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Shetland-Lista nod for Statoil Steve Marshall 22 December 2015 12:17 GMT Statoil has gained approval from the authorities for an amended development plan that will enable it to develop the Shetland and Lista discoveries at the Gullfaks field in the Norwegian North Sea.
Statoil looking at Schlumberger’s Campeche seismic data (Mexico) http://www.offshoreenergytoday.com/statoil-looking-at-schlumbergers-campeche-seismic-data-mexico/
18 December 2015 08:31 GMT Statoil aims to invest Nkr8.2 billion ($935 million) to develop its West Flank 2 satellite find at the Oseberg field off Norway using a novel unmanned platform, with a fabrication contract for the facility set to be awarded early next year. http://www.upstreamonline.com/live/1419671/statoil-eyes-oseberg-platform-award
VIDEO: Statoil has a blast on Sverdrup State-run operator makes explosive start to electrification of giant field off Norway 18 December 2015 15:07 GMT http://www.upstreamonline.com/live/1419696/statoil-has-a-blast-on-sverdrup Statoil has literally launched electrification of its Johan Sverdrup field off Norway with a bang after a controlled explosion to get construction of an onshore converter station under way.
Luke Johnson 17 December 2015 22:25 GMT Statoil cancels US Gulf drillship contract Norwegian operator agrees with Transocean to terminate Discoverer Americas, as drilling plans get murky
Repsol in Statoil asset swap Spanish player to gain Gudrun stake as it cuts exposure to US' Eagle Ford venture Steve Marshall 11 December 2015 07:16 GMT
EU probe into crude oil price fixing drops oil firms Seeking Alpha Dec 7 2015, 11:44 ET | By: Carl Surran, Oil companies including Royal Dutch Shell (RDS.A, RDS.B), BP and Statoil (NYSE:STO) have been dropped from the European Union's probe into potential manipulation of crude oil benchmarks, the European Commission says.
By Ole Ketil Helgesen in Stavanger 27 November 2015 08:43 GMT Norway waits for a response, as cost cuts, unemployment and fears for future projects take their toll Statoil is behaving like most major oil companies these days — delaying projects, cutting costs and reducing its workforce. But how much longer will its major stakeholder, the Norwegian government, sit idly by and allow this to carry on?
Kurdistan official asks for more Canadian assistance, investment Ian Bickis, The Canadian Press Published Tuesday, November 24, 2015 8:29AM EST Oil and gas has been the driver of investment in the region, with oil giants like Exxon Mobil, Total S.A. and Chevron already active in the area. Calgary-based WesternZagros Resources Ltd. was one of the of the first companies into the region after the overthrow of Saddam Hussein and has partnered with Repsol and Gazprom on projects.
By Micheal Kaufman on Nov 23, 2015 at 2:43 pm Est Eni SpA Should Take A Page From Royal Dutch Shell plc Book Bidness Etc takes a look at Eni SpA’s plans to explore crude oil in the Arctic region, following Shell and Statoil’s departure from drilling in the region
Statoil's Gina Krog safety review reveals improvement points November 23, 2015 Norwegian offshore safety inspectors have found room for improvement when it comes to Statoil’s Gina Krog field development in the North Sea, offshore Norway. During a recent inspection of Statoil’s risk and barrier management at the project, the Petroleum Safety Authority Norway (PSA) did not find any major irregularities. However, the safety watchdog, which oversees more than 75 permanent installations and over 40 mobile units on the NCS, has identified five improvement points for Statoil to tackle. Namely, the PSA said that improvements could be made with regards to risk matrixes, ALARP (As Low As Reasonably Practicable), systems and processes for barrier management, vulnerability analysis and area classification and ignition source control. In accordance with the findings, Statoil has been given a deadline of December 7, 2015, to report on how the improvement points will be dealt with. Gina Krog Statoil is developing the Gina Krog oil and gas field, formerly known as Dagny, with a platform resting on the seabed, and the development wells drilled with a jack-up drilling rig. The liquid will be transported via a tanker, and the gas via the Sleipner field. The lower part of the platform, the jacket, was built by Dutch company Heerema, and was recently installed at the offshore location, The topsides are being built by Daewoo Shipbuilding Marine and Engineering (DSME) in South Korea. The Gina Krog field is located 30 kilometers northwest of the Sleipner field and around 250 kilometers southwest of Stavanger, Norway. The development has an estimated 225 million barrels of oil and gas. Sanctioned in 2013, the Gina Krog development is expected to start producing oil and gas in early 2017.
