Statoil has agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Masdar. Hywind illustration, from Statoil. The wind farm offshore Peterhead in Aberdeenshire…
Norwegian oil firm Statoil has set out its plans to drill around 30 exploration wells, in up to 11 countries on five continents, as operator and partner, in 2017 - an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS)…
Statoil and Petrobras have completed a deal seeing Statoil acquire Petrobras’ 66% operated interest in the BM-S-8 offshore license in Brazil’s Santos basin for US$2.5 billion. BM-S-8, which Statoil estimates holds 700 MMboe to 1.3 billion boe recoverable…
Statoil is cutting its contract short for Stena Drilling's Stena Don semisubmersible drilling rig, leading to about 180 job cuts. The Stena Don, from Stena Drilling. The rig has been on contract with Statoil since 7 February 2014…
Statoil’s investigation following the Turøy helicopter accident on 29 April has been finalized, offering conclusions and recommendations for how the company can further improve its helicopter safety work. Image of a helicopter landing at Snorre A…
Statoil announced the opening of its new operations center for the UK Continental Shelf (UKCS) that will see its workforce grow by 40; in addition its plans to drill three wells in the area. Scotland’s…
Statoil has appointed Hedda Felin as its new managing director of Statoil Production UK, less than one year after appointing Felin’s predecessor, who has left the company. Formerly a senior vice president for Statoil, Felin is the new head of the company’s Aberdeen office…
Statoil and Statkraft signed a letter of intent (LOI) for Statoil to take over as operator of the Sheringham Shoal Offshore Wind Farm from January 2017. Sheringham Shoal, from Statoil. The…
Statoil and Tullow Norge have entered an agreement for Statoil to increase its equity in four licenses on the Norwegian continental shelf (NCS), which includes the Wisting discovery in the Barents Sea. The deal includes Tullow transferring…
Norwegian giant Statoil and Brazilian giant Petrobras entered into a two-year memorandum of understanding (MoU) to strengthen cooperation between the two offshore Brazil. Statoil CEO, Eldar Sætre (left)…
Statoil is suspending the use of another vessels this week, this time with Dolphin Drilling’s Bideford Dolphin mobile drilling facility. Dolphin Drilling, a subsidiary of Fred. Olsen Energy, received notice of suspension from Statoil for the rig…
Norway’s Ministry of Petroleum and Energy has given Statoil the green light to move forward with the development of its unmanned Oseberg Vestflanken 2 project that is expected to tap some 110 MMboe in the North Sea. Illustration…
Statoil made two oil discoveries in the Bay du Nord area during its 19-month exploration drilling program offshore Newfoundland, which the company is estimating the finds to possibly be in the lower end of the anticipated volume range. Map…
Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore and onshore facilities. Work and services covered by the MSA include engineering studies, detailed engineering…
Statoil is joining a list of investigation teams surrounding the tragic Super Puma helicopter crash that killed 13 people last month by launching its own in-house analysis focused on safety. Image from CHC…