Key Developments: Statoil ASA (STO)

STO on New York Consolidated

21 Aug 2014
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Latest Key Developments (Source: Significant Developments)

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

Statoil and Statkraft to build wind farm off UK coast
Wednesday, 2 Jul 2014 10:38am EDT 

Statoil ASA:Statoil and Statkraft AS have announced plans to build a wind farm off the British coast in a 15 billion Norwegian crowns ($2.4 billion) investment, expected to be completed in 2017.Statoil, the operator of the Dudgeon offshore project, says construction of the 67 turbines will begin in 2016.With a total generation capacity of 402 MW, they will provide energy for some 410,000 households.  Full Article

Atlantic Petroleum concludes drilling on the re-entry of the 6104/21-2 Brugdan II exploration well on Faroes Licence 006 held with Statoil ExxonMobil and OMV
Friday, 27 Jun 2014 03:00am EDT 

Atlantic Petroleum P/F:Says that drilling operations on the re-entry of the 6104/21-2 Brugdan II exploration well on Faroes Licence 006, held with Statoil, ExxonMobil and OMV, have concluded.The well was drilled to 4542 meters and drilling was operationally challenging.No hydrocarbons were found in the intervals drilled and the well will be now plugged and abandoned.The well was re-entered using the West Hercules semi-submersible rig in a water depth of about 460m.Brugdan is a large four-way dip closure in the Tertiary that was previously drilled in 2006 by the 6104/21-1 well.Neither well encountered the Vaila Sandstone target.The well is operated by Statoil who holds a 35 pct interest in the licence.Atlantic Petroleum has 1 pct interest, with 49 pct held by ExxonMobil and 15 pct by OMV.  Full Article

Lundin Petroleum spuds appraisal well 16/4-8 S on the Luno II discovery, offshore Norway in license shared with OMV and Statoil
Monday, 23 Jun 2014 02:23am EDT 

Lundin Petroleum AB:Says it through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) commenced drilling of appraisal well 16/4- 8 S on the Luno II discovery in license shared with OMV AG and Statoil ASA.The Luno II discovery is located approximately 15 kilometers (km) south of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf (NCS).The well is located in PL359 and will appraise the Luno II Central South basin, located 4km southeast of the Luno II discovery well.The main objective of well 16/4-8 S is to test the reservoir properties and verify the petroleum potential.The reservoir is expected to be of Jurassic/Triassic age.The planned total depth is about 2,700 meters below mean sea level and the well will be drilled with the semi-submersible drilling unit Bredford Dolphin.The drilling operation is expected to take approximately 50 days.Lundin Norway, the operator of PL359, holds a 40 pct interest and has announced that it will increase its interest to 65 pct interest, subject to governmental approval.Statoil Petroleum AS holds 15 pct interest and OMV Norge AS has entered into an agreement to increase its interest from 15 to 20 pct, subject to governmental approval.  Full Article

Statoil finds more gas off Tanzania-Reuters
Wednesday, 18 Jun 2014 09:58am EDT 

Statoil ASA:Says to have found more gas off Tanzania, raising chances that proposed liquefied natural gas (LNG) plant could be bigger than initially planned - Reuters.Says to have discovered additional 2-3 trillion cubic feet (tcf) in Block 2 offshore Tanzania, boosting total discovery to about 20 tcf (566 billion cubic metres).  Full Article

Statoil and PTTEP complete agreement to divide Canadian oil sands interests
Wednesday, 28 May 2014 08:00pm EDT 

Statoil ASA:Completes agreement with PTT Exploration and Production on dividing their respective interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada.Following the transaction Statoil owns 100 percent and continues as operator of the Leismer and Corner development projects.Following the transaction PTTEP owns and operates 100 percent of the Thornbury, Hangingstone and South Leismer areas.Statoil paid the sum of $200 million plus a working capital adjustment amount of C$238 million to PTTEP at the closing of the transaction.  Full Article

Lithuania to negotiate first LNG supply deal with Statoil - Reuters
Monday, 26 May 2014 07:44am EDT 

Statoil ASA:Lithuania has picked Statoil for talks on its first liquefied natural gas (LNG) purchase deal-Reuters.The deal is expected to be finalised by the end of June.Litgas is a trading arm of state-owned energy group Lietuvos Energija.  Full Article

Statoil ASA approves dividend of seven Norwegian crowns
Wednesday, 14 May 2014 02:37pm EDT 

Statoil ASA:Approves dividend of seven Norwegian crowns per share will be distributed.Dividend accrues to shareholders as of May 14, 2014.  Full Article

Statoil declares Q1 2014 dividend of NOK 1.80 per share
Wednesday, 14 May 2014 02:32pm EDT 

Statoil ASA:Says the general meeting of the company held on May 14 authorised the Board to implement quarterly dividend payments starting from Q1 2014.The Board has approved the payment of interim dividend for Q1 2014 of 1.80 Norwegian crown per share, provided that there is an approved registration of the authorisation in the Norwegian Bronnoysund Register Centre.The interim dividend accrues to the shareholders as of Aug. 13.Ex- dividend date Aug. 14.Expects dividend payment to take place on Aug. 28 for Statoil's shares listed on Oslo Stock Exchange.Expects payment date for dividends in USD under the US American Depository Receipts (ADR) program to be Sept. 5.  Full Article

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