Oil – Bloomberg reported that the oilfield of the future could be found 2 miles underwater as major oil companies are now investing more and more money to operate undersea. Spending on valves, cables, and pipelines for subsea use could reach up to $13.9B and equipment makers are positioned to gain from it.
Articles Tagged "statoil"
Oil – Reuters reported that Arctic oil production pioneer, Statoil, will spend as much as $16.3 billion for the construction of a new oil hub in the northern tip of Europe.
Gas – The Financial Post reported that in order to assess the feasibility of developing a facility to export liquid natural gas from Tanzania, Statoil Tanzania AS has awarded KBR Inc. (NYSE:KBR) a contract to perform pre-front end engineering and design studies.
Oil – Reuters reported that in 2013 Norway's Statoil plans to drill nine exploration wells in the Barents Sea in an attempt to discover more finds like the Skrugard and Havis oilfields.
Oil – Statoil (NYSE:STO) announced its results for the first quarter of 2012.
Oil – International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.
Gas Investing News reports the outlook for natural gas markets with the present global recession around the world. Meanwhile, Russian Prime Minister Vladimir Putin has reassured the world by stressing that his country does not intend to form a natural gas cartel similar to OPEC. However, Russia will hold talks with Iranian and Qatari emissaries today [...]