Statoil on the list of emission delinquents
Statoil on the list of emission delinquents The Norwegian oil giant Statoil is listed on a list of 100 companies, which alone account for 71…
Statoil
Statoil evaluating new CO2 storage project on the Norwegian continental shelf
Gassnova has assigned Statoil to evaluate the development of carbon storage on the Norwegian continental shelf (NCS). This will be the first storage site in…
Contracts bonanza worth billions
Contracts bonanza worth billions in the North Sea 50 vessels submitted tenders for contracts worth up to NOK 3.1 billion. These are the winners. …
Statoil signs agreement with Chinese oil company
Statoil signs agreement with mayor Chinese oil company Statoil has entered into an agreement with the Chinese oil company Sinopec, the world’s second largest oil…
Statoil with climate warning to Trump adviser
Statoil Director Bjørn Otto Sverdrup warns the United States from terminating the climate agreement from Paris. In a letter to President Donald Trump’s advisor on…
Greenpeace are heavily against Statoil’s Barents Sea oil drilling plans
Greenpeace have warned Statoil, who plan to drill further north than ever before, that they can expect visits by international ships during the summer. ‘Riggen…
Statoil delivers better than expected profits in the first quarter
Statoil quadruples profit In the first quarter, Statoil had an adjusted operating profit of US$3.31 billion, a quadrupling compared to the same period last…
Angola’s tax bill to Statoil has grown to 16 billion
Angola’s tax claim against Statoil has increased to 16 billion. The requirement appears in the annual report. The annual report states that there is a…
Statoil cuts approximately 500 FTEs
Statoil’s management notified they will cut several positions, which is equivalent to 350 FTEs. In addition, they union’s expects cut on further 212 FTEs. Press…
Invests 20 billion on Njord and Bauge
Operator Statoil will spend NOK 19.8 billion to extend the life of Njord and Hyme and connect them to the new field Bauge in the…
DN: Statoil has spent four billion kroner on severance packages
Statoil has spent four billion kroner over the last three years to retire employees early, writes Dagens Næringsliv. The company has dismissed every fifth employee….
Statoil awarded 13 leases in US Gulf of Mexico
Statoil resets its exploration in the Gulf of Mexico and was today deemed high bidder on 13 leases in the 2017 Central Lease Sale. Statoil…
Statoil will invest up to 55 billion in Sverdrup
Statoil expects to invest 40-55 billion in the Johan Sverdrup oil field, according to the company’s ‘Plan for Phase 2’. It is a halving of…
Kvaerner Stord secured a multi-billion contract with Statoil
Kvaerner has been awarded the upgrade of the Njord A platform. The agreement has a value of around NOK 5 billion and will include approximately…
Statoil shelves plans for a billion kroner building in Stavanger
Statoil has given up plans for a new office building, which was set to cost three billion, at Forus in Stavanger. ‘We have decided to…
Statoil is phasing out the combined heat and power plant at Mongstad
The combined heat and power plant (CHP) at Mongstad is decided phased out following several years of unprofitable operations. The other operations at the complex…
Two shipping companies secured major Statoil contracts
Statoil gives contact extension for three emergency vessels from Simon Møkster and one from Havilah. The contracts are for the vessels Stril Poseidon, Stril Mercury…
Statoil’s debt grows
Statoil enters the New Year with rising debt, which limits its opportunities for growth. YS leader, Bjørn Asle Teige, said the company hopes to prioritize…
Statoil announcement says exploration in the United States has failed, big time
Oil exploration in the U.S.A.’s Gulf of Mexico has been unsuccessful, and the whole initiative is being reconsidered, according to exploration manager, Tim Dodson, of…
Optimism in Statoil at the beginning of a crucial exploration year
Statoil plans to drill 30 wells this year. This is seven more than last year, and the company believes six of the wells could potentially…