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Jun. 11, 2013, 9:35 AMStatoil (STO) adds to its stable of shale assets in Australia by signing new farm-in deals with Canadian partner PetroFrontier (PFRRF.PK) covering assets in the Southern Georgina basin which enable it to become operator with an 80% stake. STO may spend up to $160M by the end of 2016 if it decides to press ahead with further development. | 1 Comment
Jun. 20, 2012, 9:45 AMIn a sign that today's Gulf of Mexico lease sale could result in significant bidding, Statoil (STO +0.6%) says it has placed bids on 32 blocks. The Norwegian company also says it has entered into Australian shale gas exploration projects through a JV deal with Petrofrontier (PFRRF.PK) in a "highly prospective play at low cost, with high risk but also with significant upsides." | Comment!
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