Arctic oil dreams get $7billion Norway lifeline amid slump
Norway’s Arctic ambitions just got a $7 billion boost from Statoil.
Statoil
Statoil chooses FPSO for Johan Castberg
Norwegian operator Statoil has decided to develop its Johan Castberg discovery in the Barents Sea using an FPSO (floating, storage and offloading vessel). The company’s chief executive Eldar Saetre told a seminar in Norway that the planned concept would work well in moving the project forward at a lower cost.
Statoil awarded highest number of Norwegian oil licences in a decade
National oil company Statoil has been awarded the highest number of licences since 2005 by the Norwegian authorities.
How sub-$30 crude can be a boon for Norway’s giant oilfield
Given a choice, Statoil ASA and the other owners of the giant Johan Sverdrup oilfield would have preferred to avoid the collapse of crude prices that has upended the industry.
Statoil finds temporary work for Scarabeo 5 rig
Norwegian operator Statoil is looking to reactivate a suspended rig to carry out well plugging work in the North Sea. The Scarabeo 5 had previously been suspended by the company from October last year.
Statoil to cut development costs on Johan Sverdrup field
Norwegian operator Statoil will cut the development costs at the Johan Sverdrup field. The company’s partner,Det Norske Oljeselskap, said the move was being made as low oil prices continue.
Statoil acquires minority stake in Lundin Petroleum
Statoil has acquired a minority stake in Norwegian operator Lundin Petroleum.
Statoil agrees on Trestakk development after cutting costs by 30%
Norwegian operator Statoil and its partners have agreed on a development for the Trestakk oil and gas discovery off the coast of Norway after reducing initial costs estimated by 30%.
Songa rig in repairs after BOP failure
Songa Offshore said one of its rigs is currently being repaired after a blowout preventer equipment failure while final tests were being carried out on location at Statoil’s Troll field. The company said all required spare parts are on the Songa Endurance ready to resolve the incident.
Statoil signs agreements with OneSubsea and AkerSolutions
Statoil has signed new agreements with OneSubsea and Aker Solutions. The Norwegian operator said the agreement signed form the basis for potential new EPC contract for subsea equipment in the medium term future.
Statoil evacuates staff from Karsto after gas leak
Statoil has evacuated workers from its Karsto processing plant after a suspected gas leak.
I do! Statoil worker gets surprise proposal on Norwegian platform
An oil worker started his New Year in the most unexpected way - with a proposal in the middle of the North Sea. Ole Saupstad Berntsen had been working on Statoil's Statfjord C oil platform when his partner Tone Kvamsdal flew on board to surprise him.
Statoil hit with safety warning for Valemon
The Norwegian Petroleum Safety Authority has found a number of non-conformities on Statoil’s Valemon platform in the North Sea.
Statoil sees risk of deeper slump as oil touches 12-year low
Statoil ASA, Norway’s biggest energy company, said an oil rout that’s pushed prices to a 12-year low may still get worse.
Statoil applies for exclusion zone around Njord field
Statoil has reportedly applied for an exclusion zone around its Njord field in Norway.
Statoil signs up for new M-I Swaco tank cleaning technology
Statoil has awarded M-I Swaco a four-year NK500 million for new tank cleaning technology for supply vessels that offers a safer, environmentally friendly solution.
Statoil renegotiates terms with suppliers in NOK11billion deal
Statoil has renegotiated the terms of two of its long-term contracts with its suppliers.
Offshore worker killed by huge wave named by authorities
A man killed offshore after a freak wave hit a semi-submersible drilling rig in the Norwegian North Sea has been named. Rune Morten Narvag, 53, died last week after fierce weather across the North Sea caused by Storm Frank.
Statoil to conduct CCS studies in North Sea fields
Statoil has been asked by the Norwegian Government to conduct new studies on carbon storage on the Norwegian continental shelf.
Statoil delays Mariner contract, sees fee increase by $55million
Statoil’s decision to delay its Mariner contract with Prosafe has seen the final contract total increase by $55million.
24 hours that brought tragedy and chaos to North Sea
The fierce storm that had battered the UK mainland also brought 24 hours of tragedy and chaos to the North Sea, leaving one oil worker dead, an unmanned barge drifting out of control, hundreds of personnel evacuated and production shutdown on several oil platforms.
Updated: Aker Solutions pays tribute to worker killed offshore
Aker Solutions has confirmed the oil worker killed when a freak wave hit the COSL Innovator drilling rig worked the Norwegian oil services firm.
Songa Endurance kickstarts eight-year deal with Statoil
Songa Endurance has commenced drilling operations for its eight year deal with Statoil.
Statoil and Repsol complete Gudrun and Eagle Ford deals
Statoil and Repsol have completed two of the transactions announced on 11 December 2015.
Rig boss says offshore worker’s death is “worst nightmare”
The boss of the drilling company that owns the rig on which an offshore worker died ,after it was struck by a freak wave, said the incident was his "worst nightmare".