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Statoil ASA (STL.OL)

STL.OL on Oslo Stock Exchange

169.70NOK
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Statoil: 49 pct of shareholders net dividend used to subscribe in dividend issue ​
Thursday, 14 Dec 2017 02:05am EST 

Dec 14 (Reuters) - Statoil Asa ::‍APPROXIMATELY 49% OF SHAREHOLDERS' TOTAL NET DIVIDEND HAVE BEEN USED TO SUBSCRIBE FOR SHARES IN DIVIDEND ISSUE.​.‍SUBSCRIPTION PERIOD EXPIRED ON 4 DECEMBER 2017 AND SUBSCRIPTIONS WERE MADE FOR A TOTAL OF 17,509,536 DIVIDEND SHARES IN DIVIDEND ISSUE, REDUCING DIVIDEND PAYABLE BY APPROXIMATELY USD 335 MILLION FOR COMPANY.​.‍PAYMENT OF CASH DIVIDEND TO HOLDERS OF ORDINARY SHARES ON OSLO BØRS IS EXPECTED TO BE ON OR AROUND 15 DECEMBER 2017. CASH PAYMENT OF DIVIDEND TO HOLDERS OF ADRS IS EXPECTED TO BE ON OR AROUND 18 DECEMBER 2017.​.  Full Article

Statoil awards subsea contracts worth up to NOK 40 bln
Thursday, 14 Dec 2017 01:34am EST 

Dec 14 (Reuters) - Statoil Asa ::‍STATOIL HAS AWARDED NEW SUBSEA MAINTENANCE FRAMEWORK AGREEMENTS TO AKER SOLUTIONS<<>> , TECHNIPFMC<<>> AND ONESUBSEA..CONTRACTS ARE FOR WORK ON THE NORWEGIAN CONTINENTAL SHELF​.‍CONTRACTS HAVE A TOTAL ESTIMATED VALUE OF MORE THAN NOK 8 BILLION AND A DURATION EXTENDING TO 2023.​.‍IN ADDITION, CONTRACTS INCLUDE OPTIONS FOR A TOTAL OF 20 YEARS. ESTIMATED TOTAL VALUE WILL BE APPROXIMATELY NOK 40 BILLION, SHOULD ALL OPTIONS WITH ASSUMED SCOPE OF WORK BE EXERCISED.​.‍NEW AGREEMENTS APPLY TO STATOIL-OPERATED SUBSEA WELLS ON NORWEGIAN CONTINENTAL SHELF WITH EQUIPMENT FROM AFOREMENTIONED SUPPLIERS AND INCLUDE MAINTENANCE OF EQUIPMENT BELONGING TO MORE THAN 500 WELLS.​.‍FIGURES INCLUDE PLANNED WELLS IN FIELD DEVELOPMENTS OF JOHAN CASTBERG AND SNORRE EXPANSION PROJECT.​.  Full Article

Aker Solutions books Statoil contract of at least NOK 3 bln​
Thursday, 14 Dec 2017 01:19am EST 

Dec 14 (Reuters) - Aker Solutions ::REG-AKER SOLUTIONS SECURES SUBSEA SERVICES AGREEMENT WITH STATOIL.‍CONTRACT HAS A FIXED PERIOD OF FIVE YEARS, STARTING IN Q1 OF 2018, AND CONTAINS FIVE FOUR-YEAR EXTENSION OPTIONS.​.‍ITS VALUE DEPENDS ON AMOUNT OF WORK ORDERED BY STATOIL UNDER AGREEMENT. THIS IS CURRENTLY ESTIMATED AT ABOUT NOK 3 BILLION FOR FIXED PERIOD AND WILL BE BOOKED IN FOURTH-QUARTER ORDERS.​.  Full Article

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

Statkraft sells Sheringham Shoal wind farm stake to UK's Equitix

Dec 14 Norway's state-owned power firm Statkraft said on Thursday it had agreed to sell its stake in the Sheringham Shoal offshore wind farm to UK fund manager Equitix.