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Wednesday, April 7, 2010 as of 11:14 AM ET

StatOil ASA

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Statoil ASA, trading as Statoil and formerly known as StatoilHydro, is a Norwegian oil and gas company, formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro.

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Indonesia Awards Oil, Gas Blocks To New Zealand Oil & Gas, Total SA, Statoil

Indonesia has picked the winners for 13 out of 25 oil and gas blocks it opened for bidding earlier this year.

The Ministry of Energy & Mineral Resources said Saturday among the successful bidders is a consortium consisting of New Zealand Oil & Gas Ltd. (NZO.NZ), Bukit Energy Asia Pte. and Surya Buana Lestari, which won the bid for the onshore Bohorok block in North Sumatra.France's Total SA (FP.FR TOT) was named the winner for the offshore Bengkulu-I Mentawai block in Sumatra, and offshore Telen block in the Makassar Strait, the ministry said.Meanwhile, the consortium formed by Norway's Statoil ASA (STL.OS, STO) and Japan's Niko Resources Ltd. (NKO.T, NKRSF) won the offshore Aru block, it said.The ministry added that it failed to attract bidders for 10 blocks, and is still evaluating the bids for one block. However, it didn't provide any details.The government has been actively offering new blocks to boost production. While its gas production is increasing, its crude-oil output has been...

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  1. Statoil Confirms Acceptance Of Bid For Statoil Fuel & Retail

    Norwegian oil and gas major Statoil ASA (STO) said Wednesday that following the pre-acceptance of the cash offer for Statoil Fuel & Retail ASA (SFR.OS) from Alimenta...

  2. Repsol: Exploratory Well In Cuban Waters Is Unsuccessful

    Spanish oil firm Repsol YPF SA (REP.MC) said Friday that an exploratory well in Cuban waters wasn't successful and will be capped.In February, Repsol initiated deep-...

  3. Repsol: Exploratory Well In Cuban Waters Not Successful

    Spanish oil firm Repsol YPF SA (REP.MC) said Friday that an exploratory well in Cuban waters was not successful and will be capped.In February, Repsol initiated deep...

  4. Repsol Says Cuban Offshore Well 'Unsuccessful' -Reuters

    Repsol YPF SA (REP.MC) said the first of three planned wells in Cuban waters was unsuccessful, Reuters reported Friday.A spokesman told Reuters the company is procee...

  5. Cairn Joins Marathon In Cyprus Exploration Bid

    Cairn Energy PLC (CNE.LN) said Thursday it has teamed up with Houston-based Marathon Oil Corp. (MRO) to jointly bid for oil and gas exploration rights in Cyprus, whe...

  6. Statoil Transfers Operatorship Of Vilje Field To Marathon Oil

    Statoil ASA (STL.OS), the Norwegian oil giant, said Wednesday it has transferred operatorship of the Vilje field in the North Sea to Marathon Oil Corp. (MRO).MAIN FA...

  7. Statoil Agrees To Use Seadrill Rig Offshore Newfoundland

    Norwegian oil giant Statoil ASA (STO) said Monday it has reached an agreement to use Seadrill Ltd.'s (SDRL) West Aquarius deepwater drilling rig for oil and gas expl...

  8. Statoil To Drill Barents Sea; Johan Sverdrup To Produce In 2018

    Norwegian oil giant Statoil ASA (STO) said Thursday it is launching an exploration drilling campaign in the Skrugard area of the Barents Sea, and also revealed that ...

  9. E.ON Warns Energy Markets Remain In Difficult Turf

    German utility E.ON AG (EOAN.XE) Wednesday confirmed its outlook for rising profits in this year and next, after reporting stronger than expected preliminary first-q...

  10. Statoil Production +11% On Year; Expects Higher Oil Price

    Norwegian oil giant Statoil ASA (STO) said Tuesday its production had risen 11.3% on the year in the first quarter, as it posted lower first-quarter earnings on the ...

  11. Statoil Profit Falls; Company Expects $17 Billion Capex In 2012

    Norwegian oil giant Statoil ASA (STO) said Tuesday it expects capital expenditures of around $17 billion in 2012, as it posted lower first-quarter earnings on the ye...

  12. Rosneft, Statoil Sign Deal On Developing Fields In Arctic

    Norway's Statoil ASA (STO, STL.OS) signed Saturday a potential $100 billion cooperation agreement with Russian state oil company Rosneft (ROSN.RS) to develop Russia'...

  1. Putin Urges Statoil To Be More Active At Shtokman Project

    Russia's President Vladimir Putin called on Statoil ASA (STO) Friday for activation of the Shtokman liquefied natural gas project off the Russian Arctic Circle, whil...

  2. Statoil May Leave Shtokman, May Be Replaced By Shell -Paper

    Norway's Statoil ASA (STO) may leave the international consortium that is to develop the Shtokman liquefied natural gas offshore project in the Russian Barents Sea a...

  3. General Electric To Invest BRL500 Million In Brazil Technology Center

    General Electric Co. (GE) said Thursday it will invest 500 million reais ($245.5 million) in a research-and-development center in Rio de Janeiro.The center, which sh...

  4. Brazil Petrobras Estimates BM-C-33 Block Holds 700 Million Bbl Crude Oil

    Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, confirmed Thursday estimates for a Campos Basin offshore block that holds recover...

  5. Statoil Moves To Ship North Sea Oil To South Korea - Source

    Statoil ASA (STO) is the latest company to look to send North Sea oil to South Korea in June as part of an increasingly common trade that until last year was virtual...

  6. Major UK Investor Pressures Shale Gas Industry On Emissions

    One of Europe's largest institutional investors, Scottish Widows Investment Partnership, Wednesday warned the fast growing shale gas industry to do more to prevent t...

  7. Statoil Awards NOK9.4 Billion Contracts For Well Intervention Vessels

    Norwegian oil giant Statoil (STO) said Wednesday it has awarded contracts worth 9.4 billion kronor ($1.58 billion) for three new light well intervention, or LWI, ves...

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