Tagged: oil and gas industry

Recent North Sea discovery even larger than expected

Communication between the Aldous and Avaldsnes oil discoveries in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of...

No increased R&D in 2009

Norwegian business enterprises reported a total of NOK 18.2 billion in research and development (R&D) expenditure in 2009. This represents no change compared to 2008. In fixed prices, this equals a reduction of 3.9...

APA 2010 – Awards

The Norwegian Government has decided to offer 50 production licenses in the awards in predefined areas 2010 (APA 2010). – Today I am offering participation interest in production licenses to 39 companies of which...

Clean Tech Innovation Takes The Prize

In the past several years, there has been a clear increase in the number of clean tech finalists for the Confederation of Norwegian Enterprises’ Innovation Prize, the award recognizing commercially successful products and services...

High activity off Norway in 2010

In 2010 Statoil started production on three new fields, delivered a plan for development and operation (PDO) of two new fields and chose concepts for two of our main improved recovery projects. Statoil’s strategy...

Technology partnership with Siemens

Statoil and Siemens have signed a technology development cooperation agreement. The partnership will initially embrace wind power, subsea technology, electrical engineering technology and energy efficiency measures. Cooperation between the companies facilitates the development of...