Latest news

OMV in plans for $6bn initial spend to develop Norway oil discovery

Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday.

read more... 17/01/2019


Savannah makes oil discovery at Kunama-1 exploration well in Niger

The oil find at the Kunama-1 well, which was drilled by the GW 215 Rig to a total measured depth of 2,460m, marks the firm’s third consecutive discovery in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in ARB.

read more... 13/07/2018


A huge oil discovery made by Statoil on the UKCS

A corporation managed by Statoil has made a huge oil finding on the UK Continental Shelf (UKCS), at Verbier sidetrack well in the outer Moray Firth.

read more... 09/10/2017


Statoil acquires Petrobras assets in Carcará oil finding for $2.5 billion

Norwegian oil major Statoil ASA declared on Friday it had decided to acquire Petrobras' 66% operated interest in the BM-S-8 offshore license in Brazil's Santos basin for $2.5 billion.

read more... 29/07/2016


Statoil finds new oil bonanza in North Sea

Norwegian oil giant Statoil unveiled on Tuesday it discovered at least 30 million barrels of oil in the Grane area in the Norwegian waters of the North Sea, being a result of a recent re-evaluation of the area.

read more... 22/10/2014