By IAN MacDOUGALL (AP) OSLO, Norway — Norwegian oil company Statoil ASA said second-quarter net profit surged to 3.6 billion kroner ($584 million) from only 77 million kroner a year earlier, as increased production and rising oil prices offset a weak natural gas market. For Full Story & Source: AP
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OSLO, July 15 (Reuters) – In an effort to limit emissions of carbon dioxide, Norway’s biggest oil and gas producer Statoil (STL.OL: Quote) has powered up its first floating offshore platform with electricity from land. For Full Story & Source: Reuters Africa July 14 (Bloomberg) — Gassco AS, Norway’s natural-gas pipeline operator, will suspend exports from its Kollsnes gas- processing plant in September as it closes for maintenance, according to six people with knowledge of the work schedule. Kollsnes is scheduled to shut for two weeks from Sept. 12, two of the people said, [...]  Private households spent an average of NOK 395,000 per year on expenditure in the period 2007-2009; a real increase of 7.8 per cent compared with the period 2004-2006. Due to small yearly samples, it is only possible to publish results from the survey for groups of households when samples for three years are combined. Housing, [...] The Norwegian Ministry of Petroleum and Energy has granted 1.8 million NOK (212.500 Euro), to the The United Nations Industrial Development Organization (UNIDO) in support of their effort to develop a roadmap for the deployment of carbon dioxide capture and storage (CCS) within industrial processes. The roadmap will target industrial sectors in developing countries and [...]  Statoil’s strategy update, fourth quarter 2009 and preliminary results for 2009. Statoil today presents its fourth quarter results and its Strategy Update. Statoil’s fourth quarter 2009 net operating income was NOK 33.5 billion, compared to NOK 37.8 billion in the fourth quarter of 2008. In 2009, net operating income was NOK 121.6 billion compared to [...] Norway’s oil and energy minister Tuesday signed an agreement with nine other European countries relating to development of the North Sea. Read the whole story at the Wall Street Journal.  ConocoPhillips and Statoil USA E&P announced on Jan. 25 that they have entered into a deal for Statoil to acquire a 25 percent working interest in 50 ConocoPhillips leases acquired in the Chukchi Sea federal OCS lease sale in 2008. ConocoPhillips will be retaining operatorship and a majority working interest in these leases. “Statoil’s decision [...]  Statoil has today been awarded shares in eight exploration licences on the Norwegian continental shelf. The company is operator on six of the licenses. The Norwegian authorities’ awards in predefined areas in 2009 (TFO2009) constitute the seventh round since the inception of such mature area awards in 2003. “We are very pleased with this year’s [...] |
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