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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

Rosneft, Statoil Start Exploration for Oil, Gas in Norway
Monday, August 18, 2014 Rosneft and Statoil embark on joint exploration for oil and gas in the Barents Sea.
Sanctioned Rosneft's Norway Work Goes Ahead With Statoil
Monday, August 18, 2014 Kremlin-controlled Rosneft said it is working with Statoil to search for oil and gas off Norway, partnering a Western company despite sanctions.
Schlumberger Wins $185M Statoil Drilling Contract
Friday, August 08, 2014 Norway's Statoil awards Schlumberger a $185-million two-year contract to provide integrated drilling services for several fields on the Norwegian Continental Shelf.
Rose Appoints New CEO for US Business
Friday, August 08, 2014 Rose Petroleum appoints John Blair as Director of Oil & Gas and as CEO of its US business.
Statoil's Arctic Summer Exploration Campaign Fails
Thursday, August 07, 2014 Statoil fails to find any oil in its summer campaign in the Norwegian Arctic.
Norway Completes Troll Gas Field Maintenance Earlier than Planned
Monday, August 04, 2014 Norway's Gassco completes a key round of maintenance on what is believed to be Statoil's Troll gas field.
Statoil Installs Valemon Topsides
Tuesday, July 29, 2014 Statoil installs the topsides for the Valemon field in the Norwegian North Sea.
Statoil Cut 1,000 Jobs during 2Q
Friday, July 25, 2014 Statoil reduces its headcount by around 1,000 employees and may cut up to 400 more positions.
Rosneft Lines Up Anti-Sanctions Measures, Net Income Up
Friday, July 25, 2014 Russia's biggest oil producer Rosneft says it has been seeking ways to cope with the negative impact of international sanctions, as it reported higher net income Helped by a stronger rouble.
WWF: Arctic Oil Well Blowout Could Spread More Than 1,000 Km
Friday, July 25, 2014 Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread to the west coast of Alaska, a World Wildlife Fund study reports.
Baraka Resolves Dispute Over 2 Exploration Permits in Georgina Basin in NT
Thursday, July 24, 2014 Baraka Energy & Resources resolves dispute with partners over two exploration permits in Georgina Basin, Northern Territory, Australia.
PetroFrontier Updates on Exploration Activities in Northern Territory
Wednesday, July 23, 2014 PetroFrontier updates on exploration activities under the 2014 work program and budget in Northern Territory, Australia.
Statoil Resumes Production at Njord A Platform
Monday, July 21, 2014 Statoil resumes production at the Njord A platform in the Norwegian Sea after a year.
Collision Halts Statoil Oseberg East Platform, Restart Seen Thursday
Thursday, July 10, 2014 Statoil shuts its Oseberg East oil platform after a collision with a supply vessel.
Statoil Commences Drilling at OzEpsilon-1 Well in Georgina Basin in NT
Wednesday, July 09, 2014 Statoil commences drilling at OzEpsilon-1 well in exploration permit 128 in the Georgina Basin in Australia's Northern Territory.
Technip Wins Subsea Services Deal with Statoil, Exxon and Gassco
Tuesday, July 08, 2014 Oilfield services firm Technip wins a new multi-region subsea services deal with Statoil, ExxonMobil and Gassco.
Aker Acts to Find Work for more than 200 Employees amid Slowdown
Monday, July 07, 2014 Aker is trying to find roles for more than 200 of its employees amid a slowdown in the country's offshore maintenance and modifications market.
Statoil Sees More Oil Recovered At N. Sea Oseberg East Field
Thursday, July 03, 2014 Statoil expects to increase oil recovery rate from Oseberg East field with a new drilling campaign, the company says.
New ND Flaring Regs Make Statoil's Nat Gas Container System Timely
Wednesday, July 02, 2014 Statoil's new container system for capturing natural gas will help reduce flaring in the Bakken just when more restrictive flaring rules go into effect.
NPD: Exploration on NCS Remains 'Vigorous'
Tuesday, July 01, 2014 Exploration activity on the Norwegian Continental Shelf remains vigorous, with 13 new discoveries being made this year, according to the Norwegian Petroleum Directorate.