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Masdar, Statoil in tie-up for battery storage solution

January 17, 2018

Masdar Abu Dhabi Future Energy Company has signed an agreement with Norwegian oil and gas company Statoil to analyse data from Batwind the integrated energy storage system designed to store energy gen... View more

Statoil may consider Pemex partnership

June 20, 2016

Statoil ASA may seek to partner with Petroleos Mexicanos in Mexico s deepwater fields as the producer looks to gain a foothold in the country s recently opened energy market reports Bloomberg. We see ... View more

EU drops Shell, BP Statoil from probe

December 14, 2015

EU antitrust regulators have dropped Shell BP and Statoil from an investigation into suspected rigging of ethanol benchmarks focusing instead on three producers of the biofuel. The European Commission... View more

Statoil delays $19bn projects to cut costs

March 16, 2015

Norwegian energy firm Statoil has postponed two of its biggest offshore developments worth 19 billion as low oil prices spur cost cuts it said. Statoil delayed the concept selection for the Arctic Joh... View more

Statoil slashes costs as low prices weigh

February 12, 2015

Norwegian oil company Statoil vowed to protect dividend payments and said it was braced for a long period of depressed crude prices as it set out plans to slash costs and cut investment. With oil pric... View more

Statoil defers $5.7bn oil recovery project

December 4, 2014

Norway s Statoil said it has postponed a decision to invest 40 billion crowns ( 5.74 billion) in a mature field saying that it needed more time to refine the project as its profitability was under thr... View more

Statoil takes $350m hit on Angola halt

November 27, 2014

Norway s Statoil said it was halting exploration in Angola after poor drilling results retreating from an offshore area it had high hopes for and capping a poor year for exploration. Statoil said it w... View more

Statoil defers Canada oil sand development

October 2, 2014

Norwegian energy company Statoil said it will postpone development of its 40 000 barrel per day Corner oil sands project in Alberta Canada for at least three years cutting about 70 jobs at its Canadia... View more

Wintershall buys assets from Statoil

September 16, 2014

German oil and gas firm Wintershall purchased a string of assets from Statoil keeping its reliance on Russia in check and helping the Norwegian firm lower its costs in the Arctic. Wintershall a subsid... View more

Falling returns force Statoil to cut growth

February 16, 2014

Norway s Statoil abandoned its 2020 production target and slashed spending plans so it could pay more to shareholders becoming the latest oil major to acknowledge the fading appeal of new energy proje... View more

Statoil considering major acquisitions

January 19, 2014

Norwegian energy firm Statoil is considering major acquisitions that would dilute the state s stake Bloomberg reported a move that would face an uphill battle in parliament as the minority government ... View more

Statoil to bet big on Angola, Russian shale

September 1, 2013

Statoil one of the most successful oil explorers in recent years sees offshore Angola and Russian shale as the industry s next big plays and considers US shale oil overhyped its exploration chief Tim ... View more

Statoil sells stake to OMV, funds expansion

August 22, 2013

Norway s Statoil sold stakes in North Sea oil fields to Austria s OMV in a 2.65 billion deal giving the former cash to develop new projects and placing the latter on course to meet ambitious output ta... View more

Statoil and Sinochem acquire FPSO Peregrino from Maersk

July 23, 2012

NORWEGIAN oil company Statoil and its Chinese partner in the Peregrino field Sinochem have agreed to purchase the Peregrino FPSO from Maersk FPSOs part of the AP Moller Maersk Group. The parties have ... View more

Statoil to triple US oil and gas output

July 2, 2012

Norway s Statoil aims to triple its North American oil and natural gas production by the end of the decade as it increases spending in oil-rich prospects the company said. The state-controlled company... View more

Statoil sees 2020 oil output up by a third

June 27, 2011

Norwegian oil company Statoil is aiming to boost its output by a third over the next decade with much of the new oil coming on line after 2016. Statoil said its oil and gas production would rise to mo... View more

Statoil eyes bid for UAE oil, gas fields

January 31, 2011

NORWEGIAN oil firm Statoil aims to bid for oil concessions in the UAE due to expire in 2014 as it targets more business in the country s energy industry a senior executive says. We re looking at gas a... View more

PTTEP buys stake in Statoil assets

November 29, 2010

Thailand s PTT Exploration and Production will pay 2.28 billion (C 2.32 billion) for a 40 per cent stake in Statoil s Canadian oil sands project the latest in a series of major Asian investments in th... View more

Statoil agrees $1.3bn US shale gas venture

October 18, 2010

Norwegian oil firm Statoil is expanding further its shale gas operations in the US saying it has created a joint venture with Canada s Talisman to acquire acreage on the Eagle Ford prospect in Texas f... View more

