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Statoil ASA (STL.OL)

STL.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BRIEF-Statoil buys stake in major Petrobras oilfield for up to $2.85 bln
5:59am GMT 

Fixes typo in headline:REG-STATOIL ASA ACQUIRES 25% OF THE RONCADOR FIELD IN BRAZIL AND ADVANCES ITS STRATEGIC PARTNERSHIP WITH PETROBRAS TO INCREASE RECOVERY.SAYS TOTAL CONSIDERATION COMPRISES AN INITIAL PAYMENT OF USD 2.35 BILLION, PLUS ADDITIONAL CONTINGENT PAYMENTS OF UP TO USD 550 MILLION.‍TRANSACTION NEARLY TRIPLES STATOIL'S PRODUCTION IN BRAZIL​.‍RONCADOR WAS LARGEST DISCOVERY OFFSHORE BRAZIL IN 1990S AND IS CURRENTLY THIRD LARGEST PRODUCING FIELD IN PETROBRAS' PORTFOLIO WITH MORE THAN 1 BILLION BARRELS OF OIL EQUIVALENT REMAINING.‍AMBITION IS TO INCREASE RECOVERY FACTOR BY AT LEAST 5 PERCENTAGE POINTS​.  Full Article

Aker BP invests NOK 15.5 bln in development of 3 fields off Norway
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Aker Bp Asa ::‍AKER BP ASA (AKER BP) HAS SUBMITTED PLANS FOR DEVELOPMENT AND OPERATIONS (PDOS) FOR VALHALL FLANK WEST, ÆRFUGL (FORMERLY SNADD) AND SKOGUL (FORMERLY STORKLAKKEN) FIELDS TO NORWEGIAN MINISTRY OF PETROLEUM AND ENERGY​.‍TOTAL INVESTMENTS FOR ÆRFUGL DEVELOPMENT ARE ESTIMATED TO NOK 8.5 BILLION - A REDUCTION OF APPROXIMATELY NOK 2 BILLION COMPARED TO PREVIOUSLY COMMUNICATED ESTIMATES​.‍FOR VALHALL FLANK WEST DEVELOPMENT, TOTAL INVESTMENTS ARE NOW ESTIMATED TO NOK 5.5 BILLION, WHICH ALSO REPRESENTS A REDUCTION OF MORE THAN NOK 1.5 BILLION​.‍OVER LIFETIME OF FIELDS, THREE PROJECTS ARE ESTIMATED TO GENERATE TOTAL OIL AND GAS REVENUES OF NOK 100 BILLION (IN REAL TERMS), BASED ON AN OIL PRICE OF USD 60 PER BARREL​.- ‍NET OF INVESTMENTS AND OPERATING COSTS, THIS WILL GIVE TOTAL VALUE CREATION OF NOK 70 BILLION, OF WHICH TAXES TO NORWEGIAN STATE AMOUNT TO NOK 52 BILLION​.‍SMALLER SKOGUL PROJECT IS ESTIMATED TO COST NOK 1.5 BILLION​.  Full Article

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

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 

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 

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 

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 

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 

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 

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 

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

RPT-Petrobras CEO expects $2.9 bln oilfield deal with Statoil to be looked at by Brazilian court

OSLO, Dec 18 A transaction between Statoil and Petrobras that could be worth up to $2.9 billion will likely be scrutinised by Brazil's Federal Court of Accounts (TCU), the CEO of Petrobras said on Monday.