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 | Oilprice.com - oilprice.com |
| Why The Next Oil Boom Will Be Fueled By Blockchain |
| Big Oil is due for a disruption.
The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long.
But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector.
It’s official: Blockchain technology has infiltrated Big Oil.
The hype behind blockchain has reached a full-blown frenzy. And for good reason.
The technology, which creates secure ledgers for digital transactions and rapidly acceleSaturday, February 24, 2018 |
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| SRSrocco - SRSRocco Report |
| WARNING: Markets Reaching Extreme Leverage |
| As investors’ bullish sentiment moves up to euphoric levels, the markets are reaching extreme leverage. This is terrible news because a lot of people are going to lose one heck of a lot of money. According to CNN Money’s Fear & Greed Index, the market is now at the “extreme greed” level and if we go by Yardeni Research on “Investor Intelligence Bull-Bear Ratio,” it’s also at the highest ratio in 30 years.But, of course… this time is different. Or is it? I continue to receive emails and commeSunday, January 21, 2018 |
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| Oilprice.com - oilprice.com |
| Forget Oil Prices, Oil Majors Are A Buy |
| Oil stocks have been performing dismally this year, and oil prices have failed to sustain a rally, so why are these stocks still attractive? Low valuations and high dividend yields, say analysts.
Supermajor oil companies are living a new reality that is based on new profits in a forever-low oil price environment—and globally, analysts say, the oil sector is a great investment.
Value has returned, because international oil giants have adapted.
The initial enthusiasm over OPEC’s production cut deTuesday, August 22, 2017 |
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| 24hGold - Publicnow |
| Submitting PDO for Byrding (previously Astero) |
| The development will boost activity and production on the Troll C platform.
(Photo: Øyvind Hagen)
Torger Rød
Capital expenditures estimated at approximately NOK 1 billion, recoverable volumes are projected at approx. 11 million barrels of oil equivalent.
'This is another example of a new discovery being realised through existing infrastructure,' says Torger Rød, Statoil's senior vice president for project development.
The Byrding development includes a duo-lateral well drilled from thFriday, August 19, 2016 |
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| 24hGold - Publicnow |
| OIL Statoil acquires operated interest in Brazilian offshore licence containing a substantial part of the Carcará pre-salt oil discovery |
| Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras ('Petrobras') (BVMF: PETR4, NYSE:PBR) have agreed that Statoil will acquire Petrobras' 66% operated interest of the BM-S-8 offshore licence in Brazil's highly prolific Santos basin. The acquisition includes a substantial part of the Carcará oil discovery, one of the largest discoveries in the world in recent years.
Carcará was discovered in 2012, on the geological trend of the nearby Lula field and Libra area. It is a worFriday, July 29, 2016 |
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| 24hGold - Associated Press |
| OIL Lower oil prices push Norway's Statoil to Q2 loss |
| COPENHAGEN, Denmark (AP) -- Norwegian oil and gas company Statoil ASA posted a loss in the second quarter, pushing it to rein in investment this year.
The state-controlled company on Wednesday reported a net loss of $302 million, from a profit of $866 million for the same period a year ago. Revenue dropped to $10.9 billion from $17.4 million a year earlier.
CEO Eldar Saetre wrote that the company would lower its capital expenses and exploration forecasts this Wednesday, July 27, 2016 |
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| 24hGold - Associated Press |
| OIL Lower oil prices push Norway's Statoil to Q2 loss |
| COPENHAGEN, Denmark (AP) -- Norwegian oil and gas company Statoil ASA posted a loss in the second quarter, pushing it to rein in investment this year.
The state-controlled company on Wednesday reported a net loss of $302 million, from a profit of $866 million for the same period a year ago. Revenue dropped to $10.9 billion from $17.4 million a year earlier.
CEO Eldar Saetre wrote that the company would lower its capital expenses and exploration forecasts this Wednesday, July 27, 2016 |
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| 24hGold - Associated Press |
| OIL Statoil reports 2Q loss |
| STAVANGER, Norway (AP) _ Statoil ASA (STO) on Wednesday reported a second-quarter loss of $307 million, after reporting a profit in the same period a year earlier.
The Stavanger, Norway-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring costs, were 1 cent per share.
The oil and gas company posted revenue of $10.9 billion in the period.
Statoil shares have increased 19 percent since the beginning of the Wednesday, July 27, 2016 |
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| 24hGold - Associated Press |
| OIL Statoil reports 2Q loss |
| STAVANGER, Norway (AP) _ Statoil ASA (STO) on Wednesday reported a second-quarter loss of $307 million, after reporting a profit in the same period a year earlier.
The Stavanger, Norway-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring costs, were 1 cent per share.
The oil and gas company posted revenue of $10.9 billion in the period.
