Edition:
United States

Statoil ASA (STL.OL)

STL.OL on Oslo Stock Exchange

171.80NOK
10:25am EST
Change (% chg)

kr-2.20 (-1.26%)
Prev Close
kr174.00
Open
kr173.10
Day's High
kr173.90
Day's Low
kr171.80
Volume
3,507,856
Avg. Vol
2,827,960
52-wk High
kr174.00
52-wk Low
kr135.80

Latest Key Developments (Source: Significant Developments)

SBM Offshore wins Statoil contract for Castberg turret mooring
Thursday, 7 Dec 2017 02:11am EST 

Dec 7 (Reuters) - Statoil Asa ::STATOIL AWARDS CONTRACT FOR THE TURRET MOORING SYSTEM OF JOHAN CASTBERG.‍STATOIL HAS SIGNED A CONTRACT WITH SBM OFFSHORE FOR DELIVERY OF TURRET MOORING SYSTEM ON FLOATING PRODUCTION SHIP (FPSO) FOR JOHAN CASTBERG FIELD​.‍CONTRACT IS AN EXERCISE OF AN OPTION IN CONNECTION WITH CONCLUSION OF A FEED CONTRACT WITH SAME COMPANY​.  Full Article

Statoil sets NOK 160.11 scrip dividend Q2 subscription price
Tuesday, 5 Dec 2017 05:42am EST 

Dec 5 (Reuters) - Statoil Asa ::SUBSCRIPTION PRICE SET FOR THE DIVIDEND ISSUE FOR THE SECOND QUARTER 2017 UNDER THE SCRIP DIVIDEND PROGRAMME.‍VOLUME-WEIGHTED AVERAGE SHARE PRICE FOR RESPECTIVE TRADING DAYS WAS NOK 168.54. SUBSCRIPTION PRICE PER SHARE IS CONSEQUENTLY NOK 160.11​.  Full Article

Statoil maintains Castberg field could hold up to 650 mln barrels
Tuesday, 5 Dec 2017 01:33am EST 

Dec 5 (Reuters) - Statoil Asa ::STATOIL: SUBMITTING PLAN FOR DEVELOPMENT AND PRODUCTION, AND AWARDING JOHAN CASTBERG CONTRACTS - SUBMITTING PLAN FOR DEVELOPMENT AND PRODUCTION, AND AWARDING JOHAN CASTBERG CONTRACTS - STATOIL.COM.‍RECOVERABLE RESOURCES ARE ESTIMATED AT 450-650 MILLION BARRELS OF OIL EQUIVALENT​.‍THIS MAKES JOHAN CASTBERG PROJECT BIGGEST OFFSHORE OIL AND GAS DEVELOPMENT TO BE GIVEN GO-AHEAD IN 2017. FIRST OIL IS SCHEDULED FOR 2022​.‍CAPITAL EXPENDITURES FOR JOHAN CASTBERG ARE ESTIMATED AT SOME NOK 49 BILLION​.‍COSTS OF OPERATING FIELD ARE ESTIMATED AT SOME NOK 1.15 BILLION PER YEAR​.‍THIS WILL REPRESENT ABOUT 1700 MAN-YEARS NATIONWIDE, SOME 500 OF WHICH WILL BE LOCATED IN NORTHERN NORWAY. THIS INCLUDES BOTH DIRECT AND INDIRECT EFFECTS​.‍JOHAN CASTBERG WILL BE PRODUCING FOR MORE THAN 30 YEARS​.  Full Article

Aker Solutions wins NOK 4 bln Castberg oilfield orders
Tuesday, 5 Dec 2017 01:21am EST 

