Posted on November 6, 2014 at 12:34 pm by Bloomberg in
Arctic,
Offshore |
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 Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.
More »
Posted on November 3, 2014 at 1:57 pm by Joshua Cain in
Arctic,
Europe,
Offshore |
The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day.
More »
Posted on October 29, 2014 at 11:15 am by Bloomberg in
Corporate governance,
Crude oil,
Europe |
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 »
Posted on October 16, 2014 at 7:23 am by Bloomberg in
Crude oil,
Finance/Earnings
Some of the world’s biggest banks say the collapse in oil is just about over.
More »
Posted on October 16, 2014 at 7:16 am by Bloomberg in
Crude oil,
featured,
Finance/Earnings
With oil approaching a four-year low, producers will be cautious about sanctioning investment, according to some experts.
More »
Posted on October 15, 2014 at 7:10 am by Bloomberg in
Europe,
featured,
People
BG’s new appointment may end a turbulent three-year period where the company’s stock dropped 35 percent.
More »
Posted on October 13, 2014 at 6:31 am by Associated Press in
Asia,
Deals,
featured
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 »
Posted on August 27, 2014 at 2:39 pm by Jennifer A. Dlouhy in
Offshore
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 »
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 »
Posted on June 24, 2014 at 6:00 pm by Jennifer A. Dlouhy in
Gulf of Mexico,
Offshore
Take a look at operations on the Maersk Developer as it drills an exploratory well for Statoil in the Gulf of Mexico.
More »
Posted on June 23, 2014 at 10:35 am by Bloomberg in
Arctic,
Environment
Statoil ASA failed to find oil in the northernmost site ever drilled off Norway’s Arctic tip.
More »