Actionable news
0
All posts from Actionable news
Actionable news in STO: STATOIL ASA,

Statoil sheds Marcellus assets to free up cash

OSLO--Norway's Statoil ASA STO, +0.25% said Monday it had sold onshore assets in the U.S. Marcellus shale formation to Antero Resources Corp. for $96 million in cash, to free up capital for other uses, its third divestment in the Marcellus in two years.

The 67% state-owned Norwegian oil and gas producer said the assets were operated by Southwestern Energy Co., which sold its share in the same...


More