Statoil


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Statoil - Trestakk approved

Norwegian authorities have approved the Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank in the Norwegian Sea. Investments are calculated at NOK 5.5 billion, almost half of the original estimate. Trestakk was discovered in 1986, and expected recoverable volum ...

OilVoice Press


Posted 2 months agoPress > StatoilTrestakkHalten Bank +2

Proceeding with Phase 2 of the Johan Sverdrup development

Proceeding with Phase 2 of the Johan Sverdrup development The Johan Sverdrup partnership has now decided to proceed with (DG2) Phase 2 of the Johan Sverdrup development, awarding FEED contracts to Aker Solutions, Kværner and Siemens. Illustration of the Johan Sverdrup field centre Phase 1 of J ...

OilVoice Press


Posted 3 months agoPress > StatoilJohan Sverdrup

Supermajors’ Cost Index: How Efficient are they in Developing their Assets? | Petroleum Africa

The ‘lower for longer' oil price environment has forced oil and gas companies to look hard at their cost structures. Despite development costs accounting for more than 50% of total costs, the industry currently acks a widely accepted measure for assessing efficiency in this area.

Muktadir Ur Rahman


Posted 3 months agoLink > Supermajors Cost IndexBPShell +20

Study: Oil, Gas Development Costs Fall, But Could Go Lower

Looking specifically at seven supermajors—BP, Royal Dutch Shell Plc (NYSE: RDS.A), Eni (NYSE: E), Chevron Corp. (NYSE: CVX), ExxonMobil Corp. (NYSE: XOM), Total (NYSE: TOT) and ConocoPhillips (NYSE: COP)—development cost per barrel of oil equivalent (boe) increased by 66% between 2011 and 2015, bu ...

Muktadir Ur Rahman


Posted 4 months agoLink > Supermajors Cost IndexBPShell +20

DW Monday: Not Content with Local Content

Brazil and Tanzania are two countries at very different stages of oil and gas development – Brazil is a well-established powerhouse, reeling from a recent corruption scandal, while Tanzania is at the early stage of development after a series of promising discoveries by majors including Shell and Sta ...

DW Monday


Posted 4 months agoOpinion > DW MondayPetrobrasShell +2

Statoil joins Shell and other foreign companies exiting Canadian projects

Norway's oil and gas powerhouse Statoil ASA has finalised its exit from the Canadian oilsands and is by no means alone in a list of high-profile internationally-based operators to agree a sale of Canadian upstream assets during the past 12 months. Statoil (Oslo:STL) is selling its interest in the ...

Mark Young


Posted 4 months agoOpinion > CanadaStatoilShell +7

PROSEP AWARDED CONTRACT FOR STATOIL’S TROLL B ZMP PROJECT

PROSEP AWARDED CONTRACT FOR STATOIL'S TROLL B ZMP PROJECT Technology helps Statoil reduce package size and recognize process efficiencies FEBRUARY 14, 2017 (HOUSTON) – ProSep, the industry-leading technology and service provider for integrated process solutions, announced today it will supply ...

Brooke Barnes


Posted 4 months agoPress > europeSubseaStatoil

Statoil - Ensuring area-wide emergency preparedness through four vessel contracts

Statoil awards Simon Møkster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The contacts have a total value, included options, of NOK 2.7 billion. The vessels will be part of Statoil's area-wide emergency response on the Norwegian ...

OilVoice Press


Posted 4 months agoPress > Statoil

Statoil - Gas discovery near North Sea Valemon field

The Valemon platform in the North Sea. (Photo: Harald Pettersen) Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent. “This is an important disco ...

OilVoice Press


Posted 4 months agoPress > StatoilNorth SeaValemon field

Statoil completes the sale of its oil sands business

The Leismer facility in Alberta, Canada. (Photo: Lawrence Sauter) Statoil and Athabasca Oil Corporation (TSX: ATH) have completed their previously announced transaction, whereby Statoil has sold its entire oil sands operations in the Canadian province of Alberta to Athabasca. The divestment ...

OilVoice Press


Posted 4 months agoPress > StatoilOil Sands

Statoil awarded 29 new production licences on the Norwegian Continental Shelf

In connection with the Award in Predefined Areas (APA) for 2016 Statoil has been awarded interests in 29 exploration licences on the Norwegian continental shelf (NCS), 16 of these as operator, and 13 as a partner. “The NCS is the core of Statoil's business, and we are pleased with the awards in t ...

OilVoice Press


Posted 5 months agoPress > StatoilNorwegian Continental Shelf

Statoil awarding service contracts for two Cat J rigs

Baker Hughes and Schlumberger will be awarded the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and the Gullfaks. Initially awarded for four years the contracts include options for two 2-year extensions. The co ...

OilVoice Press


Posted 5 months agoPress > StatoilNorwayCat J Rig +1

New Statoil discovery near Norne

One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million barrels.   “It's great kicking off the new year with a discovery,” says Jez Averty, senior vice president for exploration in Norway and the UK. The drilling o ...

OilVoice Press


Posted 5 months agoPress > StatoilDiscoveryNorne

Statoil to increase exploration drilling in 2017

Statoil plans to drill around 30 exploration wells 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). In Norway, the 5-7 well exploration campaign in the Barents Sea is at the core of the activity plan. ( ...

OilVoice Press


Posted 5 months agoPress > StatoilNorwayDrilling

Statoil completes acquisition of Byrding interest

On 30 December 2016 Statoil and Wintershall Norge (“Wintershall”) completed their previously announced transaction, whereby Statoil has acquired Wintershall's 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS). As a result, Statoil's operated interest in Byrding (PL090B) ha ...

OilVoice Press


Posted 5 months agoPress > StatoilByrdingWintershall +2