Statoil has decided to cancel a contract for use of the semisubmersible drilling rig Songa Trym, four months before the expiration of contract on 4 March 2016. Statoil has previously notified owner Songa Offshore that the rig would be suspended for a period…
Statoil senior vice president Tove Stuhr Sjøblom has taken over as managing director of Statoil Production UK. As the new head of the company’s Aberdeen office, Sjøblom is responsible for Statoil’s upstream development and production activities in the UK and Ireland…
Norwegian giant Statoil inked a US$15 million deal that will increase its presence on the Norwegian Continental Shelf and UK Continental shelf with the acquisition of stake in the Afla Sentral field. Map of Alfa Sentral…
The Norwegian University of Science and Technology (NTNU) and Statoil signed an agreement on research funding for future energy solutions. Statoil CEO Eldar Sætre (left) and NTNU Rector Gunnar Bovim…
Wood Group has been chosen by Statoil to provide four-year operations and maintenance at the Peregrino field offshore Brazil. The contract covers two wellhead platforms (Alpha and Bravo) and modification services for both units and the Peregrino FPSO…
GE Oil & Gas signed a framework agreement with Statoil to provide subsea operations services for the Statoil’s operated fields Tordis, Vigdis, Snorre and Troll, located northwest of Stavanger. The agreement will be effective on 1 October 2015…
GE Oil & Gas has signed a framework agreement with Norway's Statoil to provide subsea operations services for the company's operated fields Tordis, Vigdis, Snorre and Troll, located north west off the coast of Stavanger. GE Oil & Gas will run the services from their Dusavik site…
Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio. The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016…
Statoil will make adjustments to the company’s structure and operating model to become a more “cost- efficient and fit-for-the-future” organization, it reports. The changes are part of the ongoing Statoil Technical Efficiency Program (STEP) and Organizational Efficiency (OE) programs…
Statoil will make its first moves into Nicaraguan waters after the country awarded the Norwegian explorer four licenses off its Pacific coastline. The 29 May announcement came after meetings last September where delegates from Statoil and the state oil company…
Statoil awarded 4Subsea a contract for further development of the cloud solution WellSpot. 4Subsea and Statoil have developed WellSpot since 2011, in order to make data collection and analyses related to wellheads more efficient…
Statoil is expanding its presence offshore Indonesia with a new awarded exploration license in which the company will operate and own 100%. The new license, the Aru Trough I, covers an area of about 8300sq km and is located near Statoil’s…
Statoil's newly appointed CEO and president Eldar Sætre says Statoil is 'well prepared' to tackle the large uncertainty facing the oil and gas industry, amid five-year low oil prices. Sætre (pictured), who has been acting CEO and president of Statoil since October…
Statoil shows the process of getting its US$2.9 billion Valemon field on stream. The high-pressure, high-temperature, gas and condensate development, located in the Norwegian sector of the North Sea, started production on 3 January…
Norwegian giant Statoil announced it is extending the suspension periods for three of its semisubmersible rigs due to overcapacity. The COSL Pioneer. From Ole Jørgen Bratland, Statoil. The COSL Pioneer…
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