Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

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

Statoil's CEO Quits For Top Job At BG Group
Wednesday, October 15, 2014 Statoil Chief Executive Helge Lund unexpectedly resigned to take the top job at smaller rival BG Group, the firms say in separate statements.
Statoil Finds More Gas Offshore Tanzania
Tuesday, October 14, 2014 Norway's Statoil finds more gas offshore Tanzania, increasing its total for a final investment decision on a liquefaction plant with the UK's BG Group.
Statoil Completes Testing Operations at OzDelta-1 Well in Australia's NT
Monday, October 13, 2014 Statoil completes testing operations at OzDelta-1 well in Australia's Northern Territory.
Statoil Exits Shah Deniz Gas Project With Stake Sale To Petronas
Monday, October 13, 2014 Statoil sells 15.5% stake in the Shah Deniz project in Azerbaijan to Petronas for $2.25 billion.
Norway's Statoil Makes Small Gas Find in Arctic
Friday, October 10, 2014 Statoil makes a small gas discovery in the Arctic near its Johan Castberg oil discovery.
Paper: Statoil Plans to Cut Another 500 Jobs
Friday, October 03, 2014 Statoil plans to lay off an additional 500 workers on top of already announced plans to eliminate up to 1,400 positions, financial daily Dagens Naeringsliv says.
Statoil Makes Uncommercial Gas Find In Arctic
Friday, September 26, 2014 Statoil makes a disappointing gas find in the Arctic, continuing an unsuccessful run of exploration drilling in the Norwegian part of the region.
Statoil Halts Aasgard A Production Due To Bad Weather
Thursday, September 25, 2014 Statoil shuts production at its Aasgard A field in the Norwegian Sea due to bad weather and expects production to resume shortly, spokesman Morten Eek says.
Statoil Calls Off 40,000-Bpd Canadian Oil Sand Development
Thursday, September 25, 2014 Statoil postpones plans to develop its Corner field oil sands project in Alberta, Canada, the firm says.
Norway Government to Outline Sverdrup Project Plan in Early 2015
Monday, September 22, 2014 The Norwegian government said on Monday it would outline plans in spring next year regarding the electrification of the $20 billion Johan Sverdrup oil field in the North Sea.
Pingvin Well Finds Gas in Barents Sea
Friday, September 19, 2014 North Energy reports that the Pingvin exploration well on Norwegian production license 713 in the Barents Sea has found gas in a sandstone reservoir.
Statoil to Lay up COSL Pioneer Rig for Short Time
Thursday, September 18, 2014 Statoil plans to lay up the COSL Pioneer rig during 4Q 2014, but says taking the rig out of operation for a short time will have no impact on its drilling plans.
Statoil Sells Norway Assets to Wintershall
Friday, September 12, 2014 Statoil farms down its Aasta Hansteen, Asterix and Polarled fields, while exiting its Vega and Gjoa fields in order to increase "flexibility".
Statoil, Petronic Aim to Explore Offshore Nicaragua
Thursday, September 11, 2014 Norway's Statoil signs a deal with local firm Petronic in order to find ways to explore for oil and gas off Nicaragua's Pacific coast.
Odfjell Secures New Well Services Contracts
Wednesday, September 10, 2014 Odfjell says it has secured $250 million of well services contracts during the past six months, including a new deal with Statoil for tubular running services and rental services.
Statoil Resumes Drilling Norway Well In Partnership With Rosneft
Wednesday, September 10, 2014 Statoil resumes drilling at the oil-bearing Pingvin prospect in the Barents Sea after receiving a permission from the Norwegian Environment Agency, North Energy says.
Statoil Farms into Repsol Licenses, Offshore Colombia
Friday, September 05, 2014 Norway's Statoil agrees to farm into two Repsol licenses offshore Colombia.
Norway's Statoil Hit By Dry Wells Off Angola, US Gulf
Thursday, September 04, 2014 Statoil drills dry wells in two areas where it had high expectations: offshore Angola and the US Gulf of Mexico.
Norway-Focused Firms Join Oil Spill Project
Thursday, September 04, 2014 Aptomar launches a Norwegian project with Eni, Statoil, GDF Suez and OMV aimed at improving oil spill detection and management.
Algeria's In Amenas Gas Plant Returning to Normal after Attack
Monday, September 01, 2014 Normal operations resume at a major gas plant in Algeria, 18 months after a raid by Islamist militants killed 40 employees.