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Myanmar Oil gas blocks to be explored by Shell, Statoil, Total and others

The most important international oil companies, such as Statoil, Conoco Phillips, Royal Dutch Shell and Total, have been awarded with the rights to perform explorations for oil and gas off Myanmar, as stated by the Ministry of Energy in the Southeast Asian country.

read more... 27/03/2014

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ENI obtains refund from Statoil on revised gas agreement

ENI, a major integrated energy company based in Italy and one of Europe’s leading gas wholesalers, inked an agreement on Thursday to review its long-term gas supply contract with Norway's Statoil that is supposed to increase its operating profit by approximately 1 billion euros ($1.4 billion) in 2014.

read more... 28/02/2014

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Statoil to develop Norwegian oil field

Statoil has announced that together with its partners they have agreed on a concept for the expansion of the Johan Sverdrup field, one of the five biggest discoveries ever made offshore Norway, estimating a first phase investment of up to NOK120bn ($19.6bn).

read more... 20/02/2014

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Siemens secures two contracts for Dudgeon offshore wind farm in UK

Siemens, as operator, has been awarded two contracts valued at £516m from Statoil for the Dudgeon offshore wind farm project.

read more... 16/01/2014

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Norwegian oil giant Statoil saw its profits slip in the third quarter of 2013

Norwegian oil giant Statoil announced a decrease of about 6% in its net income in the third quarter of this year. The company's net profit was 13.7 billion Norwegian kroner ($2.4 billion), compared to the same period of a year before, when it registered with NOK 14.5 billion.

read more... 30/10/2013

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