Morgan, Statoil to trade for PBF

October 11, 2010

PBF Energy a new oil refiner backed by a 2 billion private equity bet on distressed assets said it picked US investment bank Morgan Stanley and Norway s StatoilHydro to handle its oil trading. The dea... View more

Sinochem wins $3bn Statoil Brazil stake

May 31, 2010

Sinochem Corp won the bidding for a 3.07 billion stake in a Statoil offshore oil field in Brazil Statoil said marking China s second major oil and gas deal in Latin America since March. China s CNOOC ... View more

Total, Statoil Q4 profits plunge

February 22, 2010

French oil company Total and Norwegian rival Statoil reported drops in fourth-quarter profit due to weak refining margins and lower gas prices echoing a theme seen across the sector. Total said fourth... View more

Chevron, Statoil, Total join oil earnings boom

August 10, 2008

Chevron Corp has said record oil prices drove second-quarter earnings up 11 per cent to its highest-ever profit but weak margins from gasoline production led to a big loss at its refining operations. ... View more

Statoil, Hydro $36bn oil merger approved

July 15, 2007

Shareholders in Norway s Statoil and Norsk Hydro have approved Statoil s planned 36 billion acquisition of Hydro s oil and gas business to create a Norwegian giant capable of competing globally. Extra... View more

Statoil extends production goal

June 25, 2006

Norwegian energy group Statoil plans to squeeze more out of its operations in Norway -- the bedrock of its business -- and repeated its 2006 and 2007 oil and gas production targets. Statoil aims to pr... View more

Statoil and Norsk in Russia accord

June 26, 2005

Norwegian energy groups Statoil and Norsk Hydro have agreed to work with Russian gas giant Gazprom in charting petroleum resources in Russia s far north the firms said. The deal which includes develop... View more

Statoil expecting gas shift profits

June 19, 2005

Norway s Statoil does not expect that a planned shift of focus to gas from oil will weigh heavily on future profits even though oil projects have traditionally offered higher returns. Statoil chief ex... View more

Norway likely to reduce stake in Statoil

January 9, 2005

The Norwegian government may reduce its stake in energy group Statoil some time this month. The Norwegian govern-ment currently holds 77 percent of the oil and gas group but it has a parliamentary man... View more

Statoil predicts further rise in gas sales

December 26, 2004

Gas sales by Norwegian energy group Statoil will keep rising until at least 2010 from a record high of about 21 billion cubic metres in 2004 Statoil s head of gas operations has said. Rune Bjoernson a... View more

Statoil studying Statfjord plan

December 7, 2004

Norway s Statoil is still assessing a plan to extend the life of its huge Statfjord oil and gasfield in the North Sea but the recent surge in oil prices has not boosted its prospects. On the 25th anni... View more

Statoil eyeing Barents push

August 28, 2004

Norwegian oil and gas group Statoil will intensify its focus on the Arctic Barents Sea in its quest for future growth its new chief executive said. Helge Lund who took the helm at Norway s biggest com... View more

Higher output boosts Statoil

August 8, 2004

Norwegian energy group Statoil has reported a 38 per cent rise in second-quarter operating profit a little short of analysts expectations driven by strong oil prices and above-forecast output. It repe... View more

Norway boost as Statoil stake sold

July 17, 2004

Norway sold a discounted 4.6 per cent stake in energy company Statoil to cash in on a recent share gain and boost its liquidity. The placement of 100 million shares worth about 8.5 billion Norwegian c... View more

Statoil cleared of liability in Iran accord

June 28, 2004

Norwegian oil and gas group Statoil said that a report ordered by the board had cleared the company from any criminal liability connected to a controversial consultancy deal in Iran last year. There i... View more

Statoil upgrades reserves

May 8, 2004

Norway s Statoil has upgraded proven reserves of gas and condensate at its Alve discovery in the Norwegian Sea following the completion of an appraisal well. The discovery lies 10 km south-west of the... View more

Norway not to cut controlling stake in Statoil

April 26, 2004

Norway has no plan to cut its controlling stake in oil and gas firm Statoil the government said dampening the prospects of an imminent sell-off and lifting the company s shares. We have no plans to se... View more

Acquisition is key to Statoil success

April 11, 2004

Norwegian oil and gas group Statoil will likely need acquisitions to increase its resource base to hit its 2007 target for production and reserves replacement its acting chief said. Statoil aims to in... View more

