Statoil Company News
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Sharp Fall In Applications For Norway's Arctic Oil Permits
Tuesday, December 05, 2017 Norway's attractiveness as an oil region took a hit when energy authorities said 11 oil firms applied for stakes in exploration blocks in its latest oil licensing round
Statoil Greenlights $6B Flagship Arctic Oil Project
Tuesday, December 05, 2017 Statoil gave the final go-ahead to a flagship Arctic oil project after slashing costs by half.
Partners to Invest in New Gas Module at Troll C Platform
Tuesday, November 07, 2017 Output is set to rise from the North Sea's Fram field with new investment.
Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture
Wednesday, October 04, 2017 Statoil is taking its first step into the solar sector, partnering up with Oslo-listed renewable energy firm Scatec Solar.
Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers
Thursday, September 28, 2017 The time charter of the ship comes despite the market structure for Brent crude futures flipping into backwardation, when spot prices are higher than for later delivery.
Statoil And Partners Plan Output Capacity Expansion At Troll Gas Field
Tuesday, September 26, 2017 Statoil and partners are working to increase the output capacity of Troll, the country's largest gas field.
Statoil Among Firms Seeking Stakes in Abu Dhabi Offshore Blocks
Monday, September 25, 2017 Statoil is among producers involved in discussions with ADNOC about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.
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.
Statoil Confident Brazil Deal To Go Ahead Despite Suspension
Tuesday, April 18, 2017 Statoil is confident that its deal with Petrobras to acquire a stake in exploration block BM-S-8 offshore Brazil.
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.
Eni: Oil, Gas Discovery in Norwegian Sea
Tuesday, January 17, 2017 Eni announces that a new oil and gas discovery has been made within the PL128/128D licenses in the Norwegian Sea.
Utgard, Byrding Field Development Plans Approved
Tuesday, January 17, 2017 The plan for development and operation for the Utgard and Byrding fields in the North Sea has been approved by the authorities.