Tagged: gas

Statoil posts Q2 profit surge

By IAN MacDOUGALL (AP) OSLO, Norway — Norwegian oil company Statoil ASA said second-quarter net profit surged to 3.6 billion kroner ($584 million) from only 77 million kroner a year earlier, as increased production...

Norway powers North Sea floating platform from land

OSLO, July 15 (Reuters) – In an effort to limit emissions of carbon dioxide, Norway’s biggest oil and gas producer Statoil (STL.OL: Quote) has powered up its first floating offshore platform with electricity from...

Household expenditure increased 7.8 per cent

Private households spent an average of NOK 395,000 per year on expenditure in the period 2007-2009; a real increase of 7.8 per cent compared with the period 2004-2006. Due to small yearly samples, it...

Continued deliveries in turbulent markets

Statoil’s strategy update, fourth quarter 2009 and preliminary results for 2009. Statoil today presents its fourth quarter results and its Strategy Update. Statoil’s fourth quarter 2009 net operating income was NOK 33.5 billion, compared...

Norway enters North Sea Development Cooperation

Norway’s oil and energy minister Tuesday signed an agreement with nine other European countries relating to development of the North Sea. Read the whole story at the Wall Street Journal.

Statoil awarded exploration licences

Statoil has today been awarded shares in eight exploration licences on the Norwegian continental shelf. The company is operator on six of the licenses. The Norwegian authorities’ awards in predefined areas in 2009 (TFO2009)...