Dec 5 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS JOHAN CASTBERG ORDERS TOTALING ABOUT NOK 4 BILLION ($481.17 million).‍WILL SUPPLY SUBSEA PRODUCTION SYSTEM AND DESIGN TOPSIDE OF FLOATING PRODUCTION, STORAGE AND OFFLOADING (FPSO) FACILITY, WHICH WILL BE LARGEST-EVER OF ITS KIND OFFSHORE NORWAY​.‍TOTAL VALUE OF WORK IS ABOUT NOK 4 BILLION AND WILL BE BOOKED IN FOURTH-QUARTER ORDERS​.‍SUBSEA PRODUCTION SYSTEM WILL CONSIST OF 30 WELLS WITH VERTICAL SUBSEA TREES, WELLHEADS, CONTROL SYSTEMS, 10 TEMPLATES AND MANIFOLDS, TWO SATELLITE STRUCTURES AND TOOLING​.‍SYSTEM WAS ORDERED BY STATOIL AS PART OF A FRAMEWORK AGREEMENT AWARDED TODAY​.‍WORK ON SYSTEM WILL START THIS MONTH AND INVOLVE FACILITIES IN NORWAY, UK, INDIA, MALAYSIA AND BRAZIL​.‍INITIAL DELIVERIES ARE SCHEDULED FOR Q2 OF 2019 WITH FINAL DELIVERY IN FIRST HALF OF 2023​.‍FPSO AGREEMENT COVERS ENGINEERING, PROCUREMENT AND MANAGEMENT ASSISTANCE FOR DETAILED DESIGN OF JOHAN CASTBERG TOPSIDE​.‍ORDER COMES AFTER STATOIL EXERCISED AN OPTION IN A 2013 ENGINEERING CONTRACT FOR JOHAN CASTBERG​.‍WORK HAS ALREADY STARTED AND WILL BE CARRIED OUT BY AKER SOLUTIONS IN NORWAY AND INDIA. DETAILED DESIGN IS SET TO BE COMPLETED IN 2019​.  Full Article

Norway's Statoil wins onshore license in Argentina
Thursday, 30 Nov 2017 03:08am EST 

Nov 30 (Reuters) - Statoil Asa ::STATOIL: STATOIL AWARDED EXPLORATION LICENSE ONSHORE ARGENTINA - STATOIL AWARDED EXPLORATION LICENSE ONSHORE ARGENTINA - STATOIL.COM.‍STATOIL WILL OPERATE LICENSE WITH A 90 % WORKING INTEREST, WITH GAS Y PETRÓLEO DEL NEUQUÉN (GYP) RETAINING A 10 % INTEREST​.‍HAS BEEN AWARDED BAJO DEL TORO ESTE EXPLORATION LICENSE AS OPERATOR IN NEUQUÉN BASIN​.‍WITH BAJO DEL TORO ESTE LICENCE AWARD WE ARE BUILDING OUR LIGHT OIL POSITION IN A WORLD-CLASS UNCONVENTIONAL RESOURCE PLAY, VACA MUERTA FORMATION​.  Full Article

Eni says no date set for restart of its Goliat oilfield
Tuesday, 28 Nov 2017 08:07am EST 

Nov 28 (Reuters) - Eni ::ENI SPOKESMAN IN NORWAY SAYS COMPANY HAS "GOOD AND CONSTRUCTIVE" DIALOGUE WITH SAFETY AUTHORITY ON THE SITUATION AT ITS ARCTIC GOLIAT FIELD, BUT NO RESTART DATE SET YET.THE 100,000 BARRELS-PER-DAY FIELD HAS BEEN SHUT SINCE OCT. 6 AFTER NORWAY'S PETROLEUM SAFETY AUTHORITY ORDERED ITS CLOSURE DUE TO SAFETY CONCERNS. nL8N1NJ3HC.  Full Article

Statoil awards battery contract for Hywind Scotland​ wind turbines
Tuesday, 28 Nov 2017 05:30am EST 

Nov 28 (Reuters) - Statoil Asa ::STATOIL: STATOIL AWARDS BATTERY CONTRACT IN BATWIND PROJECT - STATOIL AWARDS BATTERY CONTRACT IN BATWIND PROJECT - STATOIL.COM.‍HYWIND SCOTLAND, WORLD'S FIRST FLOATING WIND FARM, WILL NEXT YEAR BE EQUIPPED WITH A BATTERY TO STORE POWER FROM WIND FARM​.‍PURPOSE IS TO "TEACH" BATTERY WHEN TO HOLD BACK AND STORE ELECTRICITY, AND WHEN SEND POWER TO GRID, THUS INCREASING VALUE OF POWER​.‍STATOIL NOW HAS AWARDED A CONTRACT TO YOUNICOS TO DELIVER A 1MW BATTERY SYSTEM THAT WILL BE CONNECTED TO HYWIND SCOTLAND​.‍STORAGE SOLUTION PROJECT, NAMED BATWIND, WILL BE OPERATIONAL FROM Q2 2018​.‍THIS IS FIRST BATTERY STORAGE SYSTEM CONNECTED TO A FLOATING WIND FARM. BATWIND IS A PARTNERSHIP BETWEEN STATOIL AND MASDAR​.  Full Article