Statoil eyeing Libyan fields

April 4, 2004

Norwegian oil and gas group Statoil is assessing opportunities for oil and gas exploration in Libya which last week signed a gas deal with Shell as a step towards breaking out of isolation Statoil sai... View more

Statoil stands by forecasts as profits rise 13pc

February 22, 2004

Statoil the Nordic region s biggest oil and gas group reported a 13 per cent rise in fourth-quarter operating profits on the back of strong prices and record output and stood by its key forecasts. The... View more

Statoil planning to drill in Iran gasfield next month

January 18, 2004

Norwegian oil and gas group Statoil said it would begin drilling in one of the world s biggest gasfield Iran s South Pars in the Gulf next month and that the project was going according to plan. Stato... View more

Hydro rules out merger with Statoil

February 3, 2003

The head of Norway s Norsk Hydro said he was convinced that merging the group s oil and gas operations with Statoil would not benefit Norsk Hydro shareholders and it will not happen. The remarks from ... View more

Statoil set to boost Iranian involvement

December 15, 2002

Iranian National Oil Company (NIOC) and Norway State-Owned Oil Company (Statoil) have decided to continue cooperating in the oil and gas sector. The decision was taken at a meeting between the head of... View more

Statoil to enhance Iranian output

September 2, 2002

Norwegian oil major Statoil has submitted a plan to Iran to help squeeze more crude from the country s oilfields the company s chief executive has said. It will make an important contribution to the w... View more

Norway rules out Statoil plan to buy Norsk Hydro

August 19, 2002

Norway s Oil and Energy Minister has dismissed suggestions by state-controlled oil group Statoil that it might buy the energy unit of its main domestic rival Norsk Hydro. We have not received any sign... View more

Statoil to take lone path despite difficult market

August 12, 2002

Norwegian oil and gas major Statoil can reach all financial long-term goals on its own despite a difficult market outlook and is not aiming to find a partner its chief executive said. If your strategy... View more

Statoil complies with curbs

July 1, 2002

Norwegian energy group Statoil has said it had cut output at its Statfjord East Glitne and Norne oilfields at the end of last month to meet production curbs imposed by Oslo. Norway had promised to hol... View more

Statoil on track to meet goals

May 13, 2002

Norwegian state-controlled energy group Statoil said that soft oil prices cut first-quarter operating profits by a bigger-than-expected 35 per cent but reaffirmed it was on track to meet output goals.... View more

No tie-up with Statoil stresses Hydro

May 6, 2002

Norwegian energy fertilisers and metals conglomerate Norsk Hydro has said it had no plans to merge with Norwegian state-controlled oil firm Statoil. I note that some people have voiced a merger as an ... View more

Norway rules out Statoil stake reduction

April 22, 2002

Norway has no plans to further reduce its 82 per cent stake in oil major Statoil the country s Oil and Energy Minister said. Asked whether the Norwegian government planned to use a provision from the ... View more

Statoil posts 11pc rise in pre-tax profit

November 5, 2001

Norwegian energy group Statoil has posted an 11 per cent increase in its pre-tax profits beating analysts expectations and upholding its future financial estimates despite growing market uncertainties... View more

Statoil hopes for additional acreage

September 24, 2001

Norwegian energy group Statoil has said that it was hoping to be awarded acreage additional to existing fields in the 2001 North Sea licensing round announced recently. We are interested in acreage wh... View more

Oslo saving for the future with Statoil plan

June 10, 2001

Norway s government has proposed to transfer the state s revenues from a partial privatisation of state oil and gas firm Statoil to its oil fund saving wealth for future generations. Norway s Finance ... View more

Statoil 'to be worth $18bn'

June 4, 2001

Norway s state oil firm Statoil has said it will be worth about 145 to 166 billion crowns ( 15.76 to 18.04 billion) after a partial privatisation on June 18 the nation s biggest to date. The partial s... View more

Statoil to be listed in Norway's largest privatisation project

May 21, 2001

Norway s government aims to list between 15 and 25 per cent of state oil firm Statoil on the Oslo and New York stock exchanges from June 18 in the Nordic nation s biggest privatisation. The Oil and En... View more

Petronas and Conoco to buy Statoil Malacca stake

April 2, 2001

Malaysia s Petronas and US oil corporation Conoco have signed a memorandum of understanding (MoU) with Statoil to acquire the latter s 15 per cent share of the joint venture Malaysian Refinery Co (MRC... View more

Statoil chief optimistic on June listing despite political niggles

April 2, 2001

The chief of Norway s state-owned oil and gas company Statoil has said he was optimistic the firm would get a stock market listing in June despite some political wrangling over its part-privatisation.... View more



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