Statoil ASA News

Recently, my contrarian side ran a stock screen for beaten-down, Europe-based, defensive securities unduly punished by the ongoing EU debt crisis.

The Laval, Que.-based company has for a second time extended its offer, to June 8 from May 29, for convenience-store chain Statoil Fuel & Retail, a subsidiary of oil company Statoil ASA.

Statoil is planning an aggressive exploration program in the Gulf of Mexico through 2014 and has a large number of prospects spread across this region.

Crude prices fell slowly over the last week but were not particularly volatile. The price fell from $92.21 to its close at $90.86. The stock market increased though, moving inversely to the price of crude.

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

Russian President Vladimir Putin has promised to provide additional tax discounts for the development of the Shtokman Gas Field if necessary, Russian gas giant Gazprom CEO Alexei Miller said on Friday.

Minimum 50% of the Fund's assets are invested in Norway, while the rest is placed in the global equity market.

Statoil together with operator Repsol Sinopec and partner Petrobras confirm the significant potential of the pre-salt block BM-C-33 in the Campos basin offshore Brazil.

President Vladimir Putin speaks with Alexei Miller, CEO of Russian energy supplier Gazprom, during his visit to the Russian Geographical Society in St.

Norwegian oil giant Statoil said Wednesday it has awarded contracts worth 9.4 billion kronor for three new light well intervention, or LWI, vessels from Island Offshore Management and Eide Marine Services.

Statoil has awarded contracts for drilling services on as many as 18 fixed installations on the Norwegian continental shelf .

Vladimir Putin 's energy czar Igor Sechin , who laid the groundwork for $500 billion in potential investments with Western oil companies, is set to push ahead with the plans even after changing jobs under a new government.

Canada's largest operator of convenience stores is disappointed by the response it has received to a proposed expansion into northern Europe.

Canada's largest operator of convenience stores is disappointed by the response it has received to a proposed expansion into northern Europe.

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Crude oil prices fell over the past week. Crude prices declined slowly but steadily during the week, remaining well under $100 per barrel.

Statoil ASA said its Snohvit liquefied natural gas export plant in Norway's Barents Sea has shut down for planned maintenance.

The railway line between Oslo and Bergen was re-opened Tuesday afternoon, after it was blocked by a freight train which got stuck in a snowdrift on Monday.

Statoil was upgraded today by UBS from neutral to buy with a price target of $29.98 as the firm believes that the company's financial and operational performance has improved.

On 15 May 2012 the general meeting in Statoil ASA adopted the annual report and accounts for Statoil ASA for 2011, as proposed by the board of directors.