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: N-4035
Stavanger,
Norway
Contact: +47 51 99 00 00

www.statoil.com


Recent Articles

Technip Secures Statoil Umbilical Contract
Wednesday, May 25, 2016 Technip Umbilicals Ltd secures a contract by Statoil ASA to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway.
Statoil Says Sees European Gas Prices Bottoming Out
Wednesday, May 25, 2016 Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply, company officials say.
Norway Opens Arctic Oil Exploration in Russian Border Area
Wednesday, May 18, 2016 Norway awards licenses to 13 oil companies as it expands into an entirely new part of the Arctic Barents Sea to stimulate exploration at a time of low crude prices.
New North Sea Beckons Oil Producers Off Canada’s East Coast
Friday, May 13, 2016 A change to an obscure shipping law is helping draw major oil companies to an area off Canada’s east coast that may rival the North Sea for its production potential.
New Contracting Strategies Needed in Oil Price Downturn
Wednesday, May 11, 2016 The oil and gas industry will need to reinvent itself on a number of levels, including contracting strategies and supplier relations, for deepwater E&P to survive, a key offshore executive says.
Maersk Training Signs Drilling Simulation Training Agreement with Statoil
Tuesday, May 10, 2016 Maersk Training signs a global framework agreement with Statoil to provide drilling simulation training for the next 3 years with an option to extend for additional 2 years.
Statoil Suspends All Production at Leismer Oil Sands Project in Canada
Monday, May 09, 2016 Statoil is suspending all production at its Leismer oil sands project in northern Alberta due to a massive wildfire that destroyed parts of nearby Fort McMurray.
Investigators - Fatal Helicopter Crash off Norway Due Technical Error
Tuesday, May 03, 2016 A helicopter crash that killed 11 oil workers and two crew on Friday off the Norwegian coast was due to a technical fault, not human error, Norway's Accident Investigation Board said on Tuesday.
EC225LP Helicopters Grounded in UK, Norway after 13 Killed in Crash
Saturday, April 30, 2016 UK Civil Aviation Authority joins Norway in banning EC225LP helicopter flights, as Statoil confirms that employees from Halliburton, Aker Solutions, Schlumberger, Welltec and Karsten Moholt were on the flight.
Fatal Helicopter Crash Offshore Norway, 13 On Board
Friday, April 29, 2016 Statoil confirms that a helicopter carrying its crew from the Gullfaks B oil platform has crashed while en route to the Bergen airport.
European Energy Giants Post Profits in 1Q 2016
Wednesday, April 27, 2016 Statoil and Total both post profits in 1Q 2016, despite continued low oil prices.
Wood Group Secures Statoil Services Contracts across NCS
Monday, April 25, 2016 Wood Group wins 4 subsea contracts with Statoil on the Norwegian Continental Shelf, with the latest award comprising a study to deliver subsea field concept engineering for the Snorre expansion project.
Russia and Norway Use Saudi Oil Strategy in Europe's Gas Market
Thursday, April 21, 2016 Europe is awash with low-priced natural gas, thanks to Russia and Norway using a Saudi-like tactic to hold market share.
OMV Increases Production in 1Q 2016
Thursday, April 21, 2016 OMV Aktiengesellschaft's hydrocarbon production in 1Q increases by 1% over the previous quarter to 312,000 barrels of oil equivalent per day.
Statoil Says to Cut Cost of Castberg Field by Another NOK 4B
Wednesday, April 20, 2016 Norwegian oil major Statoil plans to cut the estimated cost of developing its Arctic Johan Castberg oilfield by another $491.53 million, project director Erik Strand Tellefsen tells an energy conference.
Statoil Looks To The Arctic To Increase Exploration Off Norway
Wednesday, April 20, 2016 Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic.
NPD Grants Statoil Drilling Permit for North Sea Well
Tuesday, April 19, 2016 The Norwegian Petroleum Directorate grants Statoil Petroleum AS a drilling permit for well 30/11-13, located in in the North Sea.
Statoil Launches New Subsea Concept
Tuesday, April 19, 2016 Statoil launches a new subsea concept that is designed to "reduce cost and increase efficiency", according to a company statement.
Statoil, Kongsberg Sign Deal with Eelume to Develop Subsea Technology
Monday, April 18, 2016 Statoil and Kongsberg Maritime sign an agreement with Eelume to accelerate the development of new subsea snake technology.
Statoil And Partners Strike Oil Off Brazil
Monday, April 18, 2016 Statoil and partners Repsol and Petrobras strike oil off the coast of Brazil, in a deepwater offshore Campos Basin.