Key Developments: Statoil ASA (STO.N)

STO.N on New York Stock Exchange

23.71USD
24 Oct 2014
Price Change (% chg)

$0.03 (+0.13%)
Prev Close
$23.68
Open
$23.59
Day's High
$23.74
Day's Low
$23.48
Volume
323,320
Avg. Vol
369,137
52-wk High
$31.94
52-wk Low
$22.08

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Latest Key Developments (Source: Significant Developments)

Statoil ASA's president and CEO Helge Lund resigns
Tuesday, 14 Oct 2014 08:59pm EDT 

Statoil ASA:Says that President and CEO Helge Lund informed the company that he will resign.Says the bord has appointed Eldar Sætre as acting President and CEO with immediate effect.  Full Article

Statoil says Tanzania LNG plant to start in 2021/22 at earliest-Reuters
Tuesday, 14 Oct 2014 04:07am EDT 

Statoil ASA:Expects its Tanzania gas liquefaction plan to start up in 2021 or 2022 at the earliest-Reuters.Experiences no delays.Focuses on reducing technical and commercial uncertainties and aligning some key outstanding framework conditions together with the government of Tanzania and partners to move the project forward.  Full Article

Statoil ASA sells 15.5 pct share in Shah Deniz to Petronas for $2.2 billion
Monday, 13 Oct 2014 01:05am EDT 

Statoil ASA:Says it has sold its 15.5 pct participating interest in the Shah Deniz production sharing agreement.15.5 pct share in the South Caucasus Pipeline Company (SCPC).15.5 pct share in the SCPC holding company.And 12.4 pct share in the Azerbaijan Gas Supply Company (AGSC) to the Malaysian oil and gas company PETRONAS.Says the transaction value is $2.25 billion.  Full Article

Statoil ASA signs a contract with SSE
Friday, 3 Oct 2014 07:18am EDT 

Statoil ASA:Has signed a six-year gas supply deal with Britain's SSE for 500,000 therms of gas a day - Reuters.  Full Article

Statoil exploration in new Algeria licenses to last until 2017-Reuters
Tuesday, 30 Sep 2014 07:22am EDT 

Statoil ASA:The first exploration phase of the new licenses won by Statoil in Algeria is expected to last up to 2017-Reuters.Statoil was on Sep. 30 awarded a license to explore in the southeastern part of the country, in Timissit, covering an area of ​​2,730 square kilometers.  Full Article

Statoil says gas find in Arctic Barents Sea is not commercial - RTRS
Friday, 26 Sep 2014 02:44am EDT 

Statoil ASA:Says gas find in the Pingvin prospect in the Arctic Barents Sea is not commercial, even though the find holds up to 120 million barrels of oil equivalents.  Full Article

Statoil postpones Canadian oil sand development-Reuters
Thursday, 25 Sep 2014 01:59pm EDT 

Statoil ASA:Has postponed plans to develop its Corner field at the Kai Kos Dehseh oil sands project in Alberta, Canada-Reuters.Statoil's country manager for Canada said in a statement that costs for labour and materials have continued to rise in recent years and are working against the economics of new projects.  Full Article

North Energy says drilling resumed on Statoil operated Pingvin prospect in Barents Sea
Wednesday, 10 Sep 2014 10:11am EDT 

North Energy ASA:Says drilling resumed on the Pingvin prospect in PL 713 in the Barents Sea.Says results from the well are expected during September.Says partners in the licence are Statoil as operator (40 pct), RN Nordic Oil (20 pct), Edison (20 pct) and North Energy (20 pct).  Full Article

Statoil to pay NOK 1.80 per share for Q2 2014
Friday, 25 Jul 2014 01:03am EDT 

Statoil ASA:To pay dividend of 1.80 Norwegian crowns per share for Q2 2014.  Full Article

Ecopetrol reaches agreement to acquire from Statoil 10 pct of shares in blocks 38/11 and 39/11 in Kwanza basin offshore Angola
Thursday, 3 Jul 2014 09:28am EDT 

Ecopetrol SA:Reaches agreement to acquire from Statoil, through Ecopetrol Germany GmbH, 10 percent stake in blocks 38/11 and 39/11 in Kwanza basin, located offshore Angola (Africa).Partners in block 38/11 are Statoil (operator), Sonangol P&P, Ecopetrol Germany GmbH and joint-venture formed by White Rose Energy Ventures and Genel Energy plc (WRG).Partners in block 39/11 are Statoil (operator), Sonangol P&P, WRG, Total and Ecopetrol Germany GmbH.  Full Article

UPDATE 1-Statoil finds more oil in decades-old North Sea site

OSLO, Oct 21 - Norwegian energy firm Statoil said on Tuesday it had found up to 80 million barrels of recoverable oil in a prospect first drilled more than two decades ago and abandoned because the initial discovery was too small.

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