|Bid||135.00 x 37100|
|Ask||129.60 x 128000|
|Day's Range||128.75 - 131.80|
|52 Week Range||105.20 - 147.60|
|PE Ratio (TTM)||109.35|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Norwegian oil companies and their suppliers will hire more people in the coming years as the industry recovers from a slump and the price of crude rises, Norway's Minister of Petroleum and Energy Terje Soeviknes told Reuters on Tuesday. "All evidence points to a significant increase in employment in the oil industry," Soeviknes said on the sidelines of a conference. In late 2017, oil firms presented new field development plans that will trigger billions of dollars of investment, and more plans are on the way in 2018.
OSLO (Reuters) - Norway's Statoil (STL.OL) will extend output from its Snorre oilfield in the North Sea by some 25 years under a 19 billion Norwegian crown (1.69 billion pounds) investment plan announced ...
MILAN/LONDON (Reuters) - European shares fell on Monday as concerns over China weighed on mining stocks and OPEC anticipation dented the oil sector, while financials were led lower by Julius Baer, which tumbled after its chief executive unexpectedly quit to join a rival company. Jitters over China's demand for metals drove mining stocks down 1.2 percent, the worst-performing sector. Tech stocks, the best-performing this year, also tumbled 0.7 percent after a downbeat note from Morgan Stanley on the sector.
Jean Cahuzac, the CEO of oilfield services company Subsea 7, is optimistic that the market environment will improve in early 2018.
Oct 17 (Reuters) - Sapura Energy Bhd * Co & Subsea 7 S.A. mutually agreed to discontinue SapuraAcergy JV * Purchase of Sapura 3000 by group will contribute to Sapuraacergy JV recognising loss in current ...
Oct 17 (Reuters) - Subsea 7 Sa * Discontinuation of SapuraAcergy joint venture * SapuraAcergy's heavy-lift and pipelay vessel, Sapura 3000, has been sold to a subsidiary of Sapura Energy Berhad * The decision ...
Shares in oilfield services firm Subsea 7 (SUBC.OL) rose on Wednesday on an unconfirmed report it had been in talks with Baker Hughes (BHGE.N) about a possible takeover, but that the talks had now ended. A Wall Street Journal report, which quoted anonymous sources, said the discussions broke down over the price but could be revived. Shares in Subsea 7 were up 6.6 percent at 1254 GMT on the report.
Supportive crude prices and strong results from energy firms and auto companies helped European shares rise on Wednesday. The pan-European STOXX 600 ended up 0.5 percent, broadly in line with euro zone stocks and blue-chips , as oil and gas shares gained 0.8 percent and autos climbed 0.6 percent. "Indications are more positive on the outlook for energy stocks, especially for the most geared such as oil services," said Angelo Meda, head of equities at Banor SIM in Milan.
Supportive crude prices and strong results from energy firms and autos companies helped European shares inch higher on Wednesday, while banks were the worst-performing sector as results disappointed. The pan-European STOXX 600 rose 0.6 percent, in line with euro zone stocks and blue-chips, as oil and gas stocks gained 0.7 percent and autos climbed 1 percent.
Supportive crude prices and strong results from energy firms Subsea 7 and Tullow Oil helped European shares inch higher on Wednesday, while banks weighed on index-level gains as investors awaited a Fed policy decision and UK GDP figures. Subsea 7 rose to the top of the STOXX, up 5.2 percent after the oil services firm reported second-quarter earnings above forecasts and lifted its revenue guidance for the year. Tullow Oil gained 3.1 percent after higher output from new fields helped the Africa-focused oil producer to a 46 percent rise in sales revenue to $788 million over the first half, though it also reported impairment charges due to stubbornly low oil prices.
Statoil ASA (STO), along with its partners, has agreed to develop the Snefrid Nord gas discovery in the vicinity of the Aasta Hansteen field in the Norwegian Sea.
A rise in European health stocks helped pull European shares out of negative territory on Thursday, pegged back by the slide in the energy sector on the back of weakened oil prices. The pan-European STOXX 600 index ended the session flat following two days of straight losses, while the blue chips were also flat.
The Zacks Analyst Blog Highlights: Subsea 7 S.A., McDermott International, Repsol S.A. and W&T Offshore
These oil stocks, by virtue of their solid earnings surprise history and favorable Zacks Rank, hold the potential to make investors standout gains.
A move by London-based Subsea 7 to take a stake in Singapore's EMAS Chiyoda Subsea may provide a lifeline to the heavily-indebted oil and gas services firm.
On March 21, 2017, Schlumberger (SLB) announced that BP (BP) awarded SLB’s OneSubSea an engineering, procurement, and construction (or EPC) contract.
BP Plc (BP) recently declared that it has awarded a contract to OneSubsea and U.K.-based Subsea 7 for the development of Mad Dog Phase 2 project in the Gulf of Mexico (GoM).