Statoil suspends two North Sea oil rigs
Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity. More »
Marathon’s profit falls 24 percent on crude price slump
Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production. More »
Statoil projects big returns from massive North Sea oil field
The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day. More »
Statoil suffers first loss on oil-sands project, crude drop
Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices. More »
End to oil collapse in sight for BofA, BNP Paribas
Some of the world’s biggest banks say the collapse in oil is just about over. More »
Oil slump means canceled projects as investment declines
With oil approaching a four-year low, producers will be cautious about sanctioning investment, according to some experts. More »
BG Group appoints Statoil CEO to end leadership void
BG’s new appointment may end a turbulent three-year period where the company’s stock dropped 35 percent. More »
Statoil sells stake in Azerbaijan gas project
Norwegian energy company Statoil says it has sold its stake in the Shah Deniz gas project in Azerbaijan to Malaysian company Petronas for $2.25 billion. More »
Project aims to trade calendar for risk in maintaining BOPs
Oil companies, drilling contractors and manufacturers are collaborating on a project to shake up the way the emergency devices known as blowout preventers are kept in good condition. More »
Norwegian oil services strike averted
Norway’s Industri Energi union and the oil and gas producer lobby reached an agreement on pay, averting a strike at companies including Halliburton Co., Schlumberger and Baker Hughes. More »
Video: Onboard the Maersk Developer
Take a look at operations on the Maersk Developer as it drills an exploratory well for Statoil in the Gulf of Mexico. More »
Statoil strikes out in well at center of Greenpeace standoff
Statoil ASA failed to find oil in the northernmost site ever drilled off Norway’s Arctic tip. More »
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