Statoil: Launches Cap-X Subsea Field Development Concept to Reduce Subsea Costs
At the Barents Sea Conference in Hammerfest today, a new subsea concept developed by Statoil was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil. The new subsea solution is called Cap-X. “Once again we aim to drive subsea technology development on the Norwegian continental …
KCA Deutag: Retained for Statoil's Gullfaks and Oseberg Fields
Leading international drilling and engineering contractor KCA Deutag today announces it has retained the drilling contract for seven of Statoil’s platforms on the Norwegian Continental Shelf. The contract is for the provision of drilling operations, maintenance services and engineering support for the Gullfaks and Oseberg fields. This extension from the …
KCA Deutag: Retained for Statoil’s Gullfaks and Oseberg Fields
Leading international drilling and engineering contractor KCA Deutag today announces it has retained the drilling contract for seven of Statoil’s platforms on the Norwegian Continental Shelf. The contract is for the provision of drilling operations, maintenance services and engineering support for the Gullfaks and Oseberg fields. This extension from the …
Statoil: Launches USD 200m New Energy Investment Fund
Statoil today launches a new venture capital fund dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. The new fund, Statoil Energy Ventures, will invest up to USD 200 million (around NOK 1.7 billion) over a period of …
Statoil: Acquires Roughly 12% of Ludin Petroleum
Statoil ASA has acquired 37,101, 561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and votes, at a total purchase price of approximately SEK 4.6 billion. The investment in Lundin Petroleum will increase Statoil’s indirect exposure to core assets on the Norwegian Continental Shelf (“NCS”). …
Statoil: Signs Subsea Agreements with Aker Solutions and OneSubsea
Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also …
Statoil and Repsol Trade Assets in UK, Norway, USA and Mexico
These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies. – Statoil farms down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a …
Statoil: Sells its 20% Stake in the Trans Adriatic Pipeline for EUR 208m
Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of EUR 208 million. This amount is for both Statoil’s shares …
Oil and Gas Climate Initiative: CEO's Call For Climate Change Action
CEO’s of 10 global oil and gas companies make collaborative declaration on climate change: – Call for an effective climate change agreement at COP21. – Strengthen actions and investments to contribute to reducing the GHG intensity of the global energy mix. – Support the implementation of clear stable policy frameworks …
Oil and Gas Climate Initiative: CEO’s Call For Climate Change Action
CEO’s of 10 global oil and gas companies make collaborative declaration on climate change: – Call for an effective climate change agreement at COP21. – Strengthen actions and investments to contribute to reducing the GHG intensity of the global energy mix. – Support the implementation of clear stable policy frameworks …