Statoil finds more oil in North Sea

Norwegian state-controlled oil company Statoil announced Tuesday that its latest discovery in the North Sea can be even bigger than officials thought when it was first made public earlier this month. It could end up as one of the 10 largest oil discoveries ever on the Norwegian continental shelf. The new discovery at the Aldous [...]

Oslo Stock Exchange continues fall

The Oslo Stock Exchange’s main index fell by 5.65 percent to 344.39 by the end of trading on Monday, as turbulence in the international financial markets continued and predictions that a new financial crisis was on the way gathered pace. In step with other European indexes, the Oslo Stock Exchange rallied during the morning after [...]

Statoil in massive North Sea discovery

Norwegian part state-owned oil and gas enterprise Statoil has found new oil deposits in the North Sea that could represent the largest new discoveries in the past 20 years, eclipsing massive finds already revealed in 2011. The 65 meter oil column located in sandstone from the Jurassic period, estimated to contain at least 200 to [...]

Shale gas protests spoil Statoil’s party

Statoil was celebrating 10 years as a stocklisted company this week and promising more growth, but not everyone was keen to congratulate Norway’s biggest company. Instead, angry residents in the eastern United States believe Statoil’s much-touted shale gas extraction is contaminating their drinking water, leaving Statoil with another environmental problem. Statoil already has been under [...]

Statoil expands amidst controversy

Norwegian oil company Statoil is barreling ahead with major expansion plans for its oil and gas production, despite ongoing complaints from the country’s environmental lobby. While one activist accused Statoil of spreading its “dirty business” all over the world, company management was greasing the skids for growth. Lars Haltbrekken, head of Friends of the Earth [...]

Statoil bashed over spill preparedness

State pollution authorities have monitored state oil company Statoil’s oil spill preparedness at Haltenbanken in the North Sea, and they’re not pleased. Statoil was caught breaking the law on several points, and deficient on others. Statoil operates five oil fields on Haltenbanken and has come under new harsh criticism, reports newspaper Aftenposten. Oil spills or [...]

Grandmothers pressuring Statoil

A diverse coalition of 24 political groups ranging from Greenpeace to Grandparents Climate Action of Norway has demanded that Norway’s government and parliament force Statoil to pull out of a controversial oil sands venture in Canada. This week Terje Aasland (left), chairman of the business and trade committee in the Norwegian parliament (Storting), was handed [...]

Maryland sues Statoil after accident

The state of Maryland in the USA will sue Norway’s part state-owned oil and gas entreprise Statoil for alleged contamination of drinking water, in connection with the operations at nearby Bradford County in Pennsylvania. The shale gas project had already met opposition before an accident over Easter, during which a gas well exploded and thousands [...]

Leak closes Statoil’s Njord field

The discovery on Easter Sunday of a gas leak at the Njord oil and gas field, operated by Norwegian part state-owned company Statoil, has resulted in the closure of the field. The leak was discovered at 14:00 on Easter Sunday using handheld monitoring equipment and comes from a special type of flexible riser between the [...]

Statoil rated as world’s best

Norway’s part state-owned oil and gas enterprise Statoil often gets a lot of criticism at home, but internationally,  it has achieved a top spot in Fortune magazine’s “World’s Most Admired Companes” rankings. The rankings stem from evaluations by industry experts and analysts from around the world, who have ranked companies based on a number of [...]

Statoil wins licenses for new oil fields

The Norwegian part state-owned gas and oil giant Statoil is the big winner in the latest licensing round for new areas of the Barents Sea and Norwegian Sea, as the company also announced large discoveries off the coast of Brazil. In the so-called 21st licensing round, which was undertaken by the government at the end [...]

Grandparents apologize to Canada for Statoil

Norwegian state oil company Statoil appeared in front of a Canadian court on Wednesday for the first preliminary hearing of a case in which the company stands accused of misusing water sources in connection with their controversial Alberta oil sands projects. The embarrassment felt by Norwegian environmentalists for Statoil’s involvement led one group, Grandparents Climate [...]

Statoil in huge new oil find

Norway’s part-state owned oil and gas enterprise Statoil has made a “significant” discovery of oil and gas in the Norwegian section of the Barents Sea – thought to be the most significant find on the Norwegian shelf during the last 10 years. The Barents Sea, which lies north-east of Norway and directly above the Russian [...]

Statoil slammed over gas leak

Norway’s state-owned oil and gas enterprise Statoil has come in for more withering criticism, this time over an accident on another of its North Sea platforms, Gullfaks B. Regulators and their investigators are scolding the company for its “serious shortcomings” and failure to learn from earlier mistakes. The incident occurred in December during testing after [...]

Statoil flees Libya but oil prices rise

Norway’s state-controlled oil and gas company, Statoil, has decided to close its office in the Libyan capital of Tripoli and withdraw all non-Libyan personnel, in response to protests and violence across the country. Statoil operates oil projects in Mabruk og Murzuk in the Libyan desert, working jointly with Libyan state enterprise NOC. The Norwegian firm [...]

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