Tag: Statoil

BG Group appoints Statoil CEO to end leadership void

BG’s new appointment may end a turbulent three-year period where the company’s stock dropped 35 percent.  More »

Statoil announces Tanzania gas discovery

The Norwegian energy company has had a presence in Tanzania since 2007.  More »

Statoil sells stake in Azerbaijan gas project

Norwegian energy company Statoil says it has sold its stake in the Shah Deniz gas project in Azerbaijan to Malaysian company Petronas for $2.25 billion.  More »

Ethanol companies raided in EU benchmarks antitrust case

The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts.  More »

Statoil, partners expand effort to put flared natural gas to use

Statoil, GE and Ferus Natural Gas are expanding use of technology designed to fuel oil field equipment with natural gas that otherwise would be flared off into the atmosphere.  More »

Tanzania’s energy minister says his African nation seeks U.S. partnership

The energy minister for Tanzania is in Houston seeking oil and gas investment in the East African nation.  More »

Talisman, Statoil not selling Eagle Ford acreage

Talisman Energy and Statoil ASA’s effort to sell their joint venture in the Eagle Ford Shale has ended after offers came in lower than expected, Bloomberg News is reporting. Bloomberg reports.  More »

Statoil CEO warns ballooning costs may hamper recovery goals

Surging costs for drilling and maintenance risk hampering Statoil ASA’s goal to boost the recovery rate at its Norwegian offshore oil fields to 60 percent, Chief Executive Officer Helge Lund said.  More »

Video: Onboard the Maersk Developer

Take a look at operations on the Maersk Developer as it drills an exploratory well for Statoil in the Gulf of Mexico.  More »

Statoil strikes out in well at center of Greenpeace standoff

Statoil ASA failed to find oil in the northernmost site ever drilled off Norway’s Arctic tip.  More »

Norwegian oil industry faces mediation to avoid strike, output halt

Norwegian oil workers and employers will start mediation talks tomorrow to bridge differences and avoid a strike that threatens to halt about 115,000 barrels of oil a day  More »

Statoil’s big bet: Aboard the Maersk Developer (photos)

Statoil raised eyebrows when it won the rights to a Gulf of Mexico tract in a 2012 auction by pledging $157 million — more than five times higher than the nearest competitor. Two years later, the Norwegian oil giant has high hopes for the Martin project.  More »
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