Top 5 Oil Companies For 2015

It seems that Apple (NASDAQ: AAPL  ) investors were right to disregard reports last week that primary assembler Foxconn saw a troubling 19% drop in sales, presumably related to “weak demand” for the iPhone.

Both The Wall Street Journal and Bloomberg are reporting today that Foxconn has resumed hiring in its factories as it starts to ramp up iPhone production. The contract manufacturer had instituted a hiring freeze in February, which bears jumped all over. Initially, the freeze was similarly pegged to “weakening demand,” but it could actually be considered evidence of improvements in Apple’s labor supply chain that were causing workers to stick around longer.

Regardless, the freeze has been ended and Foxconn has put its “Help Wanted” sign back up. The reports specifically note that the hiring is in response to “Apple’s request to boost capacity.” Foxconn has added roughly 10,000 workers at its facility in Zhengzhou, which only produces iPhones according to Apple’s supplier list.

Top 5 Oil Companies For 2015: Denbury Resources Inc (DNR)

Denbury Resources Inc., incorporated in 1951, is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.9 million barrel of oil equivalent of proved oil and natural gas reserves, of which 77% was oil. The Company’s oil and natural gas properties are concentrated in the Gulf Coast and Rocky Mountain regions in the United States. As of December 31, 2011, the Company’s properties with proved and producing reserves in the Gulf Coast region were situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region were primarily situated in Montana, North Dakota, Utah and Wyoming. In April 2012, it sold certain non-operated assets in the Greater Aneth Field in the Paradox Basin of Utah to Resolute Energy Corporation and the Navajo Nation Oil and Gas Company. In December 2012, the Company closed its first phase of its previously announced Bakken sale and asset exchange with Exxon Mobil Corporation and its wholly owned subsidi ary XTO Energy Inc. In March 2013, it announced the closing of acquisition of producing property interests in the Cedar Creek Anticline (CCA) of Montana and North Dakota.

The Company’s CO2 source, Jackson Dome is located near Jackson, Mississipp. In addition to the proved reserves, it has an additional 2.5 trillion cubic feet of probable CO2 reserves at Jackson Dome. As of December 31, 2011, there have been 13 structures drilled within the Jackson Dome area and only one has not been productive. In addition to using CO2 for the Company’s Gulf Coast tertiary operations, it sells CO2 to third-party industrial users under long-term contracts and has three CO2 volumetric production payment contracts (VPPs). Approximately 91% of its average daily CO2 production during the year ended December 31, 2011 was used in its tertiary recovery operations on its own behalf and on behalf of other working interest owners in recovery fields, with the balance delivered to third -party industrial users. During 2011, the Company sold an av! erage of 89 million cubic feet per day of CO2 to commercial users, and the Company used an average of 920 million cubic feet per day for its tertiary activities.

In Eastern Mississippi properties, the Company has four tertiary operations (Soso, Martinville, Eucutta and Heidelberg Fields). The majority of the conventional oil production at Heidelberg is from waterflood units that produce from the Eutaw formation (at approximately 4,400 feet). The Company has converted all of the waterflood units in West Heidelberg to CO2 enhanced oil recovery (EOR). As of December 31, 2011, the Company either owned, or controlled through long-term financing leases, approximately 864 miles of CO2 pipelines in the Gulf Coast region. In addition to the NEJD CO2pipeline, the major pipelines are the Free State Pipeline (90 miles), the Delta Pipeline (110 miles) and the Green Pipeline (325 miles).

The Company’s primary Rocky Mountain CO2 source, Riley Ridge is located i n southwestern Wyoming. The gas composition from Riley Ridge is approximately 65% CO2, 19% natural gas, 5% hydrogen sulfide (H2S), 0.6% helium, and the remainder other gases. As of December 31, 2011, its interest in Riley Ridge and minor surrounding acreage contained net proved reserves of 415 billion cubic feet of natural gas and 2.2 trillion cubic feet of CO2 reserves. Bell Creek Field is located in southeast Montana. Cedar Creek Anticline (CCA) is primarily located in Montana. CCA is a series of 10 producing oil units. During 2011, the Company fracture stimulated 31 operated wells in the Bakken and four wells in the Selma Chalk utilizing water-based fluids.

Advisors’ Opinion:

  • [By Johanna Bennett]

    Denbury Resources (DNR) shares dropped 5.9% after oil-and-natural-gas explorer on Sunday announced that it will initiate quarterly dividend and raised its share repurchase plan to $250 million from the $109 million remaining in its program.

  • [By Claudia Assis]

    Denbury Resources Inc. (DNR)  declined 5.5%.

Top 5 Oil Companies For 2015: Transdigm Group Incorporated(TDG)

TransDigm Group Incorporated designs, produces, and supplies engineered aircraft components for use on commercial and military aircraft principally in the United States. The company?s products include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, pumps and valves, power conditioning devices, AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, cockpit displays, aircraft audio systems, lavatory components, engineered interior surfaces, and lighting and control technology. Its customers comprise distributors of aerospace components; commercial airlines, including national and regional airlines; commercial transport and regional and business aircraft original equipment manufacturers (OEMs); various armed forces of the United States and foreign governments; defense OEMs; system suppliers; and various other industrial customers. TransDigm Group Incorporated was founded in 1993 and is based in Cleveland, Ohio.

Advisors’ Opinion:

  • [By Brendan Mathews]

    We asked which current CEOs fit the Outsiders mold. Thorndike reeled off a short list of names, but he started with Michael Pearson of Valeant Pharmaceuticals  (NYSE: VRX  ) . He went on to mention Nicholas Howley of TransDigm Group  (NYSE: TDG  ) , and Rich Kinder of Kinder Morgan  (NYSE: KMI  ) . 

  • [By Rich Smith]

    Cleveland-based TransDigm Group (NYSE: TDG  ) is buying a piece of GE.

    On Friday, as trading wound down for the week, TransDigm announced a deal to buy the Electromechanical Actuation Division of General Electric (NYSE: GE  ) Aviation for $150 million, cash. The business, which makes proprietary, highly engineered aerospace electromechanical motion control subsystems for civil and military applications, counts all three of the world’s biggest airplane manufacturers — Boeing, Airbus, and Brazil’s Embraer — among its clients, and Sikorsky and General Atomics, as well, on the military side.

  • [By Eric Volkman]

    TransDigm (NYSE: TDG  ) is rewarding its shareholders mightily with an extraordinary payout. The company has declared a special dividend of $22.00 per share, which will be paid on July 25 to shareholders of record as of July 15.

  • [By Seth Jayson]

    Calling all cash flows
    When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on TransDigm Group (NYSE: TDG  ) , whose recent revenue and earnings are plotted below.

Top 5 Oil Companies For 2015: Imperial Oil Limited(IMO)

Imperial Oil Limited engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment engages in the exploration and production of conventional crude oil, natural gas, synthetic oil, and bitumen primarily in the Western Provinces, the Canada Lands, and the Atlantic Offshore. Its primary conventional oil producing asset includes the Norman Wells oil field in the Northwest Territories. The Downstream segment engages in the transportation and refining of crude oil, as well as blending, distribution, and marketing of refined products. It owns and operates crude oil, and natural gas liquids and products pipelines in Alberta, Manitoba, and Ontario. The Chemical segment engages in the manufacture and marketing of various petrochemicals, including ethylene, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. As of De cember 31, 2010, Imperial Oil Limited had 1,204 million oil-equivalent barrels of proved undeveloped reserves; maintained a nation-wide distribution system, including 24 primary terminals, to handle bulk and packaged petroleum products moving from refineries to market by pipeline, tanker, rail, and road transport; and sold petroleum products through 1,850 Esso retail service stations, of which approximately 510 were company owned or leased. The company was founded in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited operates as a subsidiary of Exxon Mobil Corporation.

Advisors’ Opinion:

  • [By Aaron Levitt]

    Ten of Exxon’s major projects are expected to begin pumping energy throughout this year. These include expansions of Imperial Oil’s (IMO) oil sands production in Canada, new deepwater wells in the Gulf of Mexico as well as finally seeing production from its partnership in Russia. XOM  will start producing oil from the largest offshore oil and gas platform in that nation within a few months. These projects will add about 300,000 barrels per oil equivalent per day to Exxon’s production.

  • [By Aaron Levitt]

    For Imperial Oil (IMO), it’s good to have friends in high places. In this case, we’re talking about Exxon’s (XOM) 70% stake in the Canadian integrated oil firm. That relationship has provided plenty of capital and technological know-how to produce plenty of crude oil and natural gas via conventional and unconventional means.

  • [By Vanin Aegea]

    Two companies that have been around for some time now are Imperial Oil (IMO) and Pembina Pipeline (PBA). Political instability in the Middle East has also given an extra relevance to the reserves found at this region, so let us see what the future holds and what gurus think of them.

