Statoil and Southwestern Energy complete transaction on non-operated Marcellus asset Feb 4, 2015
Statoil and Southwestern Energy Company have completed their previously announced transaction, whereby Statoil has reduced its average working interest in the non-operated US southern Marcellus onshore asset from 29% to 23%.The transaction covers 515,000 acres in the southern part of the Marcellus. The divested share represents approximately 30,000 acres.

GE and Statoil launch ambitious new collaboration to accelerate development of sustainable energy solutions Jan 29, 2015
GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and

New quality acreage on the Norwegian continental shelf Jan 22, 2015
In the Awards in Predefined Areas 2014, Statoil has been awarded interests in 15 licences on the NCS, 8 of those as operator.

Johan Sverdrup Jacket Contract Award Jan 20, 2015
On behalf of the Johan Sverdrup licence partners, Statoil is today awarding a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup field.

Expro secures usd$200 million contract with Statoil Jan 13, 2015
Expro has secured a significant Europe CIS (Commonwealth of Independent States) contract, providing fully integrated well testing and fluid sampling services for Statoil Petroleum AS in the Norwegian Continental Shelf (NCS). Starting on 1st January 2015, the initial 4-year contract is valued at $200 million with options to extend for a further 6 years.

Statoil to extend lifetime of Norne field to 2030 Jan 12, 2015
Initially scheduled to be shut down during 2014, the ambition is now to extend the life of the Norne field to 2030. The Norne field came on stream on 6 November 1997, and the initial development plans called for the field to be shut down during 2014. But the Norne adventure is far from over.

Statoil awards contracts for services at seven coastal bases Jan 8, 2015
Statoil has awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS.The contracts awarded include terminal and warehouse services as well as storage and pipeline handling.“These contracts, which will involve a long-term cooperation with the chosen suppliers, will result in great savings for Statoil’s logistical operations.

Statoil and partners brings Valemon gas and condensate field on stream Jan 5, 2015
The Valemon gas and condensate field in the North Sea was brought on stream by Statoil and partners. Recoverable reserves from the field are estimated at 192 million barrels of oil equivalent. “Valemon is one of several new projects on the Norwegian continental shelf that will help add value, activity and innovation,

Statoil optimises portfolio – realising USD 394 million from Marcellus asset Dec 24, 2014
Statoil has agreed to reduce its working interest in the non-operated US southern Marcellus onshore asset from 29% to 23%, following a USD 394 million

Statoil awards Mariner drilling and well services contract to Schlumberger Oilfield UK Dec 22, 2014
Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc. “This is a very significant agreement for the Mariner project, and the result of an innovative, new procurement approach, where the supplier will work as an integrated part of the Statoil team delivering most of the drilling and well services on the Mariner field,” says managing director for Statoil Production UK, Gunnar Breivik.

Development plan for Gullfaks Rimfaks valley submitted Dec 18, 2014
Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million

Tendeka secures new sandface completion agreement with Statoil Dec 11, 2014
Tendeka has secured a four-year contract extension with Statoil for the supply of sand-face completion equipment for the Troll field, as well as

Statoil adds permits to New Zealand portfolio Dec 10, 2014
Statoil has been awarded four new exploration permits offshore New Zealand, building on its existing position. This deepens and diversifies Statoil’s long-term portfolio. The permits are awarded by the New Zealand government through the 2014 Block Offer. Statoil participates in three blocks in the East Coast and Pegasus basins as a partner,

Statoil extending rig suspensions Dec 8, 2014
Due to overcapacity in the rig portfolio the suspension periods for COSL Pioneer, Scarabeo 5 and Songa Trym have been extended.The suspensions are also a result of the failed attempts to mature alternative tasks for the rigs. “When the rig contracts were signed it was challenging to ensure sufficient rig capacity. Today the activity is facing lower margins, a generally high cost level and subsequent lower profitability.

First oil from Gulf of Mexico Jack/St. Malo project Dec 4, 2014
Oil and natural gas production started from the partner-operated Jack/St. Malo project in the US Gulf of Mexico. Statoil’s expected production from the combined fields is 23,000 barrels of oil equivalent per day at peak production.The Jack/St. Malo project in the US Gulf of Mexico is the first of five major Statoil US offshore fields that will begin production over the next few years.