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Statoil ASA (STO)

STO on New York Consolidated

23 Jun 2017
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$0.23 (+1.40%)
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Latest Key Developments (Source: Significant Developments)

Statoil says 48 pct of Q4 dividend subscribed for shares
Wednesday, 21 Jun 2017 07:58am EDT 

June 21 (Reuters) - Statoil Asa :Subscription period expired on 12 june 2017 and subscriptions were made for a total of 20,272,652 dividend shares in q4 2016 dividend issue.Dividend issue reducing dividend payable by approximately usd 334 million for company.Approximately 48% of shareholders' total net dividend have been used to subscribe for shares in dividend issue.  Full Article

Faroe Petroleum production and cash flow to gain from Statoil plans in Norwegian sea
Wednesday, 21 Jun 2017 02:00am EDT 

June 21 (Reuters) - Faroe Petroleum Plc :Notes Statoil's press announcement of 20 June 2017 regarding PDO of Njord and Bauge in Norwegian North Sea.Economics of Njord, Bauge project are "very attractive"; will make "significant contribution" to co's planned production and cash flow growth.  Full Article

Statoil swaps stakes with BP in four blocks off Australia
Thursday, 8 Jun 2017 04:48pm EDT 

June 8 (Reuters) - Statoil Asa : :Says has signed a swap agreement with BP <<>> and has been granted regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight.Says has transferred its 30% equity interest in offshore exploration permits EPP37 and EPP38 to BP and exited the licences.Says BP has transferred its 70% equity interest in offshore exploration permit EPP39 and EPP40 to Statoil and exited the licences.Says Statoil consequently holds 100% equity interest in the two exploration permits.Says the regulator has granted Statoil a suspension and extension of the work commitments in EPP39 and EPP40.Says the approved extension includes drilling of one exploration well in EPP39 before Oct. 30, 2019.  Full Article

Statoil says Jon Erik Reinhardsen elected as chair of co's board
Tuesday, 6 Jun 2017 01:05pm EDT 

June 6 (Reuters) - Statoil ASA ::On 6 June 2017 Jon Erik Reinhardsen was elected as new chair of Statoil's board of directors​.  Full Article

Odfjell: Deepsea Bergen secures up to $55 mln contract for Statoil
Wednesday, 31 May 2017 02:39am EDT 

May 31 (Reuters) - Odfjell Drilling Ltd ::Signed a letter of award(Loa) with Statoil<<>> to secure Deepsea Bergen for drilling activities in 2018-2019.Loa includes one firm well plus 4 x 3 optional wells, which in total can secure work for Deepsea Bergen up to 14 months.Estimated start up is Q2/Q3 2018 in direct continuation with OMV drilling program and contract value is up to $55 million.Αgreed to suspend completion of the current Deepsea Bergen Statoil contract and re-arrange the drilling schedule, allowing an earlier commencement of the 1 + 1 well contract with Faroe<<>>.  Full Article

Statoil nomination committee proposes PGS chief as new chairman
Tuesday, 30 May 2017 02:08am EDT 

May 30 (Reuters) - Statoil Asa :Nomination committee recommends that company's corporate assembly elects Jon Erik Reinhardsen as new chair of board of directors.Reinhardsen on Monday announced he will step down from the position of CEO at seismic firm PGS <<>> on Aug 31.The nomination committee proposes deputy chair of the board Roy Franklin as acting chair of the board in the period from 1 July up until and including 31 August.Statoil's current chairman of the board, Oeystein Loeseth has informed the nomination committee that he does not wish to stand for re-election in 2017.  Full Article

Statoil to issue up to 160 mln dividend shares with nominal value of NOK 2.50 per share
Monday, 29 May 2017 02:01am EDT 

May 29 (Reuters) - Statoil Asa :Statoil - will issue up to 160,000,000 dividend shares, each with a nominal value of NOK 2.50 per share, for subscription by existing shareholders.  Full Article

Statoil sells common shares of International Petroleum Corp
Thursday, 25 May 2017 08:00am EDT 

May 25 (Reuters) - Statoil ASA ::Statoil sells common shares of international petroleum corporation.Statoil ASA says it sold 22.8 million common shares of International Petroleum Corporation representing about 20.1% of issued and outstanding shares.Statoil ASA - Statoil sold shares at a price of C$4.77 per share, for aggregate proceeds of approximately C$109 million.  Full Article

Statoil extends contract with Fred. Olsen Energy worth $17 mln
Friday, 19 May 2017 02:14am EDT 

May 19 (Reuters) - Fred Olsen Energy Asa :Statoil <<>> has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bideford Dolphin.The well will be in direct continuation with the upcoming well, which is estimated to be commenced late May. .The contract value for the extension is approximately USD 17.2 million for an estimated drilling campaign of 100 days .  Full Article

Statoil hands Polarled pipeline to Gassco
Thursday, 4 May 2017 06:01am EDT 

May 4 (Reuters) - Statoil Asa :Handing over the Polarled pipeline to Gassco.The 482-kilometre pipeline between Aasta Hansteen field in norwegian sea and nyhamna in møre og romsdal was delivered nok 4.5 billion below budget.The original investment budget for the pipeline project was some NOK 11 billion. When the pipeline is handed over to Gassco the investments have been reduced to NOK 6.5 billion, a 40 percent cost reduction.  Full Article

More From Around the Web

Statoil cleared to use disputed technology in the Arctic for now

OSLO, June 22 A ban on Norway's Statoil using a pioneering drilling technology in the Barents Sea was lifted after a plaintiff failed to post security in a patent dispute, a lawyer said on Thursday.