Statoil

Statoil Exiting Alaska, Says Chukchi Not Competitive

Statoil ASA, which has for seven years built a portfolio of prospects in the Chukchi Sea, said Tuesday it would exit Alaska following poor exploration results at a neighboring lease held by Royal Dutch Shell plc.

November 17, 2015

Statoil, Partners Capture Frontier Leases Offshore Newfoundland, Nova Scotia

Statoil ASA and its partners ExxonMobil Corp., Chevron Corp., BP plc and BG plc have claimed six frontier exploration licenses in the Flemish Pass Basin offshore Newfoundland, as well as two licenses to explore for oil and natural gas offshore Nova Scotia.

November 13, 2015

Statoil Faces $223,000 Fine For Ohio Well Pad Fire

Ohio regulators have fined Statoil ASA $223,000 for a series of violations they discovered after completing a review of an explosion and fire that occurred last year at an eight-well pad operated by the company in Monroe County (see Shale Daily, June 30, 2014).

September 17, 2015
Statoil CEO Says Reducing Costs, Lowering Emissions Interlinked Industry Challenges

Statoil CEO Says Reducing Costs, Lowering Emissions Interlinked Industry Challenges

The oil and natural gas industry is facing two huge challenges, improving competitiveness and managing a transition toward a low carbon future, which combined represent "quite a frightening cocktail if we do not manage them in a proper way," Statoil ASA's CEO said.

April 27, 2015
Statoil CEO Says Reducing Costs, Lowering Emissions Interlinked Industry Challenges

Statoil CEO Says Reducing Costs, Lowering Emissions Interlinked Industry Challenges

The oil and natural gas industry is facing two huge challenges, improving competitiveness and managing a transition toward a low carbon future, which combined represent “quite a frightening cocktail if we do not manage them in a proper way,” Statoil ASA’s CEO said.

April 27, 2015
Collaboration Helping to Lower Statoil’s U.S. Onshore Costs, Emissions

Collaboration Helping to Lower Statoil’s U.S. Onshore Costs, Emissions

To improve competitiveness in the oil and gas industry, don't work separately, work together, Statoil ASA CEO Eldar Saetre said…

April 27, 2015
Collaboration Helping to Lower Statoil’s U.S. Onshore Costs, Emissions

Collaboration Helping to Lower Statoil’s U.S. Onshore Costs, Emissions

To improve competitiveness in the oil and gas industry, don’t work separately, work together, Statoil ASA CEO Eldar Saetre said last week.

April 27, 2015

Statoil Sells Marcellus Stake to Southwestern For $394M

Norway’s Statoil ASA has agreed to sell its average working interest (WI) in more than a half million non-operated acres in the Marcellus Shale to Southwestern Energy Corp. for $394 million.

December 23, 2014

Investigation, Cleanup Ongoing at Site of Statoil Fire in Ohio

An investigation into the cause of a large fire last weekend at a Statoil ASA drilling site in Monroe County, OH, near the West Virginia state line continued on Thursday. Cleanup efforts were expected to last several days, said an Ohio Department of Natural Resources (ODNR) spokesman, Thursday.

July 3, 2014

Statoil, NASA to Explore Related NatGas/Space Technologies

Statoil and the National Aeronautical and Space Administration (NASA) have formed a partnership to explore how technologies and knowledge from the space and oil and natural gas industries can be relevant to one another, the Norway-based company said.

November 26, 2013