Statoil http://www.globalpost.com/taxonomy/term/26860/all en Two more Statoil employees safe in Algeria - CEO http://www.globalpost.com/dispatch/news/thomson-reuters/130119/two-more-statoil-employees-safe-algeria-ceo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>OSLO, Jan 19 (Reuters) - Two more employees of Norwegian energy firm Statoil have been "brought to safety" in Algeria, leaving six unaccounted for at a gas facility attacked by gunmen on Wednesday, Chief Executive Helge Lund said on Saturday.</p> <p>"We can never lose hope ... bringing home our employees is our primary goal," Lund told a news conference. It was not immediately clear how the pair reached safety.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130119/two-more-statoil-employees-safe-algeria-ceo" target="_blank">read more</a></p> Business Europe Labor Law Norsk Hydro Statoil Thomson Reuters Sat, 19 Jan 2013 09:30:04 +0000 Thomson Reuters 5736529 at http://www.globalpost.com Five Norwegian Statoil employees still missing in Algeria http://www.globalpost.com/dispatch/news/thomson-reuters/130119/five-norwegian-statoil-employees-still-missing-algeria <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>OSLO, Jan 19 (Reuters) - Norway's Statoil is still missing five workers in Algeria, all Norwegian nationals, after one more employee was brought to safety, Chief Executive Helge Lund said on Saturday.</p> <p>"We feel a deep and growing unease ... we fear that over the next few days we will receive bad news," Lund told a news conference. "People we have spoken to describe unbelievable, horrible experiences." (Reporting by Balazs Koranyi and Terje Solsvik; Editing by Jason Webb)</p> Business Europe Labor Law Norsk Hydro Statoil Thomson Reuters Sat, 19 Jan 2013 19:30:51 +0000 Thomson Reuters 5736676 at http://www.globalpost.com Statoil's 4Q 2012 net profit plunges to $2.36 bn http://www.globalpost.com/dispatch/news/afp/130207/statoils-4q-2012-net-profit-plunges-236-bn <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Norway's Statoil's net profit for the fourth quarter of 2012 plunged by nearly 50 percent year-on-year to $2.36 billion (1.75 billion euros), according to results released by the state-owned oil and gas giant on Thursday.</p> <p>Net profit for the last quarter of 2012 stood at 13 billion Norwegian kroner, compared to 25.5 billion for fourth quarter 2011.</p> <p>The company said, however, that it was still on track to its goal of producing more than 2.5 million barrels of oil equivalent per day in 2020.</p> <p>bur/yad/rl</p> Norsk Hydro Statoil AFP Thu, 07 Feb 2013 08:31:44 +0000 Agence France-Presse 5748536 at http://www.globalpost.com Statoil's 2012 net profit slides 12.5% to $12.5 bn http://www.globalpost.com/dispatch/news/afp/130207/statoils-2012-net-profit-slides-125-125-bn <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Statoil's 2012 net profit slid 12.5 percent to 68.9 billion kroner ($12.5 billion, 9.3 billion euros), the Norwegian state-owned oil and gas giant on Thursday.</p> <p>The company said the drop in net earnings came because of exceptional financial items inflating 2011 results.</p> <p>Operating profit dipped only 2.5 percent to 206.6 billion kroner, while revenue rose 9 percent to 723.4 billion kroner.</p> <p>Fourth quarter net profit fell by nearly 50 percent year-on-year to 13 billion kroner.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/statoils-2012-net-profit-slides-125-125-bn" target="_blank">read more</a></p> Helge Lund Norsk Hydro Statoil Statoil AFP Thu, 07 Feb 2013 09:17:01 +0000 Agence France-Presse 5748561 at http://www.globalpost.com S. Korea's Daewoo wins $1.1 bn Norway order http://www.globalpost.com/dispatch/news/afp/130220/s-koreas-daewoo-wins-11-bn-norway-order <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>South Korea's Daewoo Shipbuilding and Marine Engineering said Thursday it had secured a $1.1 billion order to build a fixed platform for Norway's Statoil ASA. </p> <p>Under the contract signed on Wednesday, the 17,000-ton offshore platform for production of oil or gas will be built at the firm's shipyard in the southern port of Geoje and delivered by the end of 2016, Daewoo said. </p> <p>The platform capable of producing 63,000 barrels of crude oil a day will be installed on the Dagny oil field in the North Sea, the company said. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/s-koreas-daewoo-wins-11-bn-norway-order" target="_blank">read more</a></p> Statoil USD AFP Thu, 21 Feb 2013 02:45:30 +0000 Agence France-Presse 5761686 at http://www.globalpost.com Statoil and ExxonMobil announce Tanzania gas find http://www.globalpost.com/dispatch/news/afp/130318/statoil-and-exxonmobil-announce-tanzania-gas-find <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Norwegian oil group Statoil Monday announced a large natural gas find with US partner ExxonMobil off Tanzania's coast, the third major discovery in a year by the two companies in the country.</p> <p>The Tangawizi-1 well contained between 712 million and 1.07 billion barrels of oil equivalent (boe), bringing the total reserves of the block in question to between 2.67 and 3.03 billion boe, the Oslo-based company said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130318/statoil-and-exxonmobil-announce-tanzania-gas-find" target="_blank">read more</a></p> Economy of the United States ExxonMobil Norsk Hydro Statoil Statoil Technology AFP Mon, 18 Mar 2013 12:15:32 +0000 Agence France-Presse 5786708 at http://www.globalpost.com Statoil sells Mozambique stake to Japan's Inpex http://www.globalpost.com/dispatch/news/afp/130402/statoil-sells-mozambique-stake-japans-inpex <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Norwegian oil group Statoil said Tuesday it had sold a 25 percent stake in an exploration licence off the coast of Mozambique to Japanese group Inpex.</p> <p>The financial details were not disclosed, but Statoil said it will retain a 40 percent stake in the licence, which concerns two blocks in the Rovuma basin and for which it will remain the operator.</p> <p>In addition to Statoil and Inpex, the partners in the licence are Britain's Tullow, with 25 percent, and the Mozambican state-owned company Empresa Nacional de Hidrocarbonetos, with 10 percent.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130402/statoil-sells-mozambique-stake-japans-inpex" target="_blank">read more</a></p> Inpex Norsk Hydro Statoil Statoil AFP Tue, 02 Apr 2013 11:16:27 +0000 Agence France-Presse 5799173 at http://www.globalpost.com Statoil announces large oil find in North Sea http://www.globalpost.com/dispatch/news/afp/130419/statoil-announces-large-oil-find-north-sea <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Norwegian oil group Statoil announced Friday the discovery of significant new oil resources in its Gullfaks licence in the Norwegian waters of the North Sea.</p> <p>Preliminary estimates indicate additional reserves of between 40 and 150 million recoverable barrels of oil equivalent, but the estimates are uncertain and the figure could in fact be higher, Statoil said.</p> <p>The Gullfaks licence hosts one of Norway's biggest oil fields, which has been in production since December 1986.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130419/statoil-announces-large-oil-find-north-sea" target="_blank">read more</a></p> Energy in Norway Europe Statoil Statoil AFP Fri, 19 Apr 2013 09:15:45 +0000 Agence France-Presse 5820024 at http://www.globalpost.com Production cuts, lower prices hit Norway's Statoil first-quarter profits and revenue http://www.globalpost.com/dispatch/news/the-canadian-press/130502/production-cuts-lower-prices-hit-norways-statoil-first-quart <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OSLO - Norwegian oil company Statoil ASA saw first-quarter net income plunge 60 per cent against the same period last year as production cuts, operational disruptions and reduced prices took their toll.</p> <p>Profit in January through March was 6.4 billion kroner ($1.1 billion) down from 15.4 billion kroner a year earlier, Statoil said Thursday. Revenue also fell in the quarter, by 17 per cent, to 162 billion kroner.</p> <p>The result sent the company's share price tumbling more than 3 per cent to 135.70 kroner in morning trading in Oslo.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130502/production-cuts-lower-prices-hit-norways-statoil-first-quart" target="_blank">read more</a></p> Europe Norsk Hydro Norwegian krone Statoil Statoil ASA War The Canadian Press Thu, 02 May 2013 07:45:08 +0000 The Canadian Press 5829678 at http://www.globalpost.com Statoil earnings disappoint on output and price falls http://www.globalpost.com/dispatch/news/afp/130502/statoil-earnings-disappoint-output-and-price-falls <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Norwegian oil group Statoil announced Thursday a 58-percent plunge in its first quarter net profit, attributing the decline to falling production and oil prices.</p> <p>Net profit fell to 6.4 billion kroner (841.9 million euros, $1.1 billion) from 15.1 billion a year ago. The adjusted net profit, which is closely watched since it excludes financial items such as variations in the value of inventories, registered a more moderate decline of 28.6 percent to 12 billion kroner.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130502/statoil-earnings-disappoint-output-and-price-falls" target="_blank">read more</a></p> BP Norsk Hydro Statoil AFP Thu, 02 May 2013 11:45:52 +0000 Agence France-Presse 5829781 at http://www.globalpost.com Pemex, Statoil sign cooperation agreement http://www.globalpost.com/dispatch/news/agencia-efe/130503/pemex-statoil-sign-cooperation-agreement <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agencia EFE </div> </div> </div> <!--paging_filter--><p>Mexico City, May 3 (EFE).- Mexican state-owned oil monopoly Petroleos Mexicanos said Friday it has signed a five-year cooperation agreement with Norway's Statoil covering the areas of research, technical, scientific and technological development and training.</p> <p>"This non-commercial agreement ... will promote collaboration in areas of mutual interest, without implying any provision of service," Pemex said in a statement.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.efe.com" class="button wire efe"></a></p> <p><a href="http://www.globalpost.com/terms-use#efe"><span>Copyright EFE, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/agencia-efe/130503/pemex-statoil-sign-cooperation-agreement" target="_blank">read more</a></p> Norsk Hydro Pemex Statoil Technology Agencia EFE Fri, 03 May 2013 20:00:36 +0000 Agencia EFE 5830653 at http://www.globalpost.com Norway's Statoil gives Noble Corp contract worth $655 million to drill in Mariner field http://www.globalpost.com/dispatch/news/the-canadian-press/130514/norways-statoil-gives-noble-corp-contract-worth-655-million- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OSLO - Statoil says it has given Noble Corp. the contract to drill the Mariner oil field in a deal estimated at $655 million over four years.</p> <p>The Norwegian energy company says a new type of rig will enable it to operate at depths of 70 to 150 metres (230-500 feet) and drill wells down to 10,000 metres (32,000 feet).</p> <p>The announcement was made Tuesday on behalf of Statoil's partners in the field — JX Nippon Exploration and Production (U.K.) Ltd. and Cairn Energy PLC.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130514/norways-statoil-gives-noble-corp-contract-worth-655-million-" target="_blank">read more</a></p> Energy in Europe Norsk Hydro Statoil Technology The Canadian Press Tue, 14 May 2013 14:45:20 +0000 The Canadian Press 5837513 at http://www.globalpost.com EU officials investigate companies including BP, Shell, Statoil over possible price-fixing http://www.globalpost.com/dispatch/news/the-canadian-press/130514/eu-officials-investigate-companies-including-bp-shell-statoi <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>LONDON - European anti-trust authorities have launched investigations into at least three oil companies on suspicion of price-fixing.</p> <p>Britain's BP, Royal Dutch Shell and Norway's Statoil confirmed they are subject to the inquiry announced Tuesday by the European Union's executive arm, the Commission.</p> <p>Statoil said a raid at its headquarters in Stavanger, Norway, was carried out with the assistance of Norwegian antitrust officials. Norway is not a member of the EU. BP and Shell offered no details, but said they were co-operating with authorities.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130514/eu-officials-investigate-companies-including-bp-shell-statoi" target="_blank">read more</a></p> Business Norsk Hydro Social Issues Statoil The Canadian Press Tue, 14 May 2013 18:01:17 +0000 The Canadian Press 5837681 at http://www.globalpost.com Norway gives 29 companies oil and gas licenses, mostly in Arctic region http://www.globalpost.com/dispatch/news/the-canadian-press/130612/norway-gives-29-companies-oil-and-gas-licenses-mostly-arctic <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OSLO - Norway has given companies new licenses to explore and drill for oil and gas off its coast, mainly in the Barents Sea in the Arctic region.</p> <p>The Ministry of Petroleum and Energy says 29 companies, including Shell, Total and Norway's Statoil, have been awarded 24 permits.</p> <p>Oil and Energy Minister Ola Borten Moe said Wednesday that the government was pleased with the "great interest" in recent years in the northern Norwegian waters.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130612/norway-gives-29-companies-oil-and-gas-licenses-mostly-arctic" target="_blank">read more</a></p> Europe Norsk Hydro Statoil The Canadian Press Wed, 12 Jun 2013 17:30:27 +0000 The Canadian Press 5856424 at http://www.globalpost.com Statoil assessing offshore oil discovery 500 km northeast of St. John's, N.L. http://www.globalpost.com/dispatch/news/the-canadian-press/130619/statoil-assessing-offshore-oil-discovery-500-km-northeast-st <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>ST. JOHN'S, N.L. - Statoil is evaluating a new discovery of high-quality oil off the coast of Newfoundland, about 500 kilometres northeast of St. John's, N.L., the Norwegian oil giant announced Wednesday.</p> <p>A Statoil spokesman says the latest oil discovery is very encouraging and contributes to its understanding of the area within the Flemish Pass Basin, where the company and its partner Husky Energy (TSX:HSE) have been exploring.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130619/statoil-assessing-offshore-oil-discovery-500-km-northeast-st" target="_blank">read more</a></p> Economy of Canada Norsk Hydro Statoil The Canadian Press Wed, 19 Jun 2013 12:03:23 +0000 The Canadian Press 5861146 at http://www.globalpost.com