Tagged: oil

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)...

APA 2009 – Awards

The Government has decided to offer 38 production licenses in the awards in predefined areas 2009 (APA 2009). – Today I am offering production licenses to 42 companies of which 19 companies are offered...

UK gas prices dip despite cold as Norway flows rise

British gas prices turned down early on Wednesday, putting an end to a strong rally early this week, as supply rose, including input from Norway, to more than offset strong heating demand. To read...

Statoil launch new biofuel in Norway

Statoil is the first company in Norway to offer 5 per cent bioethanol to general consumers. From January 2010 onwards 40 per cent of Statoil’s stations will be selling the new biofuel “Bensin 95”....

Environmentally friendly drilling solutions in the US

Statoil is the first operator in the US Gulf of Mexico to adopt the Riserless Mud Recovery (RMR) system that reduces discharges to sea. The environmentally friendly drilling solution has been used on the...

Adjusted ownership split in West Qurna 2

Lukoil and Statoil initialized the contract with Iraqi authorities for the West Qurna 2 field. Lukoil and Statoil have agreed to adjust the ownership split, increasing Statoil’s share from 15 % to 25 %....