Replies to post #158 on Statoil ASA (STO)

[johnsyn]

8:54 AM Statoil (STO) reportedly is targeting $3.6B (NOK20B) in additional investments on its Gullfaks field off Norway as it seeks to boost recovery and curb the risk of further leaks from the high-pressure reservoir. STO already is pumping NOK15B into four projects at the North Sea field with the aim of extracting another 142M boe and extending its producing life

[johnsyn]

6:45 PM, Jan 07. Royal Dutch Shell (RDS.A, RDS.B) and Statoil (STO) are racing to build the world's first subsea gas compression unit, a key building block in a drive to make platform-free offshore production a reality within a decade. If the technology succeeds, Arctic developments could be the main beneficiaries and could mitigate some of the concern over drilling in harsh environments