By Steve Marshall and news reports 23 November 2015 13:11 GMT Statoil aims to submit development plans for a pair of fields off Norway and the UK next year as it brings costs down to make greenfield projects commercially viable in a low oil price environment, according to a report.
Statoil Exits Alaska In Critical Moment for Operations in the Arctic http://www.naturalgaseurope.com/statoil-exists-alaska-in-critical-moment-for-operations-in-arctic-26453
Following in Shell's footsteps, oil major Statoil will also exit the Alaskan Arctic https://www.washingtonpost.com/news/energy-environment/wp/2015/11/17/following-in-shells-footsteps-oil-major-statoil-will-also-exit-the-alaskan-arctic/
Big Oil Did Not Happen Overnight http://www.livetradingnews.com/big-oil-did-not-happen-overnight-124573.htm As in all industries that benefit from economies of scale, the Crude Oil and Nat Gas industry has seen many, many mergers and acquisitions over the past 100+ years that have produced the World’s 10 biggest petroleum energy companies.
Norway’s Statoil decided to exit Alaska following recent exploration results in neighbouring leases, in a moment of increasing skepticism about Arctic oil and gas potential. http://www.naturalgaseurope.com/statoil-exists-alaska-in-critical-moment-for-operations-in-arctic-26453 ‘The leases in the Chukchi Sea are no longer considered competitive within Statoil’s global portfolio, so the decision has been made to exit the leases and close the office in Anchorage, Alaska’ reads a statement released on Tuesday.
After Shell in September said it would cease its offshore exploration efforts in Alaska, another oil major has decided to follow suit. http://www.offshoreenergytoday.com/another-oil-major-pulls-back-from-alaska/ Namely, Norway’s largest oil company Statoil on Tuesday said has decided to exit Alaska following recent exploration results in neighbouring leases. The leases in the Chukchi Sea are no longer considered competitive within Statoil’s global portfolio, so the decision has been made to exit the leases and close the office in Anchorage, Alaska, the company said. Tim Dodson, executive vice president for exploration in Statoil, said: “Since 2008 we have worked to progress our options in Alaska. Solid work has been carried out, but given the current outlook we could not support continued efforts to mature these opportunities.” Statoil will relinquish 16 operated leases, and its stake in 50 leases operated by ConocoPhillips, all in the Chukchi Sea. The leases were awarded in the 2008 lease sale in Alaska and expire in 2020.
Statoil Follows Shell in Quitting Alaska http://www.wsj.com/articles/statoil-follows-shell-in-quitting-alaska-1447776182
Statoil Awarded New Exploration Licenses in Offshore Canada http://www.zacks.com/stock/news/198074/statoil-awarded-new-exploration-licenses-in-offshore-canada
Statoil offshore drilling plan raises fishery worries http://thechronicleherald.ca/business/1322647-taylor-statoil-offshore-drilling-plan-raises-fishery-worries
Statoil successful bid for new licences offshore East Coast Canada http://www.pennenergy.com/articles/pennenergy/2015/11/statoil-successful-bid-for-new-licences-offshore-east-coast-canada.html?cmpid=EnlDailyPetroNovember162015&eid=290973032&bid=1234592
Statoil ASA: Notifiable trading http://globenewswire.com/news-release/2015/11/16/787287/10156356/en/Statoil-ASA-Notifiable-trading.html
Norway: Norwegian production figures up in October 2015 http://www.energy-pedia.com/news/norway/new-165652?editionid=101764
"Start-up of the Edvard Grieg field is planned towards the end of 2015, whereas the planned start-up of Ivar Aasen is scheduled for next year. Ivar Aasen will use both pipeline systems," NPD wrote on its website. http://www.naturalgaseurope.com/norwegian-petroleum-directorate-green-light-oil-gas-pipeline-26200 The gas transport system includes a 94-kilometre long, 16-inch pipeline from the Edvard Grieg platform to an underwater connection point (T-connection) on the Beryl pipeline. That pipeline is connected to the Scottish Area Gas Evacuation (SAGE) pipeline in the UK sector. "The licensees for the two transport systems are the same as for Edvard Grieg and Ivar Aasen," the NPD wrote. "Statoil has been the operator of both transport systems since Plan for Installation and Operation (PIO) was approved in 2014. Gassco will take over as operator of the Utsira High gas pipeline when it comes on stream."
STATOIL INCREASES ENVIRONMENTAL COMMITMENT ON NORWEGIAN CONTINENTAL SHELF BY 50% http://www.naturalgaseurope.com/statoil-increases-environmental-commitment-on-ncs-by-50-26323 Norway’s Statoil says it is increasing its environmental commitment on the Norwegian continental shelf (NCS) for 2020 by 50%.