Post Tagged with: "Statoil"

Photographer: Espen Ronnevik / Woldcam

Norwegian Barents Sea Cools as Oil Companies Look Elsewhere

11 companies applied for licenses

Norway announced the applicants for its 24th licensing sale, showing a significant decrease in interest in the country.

The round offers blocks in the Barents Sea, which is considered the most important area in …

$2.8 Billion: Statoil Acquires 25% Stake in Roncador, Brazil

$2.8 Billion: Statoil Acquires 25% Stake in Roncador, Brazil

Statoil ASA (ticker: STO) and Petroleo Brasileiro S.A. – Petrobras (ticker: PBR) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.

The transaction nearly triples Statoil’s production in …

North Dakota Oil Production – Same Players, Different Pecking Order

North Dakota Oil Production – Same Players, Different Pecking Order

Continental, Whiting, others shift positions from 2 years ago

The North Dakota Industrial Commission released its September 2017 oil production data this week, reporting per-well production across the state.

The largest oil producers in the Bakken/Three Forks plays in North …

Statoil, Shell and Total will Move Forward Carbon Storage on the Norwegian Continental Shelf

Statoil, Shell and Total will Move Forward Carbon Storage on the Norwegian Continental Shelf

Norske Shell (ticker: RDSA), Statoil (ticker: ASA), and Total E&P Norge (ticker: TOT) have signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf.

The CO2 project has a capacity of approximately 1.5 …

October 2, 2017 - 6:07 pm Closing Bell Story‎, Oil and Gas 360 Articles

Athabasca Oil Corporation Acquires Thermal Oil Assets from Statoil ASA

– Acquisition of ~24,000 bbl/d of Stable Production with ~US$44/bbl WTI Break Evens

– Establishes Athabasca as a ~40,000 boe/d (90% liquids) Intermediate Producer in 2017

– Upgrades Asset Portfolio and Business Resiliency to Lower Oil Prices

– Strong Base …

Statoil Celebrates 5 Billion Barrels from Statfjord

Statoil Celebrates 5 Billion Barrels from Statfjord

On Monday minister of petroleum and energy Tord Lien together with Statoil (ticker: STO), Centrica (ticker: CNA) and ExxonMobil (ticker: XOM) celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979.

The minister got

Statoil Says its U.S. Onshore Activity is in a Holding Pattern

Statoil Says its U.S. Onshore Activity is in a Holding Pattern

Norway’s Statoil (ticker: STO) reported its second quarter results today, and executives said on the conference call that the company has no new drilling plans for its Bakken, Eagle Ford or Marcellus properties, citing volatile oil prices and weak NGL …

Offshore Alaska: DOI Adds More Drilling Regulations

Offshore Alaska: DOI Adds More Drilling Regulations

President Obama ‘turning his back on the livelihoods of Alaskans who depend on resource development’

Today, the United States Department of the Interior and the Bureau of Ocean Energy Management released 348 pages of new Requirements for Exploratory Drilling on

EQT Snaps Up $407 Million of Statoil’s Marcellus Core Acreage

EQT Snaps Up $407 Million of Statoil’s Marcellus Core Acreage

Acquisition adds 500 undeveloped locations expected to have average laterals of 5,600 feet; Opens deep Utica opportunity; Resource Potential of the new acreage is estimated at 9.2 Tcf of Natural Gas

EQT Corporation (ticker: EQT) announced it will acquire …

Statoil Involved in World’s First Floating Wind Farm

Statoil Involved in World’s First Floating Wind Farm

Norwegian E&P Hopes to Make Wind Profitable

When oil major Statoil (ticker: STO; StatOil.com) acquired Brigham Exploration in 2011, the Norwegian company became a major operator in the Williston basin, with approximately 330,000 net acres in the play and …

Statoil Boosts Footprint in Norwegian Continental Shelf with $540 Million Share Purchase

Statoil Boosts Footprint in Norwegian Continental Shelf with $540 Million Share Purchase

Believes peak production from the Johan Sverdrup offshore field could reach 380 MBOPD

Norway-based Statoil (ticker: STO), the largest acreage holder on the Norwegian Continental Shelf (NCS), added to its portfolio by acquiring more than 37 million shares of Lundin …

Statoil Awards $3.92 Billion in Offshore Work

Statoil Awards $3.92 Billion in Offshore Work

Statoil renews long-term contracts worth $1.23 billion

Norwegian Statoil (ticker: STO) announced today that the company has renewed long-term contracts with an estimated value of NOK11 billion ($1.23 billion). The contracts are with Beerenberg Corp As and Prezioso Linjebygg AS, …

January 5, 2016 - 6:07 pm Closing Bell Story‎, Offshore, Oil and Gas 360 Articles
Repsol, Statoil Announce Asset Swap Involving Eagle Ford and Norway Positions

Repsol, Statoil Announce Asset Swap Involving Eagle Ford and Norway Positions

No oil and gas companies were in attendance for Major League Baseball’s winter meetings (baseball’s equivalent of Christmas with its free agent signings, discussions, swaps and trades), but two industry giants independently agreed to a swap of their own on …

Norway Offers New Acreage on its Continental Shelf for the First Time Since 1994

Norway Offers New Acreage on its Continental Shelf for the First Time Since 1994

2011 treaty opens up new areas of exploration offshore Norway

The Norwegian Ministry of Petroleum and Energy is expected to announce the rewards of the 23rd licensing round on the Norwegian continental shelf (NCS) late in the first half …

Drill Rig in Alaska - Oil & Gas 360

Statoil Bails on Alaska Offshore Leases, Citing Competitive Reasons

Sen. Murkowski: Obama Administration at Fault for “Project Killer” Regulations

Statoil (ticker: STO) is closing the door on its Alaska operations, the company announced in a press release on November 17, 2015. The Norway-based exploration and production company plans …

Interior Department Puts Alaska Offshore Lease Programs on Ice

Interior Department Puts Alaska Offshore Lease Programs on Ice

Arctic Offshore Leases Cancelled Through 2017; Shell, Statoil Fail to Extend Leases

The Chukchi Sea’s 29 billion barrels (U.S. Bureau of Ocean Energy Management’s estimate of BOE) will have to wait for better times.

The U.S. Department of Interior announced …

October 19, 2015 - 6:05 pm Arctic, Offshore, Oil and Gas 360 Articles, Regulatory
Rosneft HQ with Kremlin in the background Source: Rosneft

Russia is the World’s Largest Producer of Crude Oil and Lease Condensate – EIA

Russia produced roughly 10.9 MMBOPD in 2014

While the United States became the world’s largest producer of hydrocarbons in 2014, Russia remained the largest producer of crude oil and lease condensate, according to the U.S. Energy Information Administration (EIA). …

Statoil Julius Discovery Holds 15 to75 MMBOE of Recoverable Gas and Condensate

Statoil Julius Discovery Holds 15 to75 MMBOE of Recoverable Gas and Condensate

Statoil continues to delineate resources near King Lear discovery offshore in Norway

Norway’s Statoil (ticker: STO) announced its 2/4-23S well (Julius) discovered gas and condensate in the Ula formation, offshore Norway in the North Sea, southeast of Stavanger. STO estimates …