Statoil - Den norske stats oljeselskap a.s - is one of the world's largest net sellers of crude oil, and a substantial supplier of natural gas to Europe. It ranks as the biggest retailer of petrol and other oil products in Scandinavia.

The group is the leading player on the Norwegian continental shelf, and has gradually expanded its international upstream operations in recent years.

Statoil's object is, either by itself of through participation in or together with other companies, to carry out exploration, production, transport, refining and marketing of petroleum and petroleum-derived products, as well as other business.

The group is responsible for managing the state's direct financial interest (SDFI) in partnerships engaged in exploration for as well as development, production and transport of oil and gas on the Norwegian continental shelf.

Founded in 1972, Statoil is wholly-owned by the Norwegian state. Net operating revenue for the group in 1998 totalled NOK 107 billion. It had the equivalent of about 18,000 full-time employees at 31 December.

Statoil operates in the following countries:
Norway, Sweden, Denmark, Germany, Poland, Estonia, Latvia, Lithuania, the UK, Ireland, Belgium, France, Russia, Vietnam, Malaysia, Singapore, Azerbaijan, Kazakstan, Angola, Nigeria, the USA, Australia, China and Venezuela.

Address: Forusbeen 50
Box 8500
Stavanger, NO-4035
Contact: +47 51 99 00 00

Recent Articles

Statoil Says Restarts Output At Statfjord A Platform After Fire
Monday, October 24, 2016 Production at Statoil's Statfjord A oil platform in the North Sea has restarted after it was shut due to a fire on Oct. 16, the company said on Monday.
Faroe to Increase CAPEX in 2017
Wednesday, October 19, 2016 Independent oil and gas company Faroe Petroleum has announced plans to increase its net capital expenditure for production assets in 2017.
Production Still Shut at Statfjord A Following Platform Fire
Monday, October 17, 2016 Production is still shut at Statoil's Statfjord A platform in the North Sea following an Oct. 16 fire, a company spokesperson told Rigzone.
Sture Terminal Employees Taken to Hospital After Incident
Thursday, October 13, 2016 5 people working at the Sture terminal in Hordaland have been sent to hospital after having been exposed to H2S gas (hydrogen sulphide) in a workplace incident.
Jefferies: OPEC Output Cut Unlikely
Tuesday, October 11, 2016 It's unlikely that OPEC will be able to maintain its planned output cut, according to oil and gas analysts at investment bank Jefferies.
Norway Gas Plant Workers Agree Wage Deal, Avoid Strike
Friday, October 07, 2016 Workers at three plants serving Norway's energy industry agree a wage deal with their employers, avoiding a strike that could have cut gas supplies to the UK.
Sources: Petrobras, Statoil Extend Partnership for Old Wells
Tuesday, October 04, 2016 Petrobras and Statoil expand an existing partnership to help the Brazilian firm arrest declining production at aging wells in the offshore Campos Basin.
Hurricane Matthew Threatens Petroleum Terminals in Bahamas
Tuesday, October 04, 2016 Hurricane Matthew is threatening to shut in about 33 million barrels of oil storage in the Bahamas and disrupt Caribbean shipping this week before heading northwest toward the US East Coast.
Norway Oil, Gas Workers May Strike, Threatening UK Gas Supply
Monday, October 03, 2016 Workers at three onshore facilities serving Norway's oil and gas industry threaten to go on strike on October 7, unless employers agree to a new wage deal.
Oil Industry Teams Up to Fight Cyber-Crime
Thursday, September 29, 2016 DNV GL is collaborating with a number of oil and gas companies to develop an industry best practice for addressing the cybercrime threat.
How Actual Nuts and Bolts Are Bringing Down Oil Prices
Wednesday, September 28, 2016 Standardized pipes and casings could hold the key to a pervasive mystery about today’s energy market: Why is everyone still drilling when prices are in the basement?
Statoil To Improve Helicopter Safety Following Fatal Crash
Friday, September 23, 2016 Statoil has vowed to improve helicopter safety following the release of an investigation into a fatal helicopter crash which occurred on the NCS earlier this year.
Statoil Deals With Aasgard B Platform Fire Within Minutes
Monday, September 19, 2016 A small fire which occurred on the Aasgard B platform offshore Norway on Sunday was quickly dealt with, a Statoil representative told Rigzone.
Crude Glut Belies Risk From OPEC's Dwindling Output Cushion
Friday, September 16, 2016 As most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as the market starts to reflect a growing risk of shortages.
Aker Lands Troll B Work
Friday, September 16, 2016 Aker Solutions secures a contract from Statoil to deliver a compression module for the Troll field in the North Sea, which will help boost output at the offshore Norwegian field.
Johan Castberg Project Will Have Strong Ripple Effects
Tuesday, September 13, 2016 The Johan Castberg project will be important to Norwegian Industry and will have strong ripple effects, according to a proposed impact assessment program distributed by Statoil Tuesday.
Aker Solutions Secures Utgard Tie-in Work
Thursday, September 08, 2016 Aker Solutions secures a services contract for the tie-in of the Utgard gas and condensate field to the Statoil-operated Sleipner facilities in the North Sea.
Statoil: Brazil Oil Law Change Key To Attracting Investment
Thursday, September 08, 2016 Statoil sees changes to Brazil's oil industry laws as key for attracting foreign investment, Chief Executive Officer Eldar Saetre says.
Statoil Increases NCS Equity Through Tullow Deals
Wednesday, September 07, 2016 Statoil agrees terms with Tullow Norge AS to increase its equity in four licenses on the Norwegian continental shelf (NCS), including the Wisting discovery in the Barents Sea.
CEO: Petrobras To Gain $11B On Sale Of Brazil Oil Rights To Statoil
Tuesday, August 30, 2016 The sale of a stake in Carcara to Statoil will gain Petrobras as much as $11 billion to pay debt or invest in other projects.