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Last $21.23 USD
Change Today +0.38 / 1.82%
Volume 3.0M
STO On Other Exchanges
Symbol
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Oslo
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As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Forusbeen 50

Stavanger, 4035

Norway

Phone: 47 51 99 00 00

Fax: 47 51 99 00 50

t, a small heavy oil discovery. The company is the operator and holds an 86% interest. The company operates and holds an 81.6% interest in Bressay. Ireland The company has a 36.5% interest in the Corrib gas field. MRP MPR is responsible for the marketing and trading of crude oil, natural gas, power, emissions, liquids and refined products, for transportation and processing, and for developing business opportunities in renewables. MPR markets the company’s own volumes and the Norwegian SDFI (state's direct financial interest) equity production of crude oil, in addition to third-party volumes, approximately 50 % of all Norwegian liquids exports. MPR is also responsible for marketing SDFI’s gas. MPR operates two refineries, two gas processing plants, one methanol plant and three crude oil terminals. In addition, MPR is responsible for developing transportation solutions for natural gas, liquids and crude oil from the company assets, including pipelines, shipping and rail. Marketing and Trading The marketing and trading business cluster is responsible for the marketing and trading of all the products from the company’s upstream, processing and refining business and represents one of the larger players in the European oil and gas market. Marketing and trading of gas (MR Gas) MT Gas is responsible for Statoil's marketing and trading of natural gas worldwide, for power and emissions trading and for overall gas supply planning and optimisation. In addition, MT Gas is responsible for marketing gas related to the Norwegian SDFI. MT Gas business is conducted from Norway (Stavanger) and from offices in Belgium, the U.K., Germany, Azerbaijan and the U.S. The company transports and markets approximately 70% of all NCS gas and has a growing U.S. gas position. Europe: The major export markets for gas from the NCS are Germany, France, the U.K., Belgium, Italy, the Netherlands and Spain. The company’s main customers are large national or regional gas companies, such as GdF Suez, ENI Gas & Power, British Gas Trading (a subsidiary of Centrica), Rheinisch-Westfalische Elektrizitatswerke and GasTerra. The company is also expanding its marketing of gas to large industrial customers, power producers and local distribution companies, in addition to making spot-market sales. The company’s European gas trading business conducts activities on almost all trading hubs within Europe, mainly focused on the U.K. gas market National Balancing Point (NBP), and on the Title Transfer Facilityin the Netherlands. USA Statoil Natural Gas LLC (SNG), a wholly owned subsidiary, has a gas marketing and trading organization in Stamford, Connecticut, that markets natural gas to local distribution companies, industrial customers and power generators. SNG also markets the gas equity production from Statoil's assets in the U.S. Gulf of Mexico. SNG has entered into gas transportation agreements with Tennessee Gas Pipeline (a subsidiary of Kinder Morgan Inc), and Texas Eastern Transmission (a subsidiary of Spectra Energy Corp), for a total capacity of approximately 2 bcm per year, approximately 205,000 MMBtu/day, enabling Statoil to transport gas from the Northern Marcellus production area to Manhattan, NY. SNG has also entered into a gas transportation agreement with the National Fuel Gas Supply Corporation for a total capacity of 3.2 bcm per year, approx. 320,000 MMBtu/day, enabling the company to transport gas from the Northern Marcellus production area to the U.S./Canadian border at Niagara, providing access to the greater Toronto area in Canada. In addition SNG has long-term capacity contracts with Dominion Resources Inc., which owns the Cove Point LNG re-gasification terminal in Maryland, with a total capacity of 10.4 bcm per year. Azerbaijan The company has completed farm down transactions with BP and SOCAR for the sale of 3.33% and 6.67% respectively in the Shah Deniz Gas Value Chain in 2014. Algeria Statoil has ownership interests in the In Salah gas field. Marketing and trading of liquids MPR is responsible for the sale of the group's and the Norwegian SDFI production of crude oil and

 

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Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.5x
Price/Cash Flow 8.1x
TEV/Sales 0.2x
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