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Statoil set to keep drilling in the Arctic

Norwegian state oil company Statoil intends to drill just as many exploration wells in the Barents Sea next summer as it did this summer, even though...

‘Harvey’ halts Statoil’s production in Texas

Norwegian oil company Statoil is among the many in Texas to shut down operations, evacuate employees and halt production as the extreme weather system "Harvey" continued...

Statoil pumps up its profits once again

Norway's biggest and arguably most important company, Statoil, impressed analysts with its second-quarter results on Thursday. The company is clearly benefiting from higher oil...

Statoil finds more oil in Norwegian Sea

State oil company Statoil reported Monday that it had struck more oil during exploratory drilling in the Norwegian Sea. The new discovery at the...

Statoil invests in oil field upgrades

Norway's state oil company Statoil announced this week that it will be investing nearly NOK 20 billion (USD 2.35 billion) to extend the lifetimes...

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 makes more big investments in Sverdrup

Norwegian oil company Statoil was busy handing out more large contracts this week, and raising spirits in the still-sluggish oil and offshore industry. This time...

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...

Kværner wins huge Statoil contract

A contract for upgrading Statoil's Njord A platform was being formally awarded to the Kværner Stord yard on Norway's West Coast on Friday. The contract is...

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...
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