A new generation UK oil & gas junior is in the final stage of buying its way into the Mariner heavy oil field having agreed to purchase a chunk of JX Nippon Exploration & Production UK’s 28.89% stake.
Statoil today insisted it had met the terms to pull the plug on its COSL Innovator contract for its Troll licence.
Gernmany's Wintershall has commemorated the first anniversary of taking over the Vega subsea oil and gas field with this new animation.
Statoil has chosen to terminate as rig contract with COSL while also suspending another agreement with the company.
Statoil employees been awarded bonuses of more than NOK50,000 on their average pay.
Norwegian operator Statoil and Shell have decided to put the concept selection process for the Bressay field on the UK Continental Shelf.
Statoil has re-entered the Irish exploration region after being awarded six Licensing Options in Ireland’s 2015 Atlantic Margin Licensing Round.
Statoil today confirmed it had kick-started production drilling on its flagship Johan Sverdrup development.
Statoil’s Cat J jackup rig was specifically designed to leverage a maturing Norwegian Continental Shelf.
Songa Offshore recorded a $34million profit in the final quarter of 2015.
Oilfield services company Expro, has secured a new framework agreement with Statoil to provide equipment for the Norwegian Continental Shelf.
Statoil has made a "minor" gas discovery near the Oseberg field in the North Sea.
Statoil confirmed it was on the hunt for renewables firm to invest in.
Norwegian oil producer Statoil sees the crude price downturn as a chance to slash costs and become more efficient, with a senior executive calling it a "great opportunity" to improve operations.
Standard & Poor's cut its corporate credit ratings on BP, Total and Statoil, citing the Europe-based oil and gas companies' persistent weak debt coverage measures over 2015-2017.
Statoil has awarded the NOK1.1billion 10-year contract for insulation, scaffolding and surface treatment maintenance services at Sture and Kollnes to services company Prezioso Linjebygg.
NorSea Group has struck a deal with Statoil for the use of its Strodbase in Norway to assemble the world’s first floating windfarm off the coast of Aberdeenshire.
Statoil has abandoned plans for a new platform to develop its Snorre 2040 project off Norway.
Statoil has decided to cancel contract with Maersk Gallant rig.
Statoil said it has agreed with OMV to acquire a 30% working interest in a Petroleum Exploration Permit in New Zealand.
This video marked the first steel being cut for the Johan Sverdrup platform on the Norwegian Continental Shelf.
BP has confirmed start-up at its In Salah Gas project in Algeria.
First steel has been cut for Statoil's Johan Sverdrup drilling platform for the North Sea, marking a major milestone for the firm's flagship development.
Statoil has signed a farm-in agreement with Tullow to acquire a 35% interest in an exploration block offshore Uruguay.
Statoil is to launch a new investment fund specifically for investment in renewable energy.