn't make sense to cut back on energy production infrastructure?
crawling along the edge of a cliff?
double bottom at 24 - or right off the edge falling under 20?
some life in CFW these days?
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
210
|
Created
|
09/25/07
|
Type
|
Free
|
Moderators |
Statoil ASA (STO)
Address:
Statoil ASA
Forusbeen 50
Stavanger N-4035
Norway
Phone: 47-51-99-00-00
Statoil ASA is an integrated oil and gas company. The Company's focus is on exploration, development and production of oil and natural gas from the Norwegian Continental Shelf (NCS). It has business operations in 34 countries. The Company's proved reserves as of December 31, 2006, consisted of 1,675 million barrels of oil and 399 billion cubic meters of natural gas, which represents an aggregate of 4,185 million barrels-of-oil equivalent. Statoil ASA operates in four business segments: Exploration and Production Norway (E&P Norway), International Exploration and Production (International E&P), Natural Gas, and Manufacturing and Marketing. During the year ended December 31, 2006, the Company acquired a 25% share in the license 218 in Blocks 6706/10 and 6706/12 in the Norwegian Sea. In June 2007, Statoil ASA, through its subsidiary Statoil Canada Limited, acquired North American Oil Sands Corporation.
CIK: 0001140625
Important Company Highlights:
Operations: http://www.statoil.com/en/ouroperations/pages/default.aspx
Top 20 shareholders: http://www.statoil.com/en/InvestorCentre/Share/Shareholders/Top20/Pages/default.aspx
Recent News: http://finance.yahoo.com/q/h?s=STO+Headlines
Transfer Agent:
Bank of New York Mellon Corp.
101 Barclay Street
22nd Floor
New York, NY 10286
Investor Relations:
Morten Sven Johannessen
Vice president
Statoil, USA
Email: mosvejo@statoil.com
Tel: +1 203 978 6950
All messages, including iBox content, are the opinion of the posters, are no substitute for your own research, and should not be relied upon for stock trading or any other purpose.
Also, keep in mind that moderators may or may not have a position in said stock. Being a moderator isn’t a sign of endorsement.
Please keep your posts on topic because your message(s) will probably be deleted when:
* Posting content that's off-topic to the subject of this board;
* Posting statements that don't add value to the discussion; or
* When you violate any other posting term of the iHub User Agreement: http://investorshub.advfn.com/boards/complex_terms.asp
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |