Tuesday, January 15, 2013

Statoil Leads the way in Norway Energy Auction

Statoil (STO) was the biggest winner in Norway's energy auction today, receiving 14 licenses including seven operatorships spread across the North, Norwegian and Barents seas.

Shell (RDS.A) and Total (TOT) received the most operatorships among non Norwegian firms, with four each; they received five and eight licenses, respectively. XOM, CVX and COP also picked off a few licenses.

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