Statoil

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
Norway
Contact: +47 51 99 00 00

www.statoil.com


Recent Articles

Statoil Makes North Sea Oil, Gas Discovery
Friday, March 24, 2017 Statoil Petroleum AS makes an oil and gas discovery in the North Sea through well 34/10-55 S, the Norwegian petroleum Directorate reveals.
Statoil Exec: Effective Leaders Should Empower People and Machines
Friday, March 24, 2017 Statoil's Jim Claunch shares his insight and advice on what will make effective oil and gas leaders during a time of rapidly advancing technology.
Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Wednesday, March 22, 2017 Top bidders included Shell Offshore, Statoil, Chevron and Hess, each offering more than $44 million for access to offshore exploration and production, according to federal records.
Aker Solutions Secures Johan Sverdrup Phase 2 FEED Contract
Tuesday, March 21, 2017 Aker Solutions secures a front-end engineering and design (FEED) contract from Statoil for the second phase of the Johan Sverdrup development offshore Norway.
Statoil's Strategy Chief John Knight To Leave Oil Firm In 2019
Friday, March 17, 2017 John Knight, Statoil's head of global strategy and business development, will leave the Norwegian oil firm in 2019.
Statoil CEO Warns of Globalization 'In Reverse' After DC Visit
Thursday, March 16, 2017 After the surprise election of Donald Trump, the head of Norway's biggest oil company headed to Washington DC this month looking for reassurance. He came away as worried as ever.
Statoil Makes Gas Find Offshore Norway
Friday, March 10, 2017 Statoil Petroleum AS makes a gas discovery through wildcat well 6507/3-12 and appraisal well 6507/3-12 A offshore Norway.
Statoil Scraps Plan To Build New Head Office After Job Cuts
Friday, March 10, 2017 Statoil ditches plans to build a futuristic-looking head office in Stavanger after cutting the size of its workforce by almost 3,000 in recent years.
NPD Grants Statoil Appraisal Well Drilling Permit
Wednesday, March 01, 2017 The Norwegian Petroleum Directorate grants Statoil Petroleum AS a drilling permit for appraisal well 6507/3-12 A, located in production license 159B.
Norway Has No Plan To Cut Statoil Stake
Wednesday, February 22, 2017 The Norwegian government does not plan to cut its stake in Statoil, oil and energy Minister Terje Soeviknes says.
NPD Grants Consent for the Expansion of Nyhamna Gas Plant
Friday, February 10, 2017 The Norwegian Petroleum Directorate grants consent for the expansion of the gas plant at Nyhamna, which will allow the Ormen Lange field in the Norwegian Sea to increase production.
Statoil Targets Cost Savings of $1B in 2017
Tuesday, February 07, 2017 Statoil ASA is targeting cost savings of $1 billion in 2017, which comes in addition to the $3.2 billion it has already cut as part of its improvement program.
Statoil's Exploration Chief Sees More Drilling Offshore US, Russia
Tuesday, February 07, 2017 Statoil will probably continue its exploration work offshore the US, despite an unsuccessful campaign so far, and also expects more drilling in Russia, the company's exploration chief says.
Statoil Makes Gas Discovery Within North Sea Valemon Field
Friday, February 03, 2017 Statoil makes a new gas discovery on the Valemon field, called Valemon West, 2 years after the asset came on stream.
Statoil Completes Sale of Entire Oil Sands Operations in Alberta, Canada
Wednesday, February 01, 2017 Statoil completes the sale of its entire oil sands operations in the Canadian province of Alberta to Athabasca Oil Corporation.
Statoil Gets Consent to Use Songa Encourage for Well Activities Off Norway
Friday, January 27, 2017 Statoil receives consent from Petroleum Safety Authority Norway to use the Songa Encourage mobile drilling facility to perform well activities on the Norne and Alve fields, located offshore Norway.
Norway Court To Hear Appeal In $1.8B Gas Transport Tariff Row
Friday, January 27, 2017 A Norwegian court will hear an appeal next week by 4 firms seeking to overturn a ruling that upheld a government decision to cut offshore gas transportation tariffs.
Statoil Says Mistakes, Lack Of Maintenance Led To Troll, Mongstad Accidents
Friday, January 20, 2017 Accidents at Statoil's giant Troll gas field and the Mongstad refinery in October last year were caused by operational mistakes and wrong prioritisation of maintenance.
Big Oil Back On The Acquisition Trail As Outlook Brightens
Thursday, January 19, 2017 The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves.
Oil, Gas Firms Make Global 100 Most Sustainable Corporations List
Thursday, January 19, 2017 Ten oil and gas related companies have made Corporate Knights' 2017 Global 100 Most Sustainable Corporations list.