Current STO Stock Info

Statoil renews long-term contracts worth $1.23 billion
Norwegian Statoil (ticker: STO) announced today that the company has renewed long-term contracts with an estimated value of NOK11 billion ($1.23 billion). The contracts are with Beerenberg Corp As and Prezioso Linjebygg AS, and cover insulation, scaffolding and surface treatment services, according to a press release from Statoil.

The two companies will service 20 of Statoil’s 29 installations on the Norwegian continental shelf (NCS) after the contract takes effect later this quarter. ...

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