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 Sees Eagle Ford Operations Back At Normal This Weekend
Thursday, September 07, 2017 Statoil says it expects its operations in the Eagle Ford shale region of Texas to return to normal.
Poland's PGNiG To Receive LNG Spot Delivery From Statoil In September
Tuesday, September 05, 2017 PGNiG says it will buy 140,000 cubic metres of LNG from Norway's Statoil on the spot market this month.
Harvey's Wake Tempers Bullish Outlook for US Oil Output Growth
Friday, September 01, 2017 Oil analysts and some company executives had anticipated that the US could top the 10 million bpd mark by year-end.
Norway's Arctic Oil Ambitions Suffer As Most Promising Well Yields None
Tuesday, August 29, 2017 Norway's hope of discovering a large oilfield in the Barents Sea has suffered a major setback.
Statoil, YPF To Explore Shale Oil, Gas In Argentina
Friday, August 25, 2017 Statoil signs a deal with YPF to jointly explore for onshore shale oil and gas resources in the Vaca Muerta formation.
Norway's Record July Gas Sales Could Lift Statoil Earnings
Friday, August 18, 2017 Norwegian gas sales hit a record July high, which analysts said would deliver strong quarterly earnings for top producer Statoil.
European Oil Majors Seek To Harness US Offshore Wind
Tuesday, August 01, 2017 Some European oil majors have made inroads into the emerging US offshore wind energy market.
Europe's Oil Giants Recover From Three-Year Slump
Thursday, July 27, 2017 Shell, Total and Statoil report sharp increases in cash flow from operations in the second quarter as profits beat analyst expectations.
Statoil Scales Down Exploration Plans For 2017
Thursday, July 27, 2017 Statoil has reduced its exploration ambitions for 2017 and will drill around 30 wells.
Greenpeace Activists Protest Near Oil Rig In Norway's Arctic Sea Area
Friday, July 21, 2017 Environmental activists protest near an offshore rig contracted by Statoil in the remote Norwegian Arctic.
Canada's LNG Failure Is Its Own Fault, Seven Gen Founder Says
Monday, July 17, 2017 Businesses can't rely on the government to push projects past the objections of local communities, said Pat Carlson.
Suriname Signs Offshore Oil Deals with Exxon, Hess and Statoil
Friday, July 14, 2017 Suriname's state oil company Staatsolie said it signed production sharing contracts involving Exxon Mobil Corp, Hess Corp and Statoil ASA for two blocks off the coast of the South American nation.
Statoil Drills Dry Wells Off Canada's Newfoundland
Monday, July 10, 2017 Statoil and Canada's Husky Energy have hit dry wells in a prospect in the Atlantic offshore Newfoundland for which they had high hopes, Statoil says.
Statoil Moves Key IT Tasks from India Back to Norway
Friday, June 30, 2017 Statoil said on Friday it would move its critical information technology (IT) back to Norway to improve security.
Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals
Thursday, June 29, 2017 The Tanzanian government submitted three bills to parliament on that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors.
Statoil Aims To More Than Triple Brazil Output
Monday, June 12, 2017 Statoil aims to more than triple its production in Brazil and wants to become the sole operator for the entire Carcara discovery.
Statoil Denies Patent Infringement, Keeps Drilling In The Barents Sea
Monday, June 12, 2017 Statoil says it will keep drilling exploration wells in the Barents Sea using what it called "regular equipment".
Statoil Eyes Japan, US For Floating Wind Expansion
Tuesday, June 06, 2017 Statoil is targeting Japan, California and Hawaii to expand its floating offshore wind turbine business.
Norwegian Union Threatens Strike At Statoil, Shell, Eni Pplatforms
Tuesday, June 06, 2017 About 150 oil platform workers would go on strike, potentially disrupting output from several Norwegian fields.
Norway's Statoil Plays Down Risks Ahead Of Arctic Drilling
Monday, April 24, 2017 Statoil plays down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea.