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 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 [...]  Moscow: The Barents 2020 cooperation project on safeguarding petroleum activities in the Barents Sea was concluded today at a conference in Moscow. More than 100 Russian and Norwegian experts have worked together for close to three years on identifying common rules and standards for health, safety and the environment in the Barents Sea. Today they [...] British gas prices turned down early on Wednesday, putting an end to a strong rally early this week, as supply rose, including input from Norway, to more than offset strong heating demand. To read the rest of the article, click here. Source: Reuters  Statoil is the first company in Norway to offer 5 per cent bioethanol to general consumers. From January 2010 onwards 40 per cent of Statoil’s stations will be selling the new biofuel “Bensin 95”. The new biofuel will reduce carbon emissions by about 11,000 tonnes annually. All petrol driven vehicles can use Bensin 95 containing [...]  Statoil is the first operator in the US Gulf of Mexico to adopt the Riserless Mud Recovery (RMR) system that reduces discharges to sea. The environmentally friendly drilling solution has been used on the Discoverer Americas drill ship on the Statoil-operated Krakatoa prospect. “The system allows us to circulate the mud, reducing the total mud [...] Lukoil and Statoil initialized the contract with Iraqi authorities for the West Qurna 2 field. Lukoil and Statoil have agreed to adjust the ownership split, increasing Statoil’s share from 15 % to 25 %. Lukoil’s share is reduced to 75%. Lukoil and Statoil secured the winning bid on the West Qurna 2 field during the [...] |
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