  • [By Arjun Sreekumar]

    Cost overruns and abandoned projects
    As a result of these factors, cost overruns have become quite common in Alberta. For instance, Imperial Oil (NYSEMKT: IMO  ) said it exceeded its cost estimates for the first phase of its Kearl bitumen mining facility by about C$2 billion. And some companies have even decided to abandon expensive projects altogether.

Top 5 Oil Companies For 2015: Pioneer Energy Services Corp (PES)

Pioneer Energy Services Corp., formerly Pioneer Drilling Company, incorporated in 1979, provides drilling and production services to independent oil and gas exploration and production companies throughout much of the onshore oil and gas producing regions of the United States and internationally in Colombia. The Company operates in two segments: Drilling Services Division and Production Services Division. The Company’s Drilling Services Division provides contract land drilling services. The Company’s Production Services Division provides a range of services to oil and gas exploration and production companies. On December 31, 2011, the Company acquired Go-Coil, LLC.

Drilling Services Division

The Company’s Drilling Services Division provides contract land drilling services with its fleet of 64 drilling rigs in South Texas, East Texas, West Texas, North Dakota, North Texas, Utah, Appalachia and Colombia. As of February 10, 2012, 55 drilling rig s are operating under drilling contracts, 44 of which are under term contracts. In 2011, the Company established its West Texas drilling division location location where it has 18 drilling rigs operating. In addition to its drilling rigs, the Company provides the drilling crews and the ancillary equipment needed to operate its drilling rigs. Its drilling contracts provide for compensation on either a daywork, turnkey or footage basis.

As of February 10, 2012, the Company owned a fleet of 54 trucks and related transportation equipment that it uses to transport its drilling rigs to and from drilling sites. Under daywork drilling contracts, it provides a drilling rig and required personnel to its customer who supervises the drilling of the well. Under a turnkey contract, the Company agrees to drill a well for its customer. It provides technical and engineering services, as well as the equipment and drilling supplies required to drill the well. The Company often sub contracts for related services, such as the provision of cas! ing crews, cementing and well logging. Under footage contracts, it is paid a fixed amount for each foot drilled.

The Company competes with Helmerich & Payne, Inc., Precision Drilling Trust, Patterson-UTI Energy, Inc. and Nabors Industries, Ltd.

Production Services Division

The Company’s Production Services Division provides a range of services to oil and gas exploration and production companies, including well services, wireline, coiled tubing and fishing and rental services. Its production services operations are managed through locations concentrated in the United States onshore oil and gas producing regions in the Gulf Coast, Mid-Continent, Rocky Mountain and Appalachian states. The Company provides its services to a diverse group of oil and gas exploration and production companies. Under well services, it provides rig-based well services, including maintenance of existing wells, workover of existing wells, completion of newly-dril led wells, and plugging and abandonment of wells at the end of their useful lives.

The Company provides wireline services in Texas, Kansas, Colorado, Utah, Montana, North Dakota, Louisiana, West Virginia, Wyoming and Mississippi. The Company’s Coiled tubing is used for a number of horizontal well applications such as milling temporary plugs between frac stages. Its coiled tubing business consists of ten coiled tubing units which are deployed in Texas, Louisiana, Oklahoma and Pennsylvania. The Company’s rental and fishing tool business provides a range of specialized services and equipment that are utilized on a non-routine basis for both drilling and well servicing operations. It provides rental services out of four locations in Texas and Oklahoma. As of February 10, 2012, the Company had a total of 91 well service rigs. Its well service rig fleet consists of eighty-one 550 horsepower rigs, nine 600 horsepower rigs, and one 400 horsepower rig. As of February 10, 2 012, the Company had 109 wireline units in 24 locations.

The Company competes with Key Energy Services, Basic Energy Services, Nabors Industries, Superior Energy Services, Inc,

CC Forbes, Schlumberger Ltd., Halliburton Company, Weatherford International, Baker Hughes, Superior Energy Services, Basic Energy Services, and Key Energy Services, Quail Tools and Knight Oil Tools.

Advisors’ Opinion:

  • [By Lisa Levin]

    Pioneer Energy Services (NYSE: PES) shares reached a new 52-week high of $14.15. Pioneer Energy shares have jumped 96.60% over the past 52 weeks, while the S&P 500 index has gained 20.97% in the same period.

  • [By Lisa Levin]

    Pioneer Energy Services (NYSE: PES) shares touched a new 52-week high of $11.58. Pioneer Energy shares have jumped 40.39% over the past 52 weeks, while the S&P 500 index has gained 21.92% in the same period.

  • [By Lee Jackson]

    Pioneer Energy Services Corp. (NYSE: PES) is another small cap name that could be a huge home run for investors in 2014. The company provides contract land drilling services and production services to independent and oil and gas exploration and production companies in the United States and Colombia. The company operates in two segments, Drilling Services and Production Services. The Deutsche Bank price target is a whopping $14, and the consensus is much lower at $9.50. Pioneer Energy closed Monday at $8

  • [By Seth Jayson]

    Calling all cash flows
    When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on Pioneer Energy Services (NYSE: PES  ) , whose recent revenue and earnings are plotted below.

Top 5 Oil Companies For 2015: Statoil ASA (STO)

Statoil ASA (Statoil), incorporated on September 18, 1972, is an integrated energy company primarily engaged in oil and gas exploration and production activities. As of December 31, 2011, the Company had business operations in 41 countries and territories. Effective from January 1, 2011, the Company’s segments were Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; Fuel & Retail, Other. As of 31 December 2011, the Company had proved reserves of 2,276 million barrels (mmbbl) and 3,150 billion cubic meters (bcm) (equivalent to 17,681 trillion cubic feet (tcf)) of natural gas, corresponding to aggregate proved reserves of 5,426 mmboe. In December 2011, the Company acquired Brigham Exploration Company. On April 14, 2011, Statoil’s formation of a joint venture and sale of 40% of the Peregrino field off the coast of Brazil to the Sinochem Group was closed. With effect from January 2011, Statoil formed a join t venture with PTTEP of Thailand in its oil sands business and, as part of that transaction, sold PTTEP a 40% interest in the leases in Alberta, Canada. Statoil retains 60% ownership and operatorship of the oil sands project. In June 2012, the Company divested its 54% interest in Statoil Fuel & Retail ASA to Alimentation Couche-Tard.

Development and Production Norway

Development and Production Norway (DPN) consists of the Company’s field development and operational activities on the Norwegian continental shelf (NCS). Development and Production Norway is the operator of 44 developed fields on the NCS. Statoil’s equity and entitlement production on the NCS was 1.316 mmboe per day in 2011, which was about 71% of Statoil’s total production. Acting as operator, DPN is responsible for approximately 72% of all oil and gas production on the NCS. In 2011, its average daily production of oil and natural gas liquids (NGL) on the NCS was 693 mboe, while its average daily gas production on the NCS was 99.1 mmcm (3.5 b! illion cubic feet (bcf)). The Company has an ownership interests in exploration acreage throughout the licensed parts of the NCS, both within and outside its production areas. It participates in 227 licenses on the NCS and is the operator for 171 of them. As of 31 December 2011, Statoil had a total of 1,369 mmbbl of proved oil reserves and 444 bcm (15.7 tcf) of proved natural gas reserves on the NCS. Total entitlement liquids and gas production in 2011 amounted to 1,316 mmboe per day.

Statoil’s NCS portfolio consists of licenses in the North Sea, the Norwegian Sea and the Barents Sea. It has organized its production operations into four business clusters: Operations South, Operations North Sea West, Operations North Sea East and Operations North. The Operations South and Operations North Sea West and East clusters cover its licenses in the North Sea. Operations North covers the Company’s licenses in the Norwegian Sea and in the Barents Sea, while partner-opera ted fields cover the entire NCS and are included internally in the Operations South business cluster. During 2011, it two Statoil-operated oil discoveries: the Aldous discovery (PL265) in the North Sea and the Skrugard discovery (PL532) in the Barents Sea. The Aldous Major South discovery in PL265 on the Utsira Height in the Sleipner area is situated 140 kilometers west of Stavanger and 35 kilometers south of the Grane field. The Skrugard discovery is located about 250 kilometers off the coast from the Melkoya LNG plant in Hammerfest.

As of December 31, 2011, the Company’s fields under development included the Gudrun, Valemon, Visund South, Hyme, Stjerne, Vigdis North-East, Skuld, Vilje South, Skarv, and Marulk. In 2011, the Company’s total entitlement oil and NGL production in Norway was 252 mmbbl, and gas production was 36.2 bcm (1,287 bcf). The main producing fields in the Operations South area are Statfjord, Snorre, Tordis, Vigdis, Sleipner and partner- operated fields. Operations North Sea East is a gas area tha! t also co! ntains quantities of oil. The area includes the Troll, Fram, Vega, Oseberg and Tune fields. The Company’s producing fields in the Operations North area are Asgard, Mikkel, Yttergryta, Heidrun, Kristin, Tyrihans, Norne, Urd, Alve, Njord, Snohvit and Morvin.

Development and Production International

Development and Production International (DPI) is responsible for the development and production of oil and gas outside the Norwegian continental shelf (NCS). In 2011, the segment was engaged in production in 12 countries: Canada, the United States, Brazil, Venezuela, Angola, Nigeria, Iran, Algeria, Libya, Azerbaijan, Russia and the United Kingdom. In 2011, DPI produced 28.9% of Statoil’s total equity production of oil and gas. Statoil has exploration licenses in North America (Gulf of Mexico, Canada and Alaska), South America and sub-Saharan Africa (Brazil, Cuba, Suriname, Venezuela, Angola, Mozambique and Tanzania), Middle East and North Africa (Libya a nd Iran) and Europe and Asia (the Faeroes, Greenland, the United Kingdom, Azerbaijan and Indonesia). The main sanctioned development projects in which DPI is involved are in the United States, Angola and Canada. The Brigham Exploration Company acquisition added production of approximately 21 mboe per day (as of December) to Statoil’s production and gave access to 1,500 square kilometers (375,000 acres) in the Bakken and Three Forks formations in the Williston Basin.

The Company has exploration licenses in North America (Gulf of Mexico, Canada and Alaska), South America and sub-Saharan Africa (Brazil, Cuba, Suriname, Venezuela, Angola, Mozambique and Tanzania), Middle East and North Africa (Libya and Iran), and Europe and Asia (the Faroes, Greenland, the United Kingdom, Azerbaijan and Indonesia). It completed 16 wells in 2011. Five were announced as discoveries: the Mukuvo and Lira discoveries in Angola, the Gavea and Peregrino South discovery in Brazil and the Logan discovery in Gulf of Mexico (GoM). Statoil acquired in! terests i! n six new licenses in Indonesia in 2011. Statoil has activities in the United States, with approximately 300 exploration leases in the GoM and 66 in Alaska. It is also an operator and partner in exploration licenses off the coast of Newfoundland in Canada. Statoil is operator and partner in exploration licenses off the coast of Newfoundland (11,138 square kilometers). It has exploration licenses in Brazil, Cuba, Suriname, Venezuela, Angola, Mozambique and Tanzania. The Company has licenses in Libya, Iran, Faroes, Greenland, the United Kingdom, Azerbaijan and Indonesia. In 2011, Statoil’s petroleum production outside Norway amounted to an average of 334 mboe per day of entitlement production and 534 mboe per day of equity production.

The Company has activities in the United States Gulf of Mexico, the Appalachian region, south-west Texas, the Williston Basin, off the East Coast of Canada and in the oil sands of Alberta, Canada. It also has a representative office in Mexico City. Offshore, the Company has production interests in Hibernia and Terra Nova, and interests in two development projects. Its development and production activities in South America and sub-Saharan Africa comprise the Peregrino operatorship in Brazil, the Petrocedeno project in Venezuela, the Agbami offshore field in Nigeria and four Angolan offshore blocks. Statoil’s development and production in the Middle East and North Africa in 2011, primarily encompassed Algeria, Libya, Egypt, Iran and Iraq. The Company’s Development and Production in Europe and Asia primarily comprises Azerbaijan, Russia, United Kingdom and Ireland.

Marketing, Processing and Renewable Energy

Marketing, Processing and Renewable Energy (MPR) is responsible for the transportation, processing, manufacturing, marketing and trading of crude oil, natural gas, liquids and refined products, and for developing business opportunities in renewables. It runs two refineries, t wo gas processing plants, one methanol plant and three crude! oil term! inals. MPR is also responsible for marketing gas supplies originating from the Norwegian state’s direct financial interest (SDFI). In total, it is responsible for marketing approximately 80% of all Norwegian gas exports. In 2011, Statoil sold 36.1 bcm (1.3 tcf) of natural gas from the Norwegian continental shelf (NCS) on its own behalf, in addition to approximately 33.5 bcm (1.2 tcf) of NCS gas on behalf of the Norwegian state. Statoil’s total European gas sales, including third-party gas, amounted to 79.8 bcm (2.9 tcf) in 2011, of which 39.5 bcm (1.4 tcf) was gas sold on behalf of the Norwegian state. The Natural Gas business cluster is responsible for Statoil’s marketing and trading of natural gas worldwide, for power and emissions trading and for overall gas supply planning. In 2011, the Company sold 36.1 bcm (1.3 tcf) of natural gas from the NCS on its own behalf, in addition to approximately 33.5 bcm (1.2 tcf) of NCS gas on behalf of the Norwegian state. Statoil’s total European gas sales, including third-party gas, amounted to 79.8 bcm (2.9 tcf) in 2011, of which 39.5 bcm (1.4 tcf) was gas sold on behalf of the Norwegian state. In addition, it sold 5.5 bcm (0.2 tcf) of gas originating from its international positions, mainly in Azerbaijan and the United States, of which 2.7 bcm (0.1 tcf) was entitlement gas. As technical service provider (TSP), Statoil is responsible for the operation, maintenance and further development of the Karsto gas processing plant on behalf of the operator Gassco.

Statoil is the seller of crude oil, operating from sales offices in Stavanger, Oslo, London, Singapore, Stamford and Calgary and selling and trading crude oil, condensate, NGL and refined products. Statoil holds the lease for the South Riding Point crude oil terminal in the Bahamas, which includes, oil storage as well as loading and unloading facilities. It also operates the Mongstad terminal and has shared ownership with Petoro. The Compan y is a majority owner (79%) and operator of the Mongstad ref! inery in ! Norway, which has a crude oil and condensate distillation capacity of 220,000 barrels per day. It is the sole owner and operator of the Kalundborg refinery in Denmark, which has a crude oil and condensate distillation capacity of 118,000 barrels per day. In addition, it has rights to 10% of production capacity at the Shell-operated refinery in Pernis in the Netherlands, which has a crude oil distillation capacity of 400,000 barrels per day. The Company’s methanol operations consist of an 81.7% interest in the gas-based methanol plant at Tjeldbergodden, Norway, which has a design capacity of 0.95 million tons per year. It also operates the Oseberg Transportation System (36.2% interest), including the Sture crude oil terminal.

Technology, Projects and Drilling

Technology, Projects and Drilling (TPD) is responsible, as a global service provider to Statoil, for delivering projects and wells and for providing support through global expertise, standards and procurement. TPD is also responsible developing and implementing new technological solutions. Statoil’s research and development portfolio is organized in seven programs covering the upstream building blocks. The research and development organization operates and develops laboratories and test facilities and has an academia program that addresses cooperation with universities and research institutes.

Global Strategy and Business Development

Global Strategy and Business Development (GSB) was established in 2011, with its main office in London. GSB sets the direction for Statoil and identifies, develops and delivers opportunities for global growth.

Advisors’ Opinion:

  • [By Vanina Egea]

    The faith of some countries and particular governments is tied to that of resource availability. Such argument has been used to explain Chavez’s rhetoric, and undemocratic practices in the Middle East. It is true that oil and gas reserves do not fully explain either phenomena, but fossil fuels have granted in both occasion a special ingredient. Oil and gas reserves have also been the backbone of for development of many traditionally democratic countries, some of which found themselves in great trouble after World War II. One of those cases is Norway, where oil and gas discoveries have allowed for the continuation of a democratic regime, where important social policies share the profits made by an unregulated market. Nonetheless, Statoil (STO) remains a majority state owned company with 67% of outstanding shares, and only 9.5% in the hands of private Norwegian investors. Attention is called upon the stock because the second largest guru holding shares in the firm has sold part of his investment after 3 years of strong cumulative behavior.

  • [By Vanina Egea]

    The upside to Cameron International is the strong order flow and backlog of around $11.5 billion for subsea products and services. BP, Petroleo Brasileiro (PBR), StatoilHydro (STO) and Chevron (CVX) have all made orders. Another good characteristic is the geographical diversity of the orders: North America, Latin America, Asia/Pacific and Middle East. Most importantly, the Deepwater Horizon incident elicited a higher safety standard creating a favorable context for equipment developers and providers like Cameron International.

  • [By Dominic Chopping]

    Norwegian oil and gas major Statoil ASA (STO) said Thursday it has made a gas discovery in the Kramsno prospect in the Barents Sea, but the exploration program around the Johan Castberg field has so far not delivered expected oil volumes.

  • [By Jim Jubak]

    On Friday, Statoil (STO) announced fourth quarter earnings a full 15% below Wall Street expectations. Production for the full 2013 year at Norway’s state-owned oil and natural gas company fell 3%.