Statoil launches Norway operations centre to boost performance
Tuesday, 28 Nov 2017 01:07am EST 

Nov 28 (Reuters) - Statoil Asa ::NEW ONSHORE INTEGRATED OPERATIONS CENTRE TO BE ESTABLISHED IN 2018, AIMED AT CAPTURING ADDITIONAL VALUE ON THE NCS.AIMS TO ADD VALUE, CUT EMISSIONS, BOOST SAFETY ON NORWEGIAN CONTINENTAL SHELF.‍OUR AMBITION IS THAT INCREASE IN PRODUCTION FROM OUR OPERATED FIELDS COULD LEAD TO A TOTAL ANNUAL VALUE CREATION OF AROUND NOK 10 BILLION ($1.23 BILLION) BEFORE TAX​.‍AN INTEGRATED OPERATIONS CENTRE (IOC) IS AN IMPORTANT STEP IN STATOIL'S DIGITAL ROADMAP, AND WILL ENABLE INCREASED PRODUCTION EFFICIENCY AND PRODUCTION POTENTIAL ON NCS​.  Full Article

Statoil to buy Martin Linge, Garantiana stakes from Total in $1.45 bln deal
Monday, 27 Nov 2017 02:36am EST 

Nov 27 (Reuters) - Statoil Asa ::STATOIL: STATOIL TAKES OVER OPERATORSHIPS AND EQUITY IN THE MARTIN LINGE FIELD AND GARANTIANA.‍MARTIN LINGE IS AN OIL AND GAS FIELD UNDER DEVELOPMENT WEST OF OSEBERG FIELD IN NORTH SEA​.‍STATOIL AND TOTAL HAVE AGREED ON A TRANSACTION WHEREBY STATOIL WILL ACQUIRE TOTAL'S EQUITY STAKES IN MARTIN LINGE FIELD (51%) AND GARANTIANA DISCOVERY (40%) ON NORWEGIAN CONTINENTAL SHELF​.‍STATOIL WILL TAKE OVER BOTH OPERATORSHIPS AND PAY TOTAL A CONSIDERATION OF USD 1.45 BILLION​.‍AS A RESULT OF TRANSACTION, STATOIL WILL ALSO RECEIVE REMAINING TAX BALANCES WITH A NOMINAL POST-TAX VALUE OF MORE THAN USD 1 BILLION​.‍TRANSACTION ADDS COMPETITIVE GROWTH ASSETS TO OUR PORTFOLIO ON NORWEGIAN CONTINENTAL SHELF​.‍MARTIN LINGE PROJECT FEATURES INNOVATIVE SOLUTIONS TO ENHANCE SAFETY, CAPTURE VALUE AND REDUCE EMISSIONS, IN LINE WITH OUR STRATEGY​.‍BY LEVERAGING STATOIL'S OPERATIONAL EXPERIENCE AND EXISTING CONTRACTS, WE CAN REALISE ADDITIONAL OPPORTUNITIES AND SYNERGIES FROM THESE ASSETS​.‍EXPECTED PRODUCTION LIFETIME EXTENDS INTO 2030S​.‍CURRENT OPERATOR EXPECTS START OF PRODUCTION IN FIRST HALF OF 2019​.‍RECOVERABLE RESOURCES HAVE INCREASED SINCE INITIAL PLAN FOR DEVELOPMENT AND OPERATION DUE TO ADDITIONAL RESOURCES DISCOVERED​.‍FOLLOWING COMPLETION OF TRANSACTION, STATOIL WILL INCREASE FROM 19% TO A 70% INTEREST IN FIELD​.  Full Article

Statoil says UK's Dudgeon offshore wind farm officially opened
Wednesday, 22 Nov 2017 04:34am EST 

Nov 22 (Reuters) - Statoil Asa said in a statement::Dudgeon offshore wind farm officially opened​.‍Since investment decision was made in 2014, Dudgeon construction costs have been reduced by more than 15%, from GBP 1.5 billion ($2 billion) to approximately GBP 1.25 billion.All 67 turbines at the 402MW Dudgeon offshore wind farm are now delivering electricity to the UK grid, providing renewable energy to around 410,000 homes​.  Full Article

UPDATE 2-Lacklustre drilling campaign cuts interest in Norwegian oil licensing round

* Firms not applying: Chevron, Conoco, Lukoil, Tullow (Recasts, adds quotes, Castberg field development)