Tagged: Helge Lund

StatoilHydro chief defends oil sands project

StatoilHydro’s involvement in Canadian oil sands has aroused debate in the Norwegian election campaign. Currently, StatoilHydro has no production from oil sands, but they are working on establishing a demonstration plant in Alberta, Canada, with projected start-up...

StatoilHydro gives climate advice to the UN

The Norwegian energy company StatoilHydro’s experience in carbon capture and storage was presented to the United Nations’ expert group on climate and energy in Stockholm, Sweden on August 20. Chief executive Helge Lund has been...

StatoilHydro income sinks along with costs

Norwegian oil company StatoilHydro said Tuesday it had notched a net second-quarter operating income of 24.3 billion kroner ($4.02 billion), or down about two-thirds from a year ago on oil prices which on average...

Oil and gas debate over Norway’s islands

Energy companies are pressing the Norwegian government to lift the ban on exploration of the Lofoten Islands’ sea bed. Environmentalists and fishermen say it will ruin a haven of outstanding natural beauty and calm. Allan Little...

Gazprom and StatoilHydro sign MoU

  Gazprom Management Committee Chairman Alexei Miller and StatoilHydro President and CEO Helge Lund signed a Memorandum of understanding June 5 in St. Petersburg on the sidelines of the XIII International Economic Forum. The...

Ministers visit Sleipner A

  May 27 – A close-up of the role played by Sleipner A in tackling carbon capture and storage (CCS) was provided to a top-level delegation headed by petroleum and energy minister Terje Riis-Johansen today....

StatoilHydro 53rd largest company in the world

StatoilHydro climbs the list of the 2000 largest companies in the world, and is now number 53. General Electric, Shell and Toyota are the three largest. The list compiled by Forbes combines turnover, net...

StatoilHydro Profit Falls on Lower Oil Prices

OSLO — State-controlled Norwegian oil company StatoilHydro (STO Quote – Cramer on STO – Stock Picks) reported Tuesday (Feb. 17) a 68% decline in fourth-quarter profits because of lower crude oil prices and higher...

StatoilHydro announces cost cuts for 2009

State-controlled Norwegian oil company StatoilHydro ASA announced plans Wednesday to cut its 2009 costs by 1.5 billion kroner ($215 million) to adjust to weaker market conditions amid the world economic downturn and lower crude...