Tag: Statoil

Houston oil field biotechnology firm to go public

Glori Energy wants to combine an influx of public capital and biotechnology to revamp old, nearly infertile U.S. sandstone reservoirs in a bid to free up some 8 billion barrels of stranded oil it has targeted.  More »

Polar politics threaten Norway’s deepest drive in Arctic

The Norwegian government, seeking to sustain oil revenues that have fueled the country’s prosperity, has floated plans to let drillers push closer than ever to the ice cap — only to run into the strongest opposition yet.  More »

A landscape of fire rises over North Dakota’s gas fields

Twice as much natural gas is wasted through flaring than in 2012 amid an energy boom that’s propelled North Dakota’s torrid economic growth.  More »

Mexico will release Pemex seismic data for investors’ review

Mexico will release years of oil exploration testing data as it opens its energy sector to international investment, a top Mexican regulator said in Houston Wednesday.  More »

Oil chiefs to suppliers: Your prices are too high

A rising cost-control cry among oil executives has plenty of basis in the economics of the oil patch, but also may be an open message to suppliers that if prices don’t come down, their business will.  More »

Cost concerns dominate executive talk at energy conference

The dominant narrative from energy executives at the IHS CERAWeek conference this week has been the story of costs. Energy sector executives have portrayed their industry as one that’s on an unsustainable course, due to rising upstream costs in recent years.  More »

Statoil: Mexico is still a wait-and-see investment opportunity

Mexico passed the constitutional laws that could open up its energy sector to private investment last December, but the regulations governing the details are still being developed – and these regulations will be critical in determining whether companies like Statoil would consider investing.  More »

Q&A: Norway’s new ambassador makes early stop in Houston

In an interview with FuelFix, the new ambassador discusses Norway’s interests in Houston and the fund that Norway created for investing its oil wealth.  More »

GE to funnel billions into oil field technology

GE on Monday announced it was boosting its spending on projects to harness the power of carbon dioxide and natural gas in the oilfield.  More »

More work needed to stop flaring gas, officials say

Energy companies are making strides in capturing the natural gas that flows out of North Dakota oil wells but still have a long way to go to stop burning off the fossil fuel, governors and business executives said Monday.  More »

Aboard a Statoil North Sea platform (photos)

Statoil believes the nation’s oil and gas output can remain at current levels until 2025 and possibly beyond, even as it tightens spending amid rising costs.  More »

Maine offshore wind project looks to overcome hurdle

The Maine Public Utilities Commission is poised to vote Tuesday on whether to grant initial approval for a state contract to the University of Maine and its partner companies, called Maine Aqua Ventus, to build a two-turbine pilot project off the coast of Monhegan Island.  More »
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