Latest news
Statoil Q3 net profit down by 25 %
The Norwegian oil company, Statoil announced a drop of its profit by 25 percent in the third quarter, mainly due to increased production costs and a higher tax rate.
read more... 31/10/2011
North Sea field hides more oil than predicted
In August this year, Statoil discovered a huge quantity of oil in the North Sea fields, with recoverable reserves estimated between 500 million to 1.2 billion barrels.
read more... 20/10/2011
Statoil discloses the size of North Sea oil discovery
Acording to the Statoil estimations, the Aldous and Avaldsnes oil discoveries in the North Sea, could be the country’s largest oil discoveries since the 1980s, which may hold 500 million to 1.2 billion barrels of recoverable oil.
read more... 19/08/2011
Statoil makes new discovery near Oseberg
Norway’s Statoil ASA has discovered oil and condensate in the North Sea’s Krafla West prospect. Located around 26 kilometers south-west of the producing Oseberg South find, the discovery well encountered hydrocarbons in two columns with a total thickness of 300 meters.
read more... 01/07/2011
Statoil to explore deepwater prospect in Gulf of Mexico
The Norwegian oil firm said on Wednesday that it is buying a stake in a deepwater prospect, called Kakuna in the Gulf of Mexico, operated by Nexen, a global energy leader based in Canada.
read more... 10/06/2011