Statoil shares have increased 19 percent since the beginning of the Wednesday, July 27, 2016 |
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| 24hGold - Publicnow |
| 2016 second quarter results |
| The second quarter was characterised by
Solid operational performance - while financial results are affected by low prices
Maintaining production guiding - lowering 2016 capex and exploration guidance
Continued focus on strict capital discipline
'We delivered solid operational performance with strong production growth and progress on project development and execution. Our financial results were affected by low oil and gas prices in the quarter,' says Eldar Sætre, President and CEO of SWednesday, July 27, 2016 |
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| 24hGold - Publicnow |
| Report for the 2nd quarter 2016 and the 1st half year 2016 |
| 07/14/2016
Figures in USD
FRED.OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 143 MILLION FOR THE 2nd QUARTER 2016 AND 282 MILLION FOFR THE FIRST HALF YEAR 2016.
HIGHTLIGHTS FOR THE 2nd QUARTER 2016
Revenues were 219 million
EBITDA was 143 million
Impairment of 159 million
Operating profit (EBIT) was negative 96 million
Profit before tax was negative 107 million
Earnings per share were negative 1.7
Repayment of bond loan FOE 04 in May 2016
Thursday, July 14, 2016 |
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| 24hGold - Publicnow |
| OIL Statoil completes divestment of Marcellus assets in West Virginia |
| Read this announcement
Click here to read the original version at the source's official website. The text of this announcement is not available at the moment.Monday, July 11, 2016 |
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| 24hGold - Publicnow |
| Songa Offshore SE : June fleet update |
| Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway.
Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway. The previously announced suspension for the rig is currently estimated to be from 20 July to 20 August 2016.
Songa Trym is currently stacked, while marketed for new employment.
Songa Equinox achieved an operational efficiency Wednesday, July 6, 2016 |
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| 24hGold - Publicnow |
| DeepWell secures major contract with Statoil |
| DeepWell has secured a long-term contract for provision of mechanical wireline services to Statoil. The contract value for the firm period, including options for add-on services, is estimated to exceed NOK 1 billion over a four-year period, or more than NOK 2 billion if option periods are included.
DeepWell's existing contract with Statoil dates back to 2009. The new contract secures activity and visibility for DeepWell and its employees for the next decade. The contract covers provision of meTuesday, July 5, 2016 |
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| 24hGold - Publicnow |
| OIL Statoil completes transaction with Lundin |
| The transaction also included the divestment of associated pipeline interests and a cash consideration of approximately USD 64 million . In exchange, Statoil has received 31,316,115 new shares and treasury shares in Lundin Petroleum.
The transaction was approved by Lundin Petroleum AB's Extraordinary General Meeting on 30 May 2016 and has received the required authority approvals.
Following completion of the transaction Statoil will own approximately 68.4 million shares of Lundin Petroleum, Thursday, June 30, 2016 |
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| 24hGold - Publicnow |
| Trading Statement and Operational Update |
| Published on: 30 June 2016
Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial half year to 30 June 2016.
This is in advance of the Group's Half Year Results, which are scheduled for release on Wednesday 27 July 2016. The information contained herein has not been audited and may be subject to further review and amendment.
TEN project remains on schedule; First oil expected within the next threeThursday, June 30, 2016 |
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| 24hGold - Publicnow |
| OIL Statoil completes transaction in UK licence for Utgard field |
| Sleipner field North Sea. (Photo: Øyvind Hagen / Statoil)
Through this transaction Statoil now has a 100% interest in UK Continental Shelf licence P312 which, with Norwegian Continental Shelf licence PL046, comprises the Utgard field. Statoil previously acquired stakes in P312 from First Oil in October 2015 and Talisman Sinopec in December 2015. Statoil is the operator in PL046 with a 62% holding.
A final investment decision for Utgard is planned before end-2016 with production start-up in Tuesday, June 28, 2016 |
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| 24hGold - Publicnow |
| Songa Offshore SE : Songa Delta suspended |
| Statoil will suspend the Songa Delta contract after the current well, Slemmestad, in the North Sea. From end June, 2016, the rig will go on 75% suspension rate (USD 277.000 per day). The expected resumption of the work with Statoil is indicated to be mid August 2016.
The overall financial impact is expected to be limited, due to anticipated lower operating expenses in the warm-stacking period.
Limassol, Cyprus
21 June, 2016
For further information, please contact:
Bjørnar Iversen, CEO (+35Tuesday, June 21, 2016 |
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| 24hGold - Publicnow |
| Statoil’s share saving plan allocates shares |
| Read this announcement
Click here to read the original version at the source's official website. The text of this announcement is not available at the moment.Friday, June 17, 2016 |
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| 24hGold - Publicnow |
| OIL Statoil completes efficient exploration drilling campaign offshore Newfoundland |
| The West Hercules drilling rig. (Photos: Ole Jørgen Bratland)
Nine wells were drilled safely and efficiently by the Seadrill West Hercules in the Flemish Pass Basin, located approximately 500 kilometres east of St. John's, Newfoundland and Labrador. The results have improved Statoil's understanding of the frontier Flemish Pass Basin.
The drilling program included four exploration wells in close vicinity of the 2013 Bay du Nord discovery, as well as three appraisal wells on the discovery. InFriday, June 10, 2016 |
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