C-Kore Systems awarded contract for Statoil for Subsea Monitoring Tools

June 17, 2016

C-Kore Systems Ltd has been awarded a contract to supply Statoil with Subsea Electrical Monitoring Tools. Statoil will be using the tools to monitor the insulation resistance and continuity of a new control umbilical during its installation at a field outside Bergen in the northern part of the North Sea. Tim Overfield, managing director of… Continue Reading »


Statoil secures additional equity in UK licence for Utgard field

June 6, 2016

On 1 June 2016, Statoil agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. On conclusion of this transaction Statoil will increase its holding in UK licence P312 to 100%, having previously acquired stakes from First Oil in October 2015 and Talisman Sinopec in December… Continue Reading »


Saudi Aramco Says Discovers New Fields, to Continue Energy Investments

May 30, 2016

Saudi Arabia’s state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand, its new energy minister said. Khalid al-Falih, who was appointed energy, industry and mineral resources minister on May 7 and is also Aramco’s chairman, said… Continue Reading »


Statoil drills minor oil discovery and dry appraisal well southwest of the Oseberg Sør field in the North Sea

May 30, 2016

Statoil Petroleum AS, operator of production licence 035, is in the process of concluding the drilling of wildcat well 30/11-12 S and appraisal well 30/11-12 A. The wells were drilled two kilometres south of the 30/11-9 A (Askja Øst) discovery, and about 35 km southwest of the Oseberg Sør facility in the North Sea. The… Continue Reading »


Focused on workflow efficiency, Statoil adopts IHS Kingdom as its primary geoscience interpretation platform for US onshore assets, IHS says

May 30, 2016

Following a performance-based assessment, Statoil, one of the world’s leading energy producers, has selected the IHS Kingdom® geologic and geophysical interpretation software suite as its primary geoscience workflow platform for the company’s U.S. onshore operations, according to IHS (NYSE: IHS), the global source of critical information and insight. IHS Kingdom is the industry leading Microsoft… Continue Reading »


Statoil: Announcement of dividend per share for fourth quarter 2015 in NOK

May 26, 2016

Statoil (OSE:STL, NYSE: STO) announced 4 February 2016 dividend per share of USD 0.2201 for fourth quarter 2015. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 13 May 2016, in total seven business days. Average Norges Bank fixing… Continue Reading »


Statoil Cancels rig contract

May 25, 2016

Statoil has, on behalf of the Aasta Hansteen licence, decided to cancel the contract with Seadrill for the West Hercules drilling rig. On contract with Statoil since 31 January 2013, the rig has carried out an exploration campaign offshore Newfoundland in Canada for the past 18 months. According to the original plan the Aasta Hansteen… Continue Reading »


Statoil farms into Turkey onshore acreage

May 19, 2016

Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licences, while the operator Valeura Energy Inc., a Canadian exploration company listed on the Toronto Stock Exchange will keep the remaining 50%. The shallow… Continue Reading »


Statoil Scraps Plans to Reduce Helicopter Turn-around Times Along with Other Proposed Cuts

May 10, 2016

Top executives at Norwegian oil company Statoil have responded to workers’ concerns and even fears over their helicopter transport to North Sea oil and gas fields. After Friday’s fatal crash of a helicopter near Bergen, Statoil has decided to delay implementation of proposed cutbacks in its helicopter program that were aimed at making it more… Continue Reading »

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