Statoil ASA (STO)

[johnsyn]

8:50 AM The giant Johan Sverdrup oil field in the North Sea may be connected to another recent discovery, potentially reducing exploration and production costs for its owners, led by Norway's Statoil (STO). Johan Sverdrup is "the most positive thing that has happened on the Norwegian continental shelf in almost a decade, and then this adds even more to it," an analyst says.