Tag: Statoil
‘Fairy tale’ start for new ‘Equinor’
With oil prices now up to around USD 80 a barrel for Norway's North Sea crude, this brand-new drilling rig for the country's state-controlled...
Statoil’s new name pumps up critics
"No, no, no Statoil" bellowed the headline on one of the many responses in Norwegian media this week to the Norwegian oil company's proposal...
Oil field to be ‘a money machine’
Norway's giant Johan Sverdrup oil field, located just 155 kilometers west of Stavanger, is being called "a money machine" even before production starts up...
Statoil boss gets a big raise
Eldar Sætre, chief executive of Statoil, was planning to retire when he turns 62 in February. Now Statoil's board has offered to give him...
Statoil scolded over workers’ buyouts
Norway's state oil company Statoil was the target of some angry editorials and complaints this week, after newspaper Dagens Næringsliv (DN) reported just how...
Statoil strategist secures severance
Norwegian oil company Statoil has quietly confirmed that its low-profile executive John Knight will be resigning his post at chief strategist on January 1, 2019. He'll...
Statoil optimistic in a new oil market
After years releasing a lot of bad news, the chief executive of Norway's biggest and arguably most important company now seems defiantly optimistic. Statoil CEO...
Statoil admits to lack of maintenance
Norwegian state oil company Statoil admitted late last week that it had underestimated the risk of inadequate maintenance at both its Mongstad plant on...
Statoil faces new corruption probe
As Norway's state-controlled oil firm Statoil wraps up another challenging year, it also faces a new state probe into possible corruption involving a high-ranking...
Statoil admits to safety flaws
Norway's biggest company, the Stavanger-based oil and energy firm Statoil, has concluded that its safety routines were lacking in at least two alarming incidents...
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