Last 179.80 NOK
Change Today +0.30 / 0.17%
Volume 2.3M
As of 10:25 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

statoil asa (STL) Snapshot

180.70 NOK
Previous Close
179.50 NOK
Day High
180.70 NOK
Day Low
179.00 NOK
52 Week High
06/24/14 - 195.90 NOK
52 Week Low
09/18/13 - 132.30 NOK
Market Cap
Average Volume 10 Days
20.33 NOK
Shares Outstanding
7.20 NOK
Dividend Yield
Current Stock Chart for STATOIL ASA (STL)

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statoil asa (STL) Details

Statoil ASA, an integrated energy company, is engaged in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company is involved in the exploration, development, and production of crude oil and natural gas, as well as extraction of natural gas liquids in 44 assets in the North Sea, the Norwegian Sea, and the Barents Sea. It also transports, markets, and trades crude oil, natural gas liquids, and refined products, including methanol; and operates, maintains, and develops gas processing plants. In addition, the company develops offshore wind-farms in Northwestern Europe; and develops solutions for carbon capture and storage plant located in Mongstad. It has proved reserves of approximately 5,600 million barrels of oil equivalent. The company was formerly known as StatoilHydro ASA and changed its name to Statoil ASA in November 2009. Statoil ASA was founded in 1972 and is headquartered in Stavanger, Norway.

23,413 Employees
Last Reported Date: 03/21/14
Founded in 1972

statoil asa (STL) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 11.0M NOK
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: 4.1M NOK
Executive Vice President of Development and P...
Total Annual Compensation: 6.7M NOK
Executive Vice President of Exploration
Total Annual Compensation: 4.7M NOK
Executive Vice President for Development & Pr...
Total Annual Compensation: 3.6M NOK
Compensation as of Fiscal Year 2013.

statoil asa (STL) Key Developments

Statoil ASA to Supply Gas for Testing of Lithuania's LNG Terminal

Statoil ASA will supply natural gas for the testing of Lithuania's liquefied natural gas terminal, which is expected to come online in December 2014. The company Litgas will purchase 50 million cubic meters of gas (about 83,000 cubic meters of LNG), or around half the capacity of the Independence, the FSRU built for the facility, from Statoil for testing purposes.

Statoil ASA Enters into Agreement with DNV GL

Statoil ASA has signed an agreement with DNV GL to establish an industrial cooperation to introduce an industry standard for subsea process technology. DNV GL will lead a joint industry project (JIP) with important subsea operators to find industrial standards which will make it more profitable to develop larger projects with subsea processing technology. Subsea developments are characterized by tailor-made solutions. Subsea pumps have been used in many oil fields, and the first subsea compression systems will be installed in 2014 to increase gas production from the Asgard and Gullfaks fields. By standardizing tie-in technology and module sizes it will be easier to combine different types of technology and modules to adapt developments to project needs. The cooperation project should be set up by the end of the first quarter in 2015. The standards to be established should be so-called open standards, meaning that this is technology which all suppliers may use, without special rights.

Statoil and Repsol Agreed to a Farm-In Agreement

Statoil ASA and Repsol ASA agreed to a farm-in agreement where, Statoil will acquire stakes in 2 of Repsol's offshore Colombian licenses. It will acquire a 10% equity stake in Tayrona and a 20% stake in the Guajira Offshore region. The Tayrona license is operated by Petroleo Brasileiro Petrobras SA, which holds a 40% stake in the offshore license. It includes an exploratory well called Orca-1. Repsol held a 30% stake prior to the farm-in agreement, however it is giving up 10% in the license. Repsol will hold a 20% stake. The remaining 30% stake in the Tayrona license is owned by Ecopetrol S.A. The acreage covered is 3.9 million acres with a depth of 4,920 feet. The license of Guajira Offshore 1 is operated Repsol. Before the agreement with Statoil, Repsol and Ecopetrol had a 50% stake in the license. The Guajira Offshore covers acreage of 2.9 million acres and has a depth ranging from 4,920 to 11,480 feet. The company had concluded a 2D seismic survey of the licensed region and a 3D seismic survey. The farm-in agreements are subject to approval from the regulatory authority in Colombia.


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