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Name of Statoil employee released

May 5, 2016

At 06:11 today, the Norwegian police confirmed that Ole Magnar Kvamme was killed in the accident at Turøy Friday 29 April. He was a passenger on the helicopter en route from Gullfaks B to Bergen which crashed outside Turøy in Fjell municipality. Ole Magnar Kvamme (born 1955) was educated as an electrical engineer. He had… Continue Reading »

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Lundin Petroleum acquires an additional 15 percent interest in the Edvard Grieg field

May 5, 2016

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that Lundin Petroleum and its wholly-owned subsidiary Lundin Norway AS (Lundin Norway) have entered into agreements with Statoil ASA (Statoil) and its wholly-owned subsidiary Statoil Petroleum AS (Statoil Norway) under which Lundin Norway will acquire Statoil Norway’s entire 15 percent interest in the Edvard Grieg field… Continue Reading »

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Statoil reports adjusted earnings of USD 857 million in the first quarter of 2016.

April 27, 2016

“Our financial results were affected by low oil and gas prices in the quarter. We delivered strong operational performance across all business areas, high production efficiency and results in line with expectations from liquids trading and refining. The guidance for 2016 is maintained,” says Eldar Sætre, President and CEO of Statoil ASA. “The industry is… Continue Reading »

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VIDEO: Statoil Unveils New Subsea Concept

April 21, 2016

Norway’s Statoil has presented a new subsea concept at the Barents Sea Conference in Hammerfest, designed to reduce cost and increase efficiency. The new concept, called Cap-X, is estimated to cut costs by as much as 30% compared with conventional technology. According to Statoil’s video, which further explains the concept, this could be the standard… Continue Reading »

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Norway’s Oil Firms, Unions Seek Opening of Arctic Islands to Exploration

April 21, 2016

Oil firms and trade unions in Norway made a joint call on Monday for the opening of a pristine Arctic archipelago to oil exploration as soon as possible to counter an expected decline in offshore production. Oil exploration off the Lofoten islands has been suspended for the life of the current minority government since it… Continue Reading »

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Partrac Secures Dudgeon Metocean Contract

April 20, 2016

Partrac has been selected by Statoil to provide real-time wave and current measurement services for the Dudgeon offshore wind farm. Partrac has been contracted to manage the deployment and maintenance of the equipment and the delivery of real-time waves and current data over the duration of the construction phase of the development. The company chose a… Continue Reading »

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Statoil And Partners Strike Oil Off Brazil

April 19, 2016

Energy company Statoil and partners Repsol Sinopec Brasil and Petrobras have struck oil off the coast of Brazil, in a deepwater offshore area called the Campos Basin, the Norwegian firm said on Monday. The appraisal well encountered a 175-meters hydrocarbon column and produced around 16 million standard cubic feet of gas and 4,000 barrels per… Continue Reading »

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First Dudgeon OWF Monopile Installed

April 7, 2016

Statoil has started marine installations on the Dudgeon offshore wind park with the first monopile foundation installed offshore Norfolk, England.  The first monopile foundation was installed and fixed to the seabed by the crane vessel Oleg Strashnov on the Dudgeon bank, 32 kilometers from the coastal town of Cromer. In total, 67 turbines will be installed… Continue Reading »

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DNV GL Bags Johan Sverdrup Verification Contract

April 6, 2016

DNV GL has been awarded a contract by Statoil for the verification of Johan Sverdrup project on the Norwegian Continental Shelf. The contract includes verification of all 4 topsides, 3 bridges, 3 of 4 jackets, topside installation by use of the Allseas single lift vessel ‘Pioneering Spirit’ and extended site assessment for the jack-up. Regional Manager… Continue Reading »

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