|Bid||163.30 x 200800|
|Ask||163.50 x 502000|
|Day's Range||162.10 - 163.70|
|52 Week Range||129.30 - 163.70|
|PE Ratio (TTM)||-723.01|
|Forward Dividend & Yield||0.88 (4.64%)|
|1y Target Est||N/A|
Oct.18 -- Eldar Saetre, chief executive officer at Statoil, ASA, discusses global oil demand as he sees prices at the low end of the cycle. He speaks with Bloomberg's Manus Cranny on "Bloomberg Surveillance."
Large corporations world-wide are increasingly turning to robotic software in an effort to cut costs, liberate workers from repetitive tasks and, in many cases, reduce finance-department employee numbers....
In this part, we'll look at Chevron's (CVX) stock price forecast range based on its implied volatility for the ten-day period up to its earnings.
Despite failures in the Barents Sea, oil and gas companies are refusing to give up on exploring what is projected to be a hugely profitable area
It’s been a bad year for oil explorers in Norway’s Arctic: a record campaign in the Barents Sea yielded little; the most exciting well in years proved to be a flop; and Norwegians grew increasingly skeptical ...
The U.S. company has abandoned plans for deep-water exploration wells in the 1,000-mile stretch of ocean off southern Australia, citing low oil prices.
U.S. oil major Chevron Corp has abandoned plans to explore the deep water off Australia's south coast, long seen as a promising prospect, as weak oil prices are making the work hard to justify, the company said on Friday. Chevron's move follows a decision by BP Plc a year ago to walk away from the waters known as the Great Australian Bight, which industry consultants Wood Mackenzie have estimated could hold 1.9 billion barrels of oil equivalent. "While the Great Australian Bight is one of Australia's most prospective frontier hydrocarbon regions, in the current low oil price environment it was not able to compete for capital in Chevron's global portfolio," Chevron said in a statement.
Norway remains among the top 10 places to find oil worlwide, with the Arctic region still having much potential despite recent disappointing exploration results, consultancy firm Wood Mackenzie said on Thursday. Earlier this week Norway's Statoil reported yet another dry well in the Barents sea, some 100 kilometres northwest of the Johan Castberg discovery. "Exploration has been very disappointing over the few past years, the Barents hasn't lived up to expectations.
A recent study suggests that deep water windfarms could meet all of the world’s electricity demand in the future. What’s ahead for wind?
OSLO (Reuters) - Statoil's gas output will be reduced by 5.8 million cubic metres per day from Oct. 12 at 0600 CET (0400 GMT) until Oct. 14 at 0600 CET (0400 GMT), the company said on Wednesday. "Decreased ...
Statoil (STO) explores one discovery, one dry well and one non-commercial find during its exploration campaign off Britain.
OSLO (Reuters) - The outage at Ireland's Corrib gas field is expected to end on Wednesday at 0800 GMT, Norway's Statoil (STL.OL) said in a statement on Tuesday. The Corrib field's output, which has been ...
Statoil (STO) awards twin contracts worth NOK 7 billion for ISO services (insulation, scaffolding and surface treatment) for the NCS.
Norway's Statoil (STL.OL) reported disappointing outcomes from three oil and gas exploration wells on Monday, one in the Norwegian Arctic and two in the British North Sea, while a fourth well in British waters found only moderate quantities. Statoil's failure to strike oil at Norway's Koigen Central capped a disappointing year for the firm in the Barents Sea, where four wells were dry or contained non-commercial volumes, and one found an oil discovery too small to develop on its own. In Britain, Statoil announced its Verbier well had proved 25-130 million barrels of oil (boe), its biggest find outside of Norway this year, while the Mariner Segment 9 found non-commercial volumes and a third well, Jock Scott, was dry.
Total (TOTF.PA), Eni (ENI.MI) and Statoil (STL.OL) are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives crude from the Norwegian Ekofisk fields, part of the global Brent benchmark, banking sources said. The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million (304.69 million pounds), according to the sources.
Statoil's exploration campaign off Britain yielded one discovery, one dry well and one non-commercial discovery this year, the company said on Monday. Results of the Mariner Segment 9 and Jock Scott wells were disappointing, while the third, a sidetrack to Statoil's Verbier well in the outer Moray Firth, proved at least 25 million barrels of oil. "Whilst the results of the other two exploration wells were disappointing, we are convinced of the remaining, high-value potential on the UK continental shelf," Jenny Morris, Statoil's vice president for UK exploration, said in a statement.
Statoil ASA (STO) along with Norwegian subsidiaries of Royal Dutch Shell and Total have ink partnership agreement relating to advancing the development of carbon storage on the NCS.
Norway’s wealth was built on mostly pumping fossil fuels out of the ground. In fact, one of Norway’s sovereign wealth funds is also known as the “Oil Fund.” But now, with global warming raising an alarm, the Norwegian government wants to find ways of making money by putting the resulting carbon-dioxide emissions back underground. It…
Algeria plans to amend its energy law before the end of the year as the OPEC producer tries to attract more foreign investors, a senior source at state energy firm Sonatrach told Reuters. Algeria, a major gas supplier to Europe, wants to boost oil and gas revenues which were hit by a fall in global prices.
Norway has approved the Statoil-operated Snefrid Nord gas development near the Arctic Aasta Hansteen field in the Norwegian Sea, the oil and energy ministry said on Tuesday. The field is estimated to hold ...