During Monday’s current trade, Statoil ASA (ADR) (NYSE:STO)’s shares decline -1.84% to $18.10.
Statoil ASA (ADR) (STO) has hit gas in the Gymir prospect in the Aasta Hansteen area together with its PL602 partners.
With the latest discovery, the company has struck a hat trick in the Aasta Hansteen area and has assisted in unlocking the full potential of the area.
The three discoveries – Snefrid Nord, Roald Rygg and Gymir – combined are estimated to hold total volumes of 75–120 million barrels of recoverable oil equivalent. This corresponds to around 1/3 of the recoverable volumes at Aasta Hansteen.
In order to enhance utilization of the infrastructure and extend the production plateau, the discoveries will now be further appraised for future ties in the Aasta Hansteen facilities.
Drilled by the Transocean Spitsbergen rig in the Gymir prospect, the well 6706/11-2, established a gross 70-meter gas column in the Nise Formation with good reservoir qualities.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.
SunTrust Banks, Inc. (NYSE:STI)‘s shares gain 0.05% to $43.76, during the current trading session Monday’s, hitting its highest level.
SunTrust Banks, Inc. (STI) declared that it plans to release second quarter 2015 results prior to the market opening on Friday, July 17, 2015.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Administration segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, in addition to various services.
In an afternoon trade, SanDisk Corporation (NASDAQ:SNDK)‘s shares plunge -2.93% to $64.16.
SanDisk Corporation (SNDK) launched two new, USB 3.0 flash drives – the 128GB* SanDisk Ultra Fit™ USB 3.0 Flash Drive, the world’s smallest USB 3.0; and the 256GB SanDisk Ultra® USB 3.0 Flash Drive, SanDisk’s highest capacity USB flash drive to-date. The new offerings enhance SanDisk’s award-winning USB line-up with impressive capacities and performance, delivering speeds up to 10 times faster than a standard USB 2.0 drive1. With these higher capacities, consumers can now save more of their favorite videos, photos and music on their laptops, TVs, gaming consoles or other entertainment systems.
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
Progressive Corp (NYSE:PGR), during its Monday’s current trading session -0.79% loss and closed at $27.56.
IDG’s CIO Magazine declared the Progressive Corp (PGR) of Insurance Companies as a recipient of the 2015 CIO 100. The annual award program recognizes organizations around the world that exemplify the highest level of operational and planned excellence in information technology.
This is the 12th time Progressive has been featured on the list. This year’s featured project was the company’s Business Innovation Garage, an internal think-tank for innovating products and services at Progressive. BIG, as it’s known to employees, exists in a virtual testing environment, and brings together partners across the company to collect and cultivate business solutions, with the end aim of exploring and testing new ideas. The garage has a physical location at Progressive’s headquarters outside of Cleveland and is staffed by a team of analysts and IT developers working for a garage manager who prioritizes the work and oversees the innovation process.
Coverage of the 2015 CIO 100 Awards will be accessible online at CIO.com on August 1, 2015 and in the August issue of CIO magazine.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles. Its products comprise personal auto insurance; and special lines products, counting motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.
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