World’s first subsea wet gas compressor one step closer to Gullfaks Oct 30, 2014
The world’s first subsea wet gas compressor station is now ready for the final testing at Horsøy outside Bergen before being prepared for installation and hook-up to Gullfaks C in 2015. By adding 22 million extra barrels of oil equivalent from the Gullfaks South Brent reservoir the compressor will help extend the field’s productive life.

Cargo no. 500 leaves Snøhvit Oct 29, 2014
The special vessel Arctic Voyager is the 500th to visit Melkøya and Hammerfest to carry product from the Snøhvit plant. The vessel will freight a cargo of LNG from Melkøya, Norway to Aliaga, Turkey. With this cargo, the Snøhvit plant has produced and delivered LNG worth NOK 82 billion since start-up in 2007. In addition, considerable value has been added through the export of LPG and condensate from the field.

Statoil appoints new Investor Relations Senior Vice President Oct 27, 2014
Statoil has appointed Peter Hutton as senior vice president CFO investor relations and he will report to chief financial officer Torgrim Reitan.

Statoil takes on offshore operatorship in Australia Oct 27, 2014
Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon

New oil resources proved in the Grane area Oct 22, 2014
Operator Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea. Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 metres in the Heimdal Formation. The estimated volume of the discovery is in the range of 30-80 million barrels of recoverable oil.

Wood Group Mustang selected to provide engineering services for Statoil Snorre C platform Oct 15, 2014
Wood Group Mustang has been awarded the pre-front-end engineering design (pre-FEED) contract by Statoil for the proposed Snorre C tension leg

Statoil makes seventh discovery offshore Tanzania Oct 14, 2014
Statoil and co-venturer Exxon Mobil announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.

DeepOcean awarded seabed survey services contract by Statoil Oct 6, 2014
DeepOcean AS, subsidiary of DeepOcean Group Holding BV, has been awarded a contract for Seabed Survey Services for 2015 by Statoil.

Seismic cooperation in the Barents Sea gives new perspectives Oct 3, 2014
Statoil and its partners have completed their joint seismic acquisition project in the south-eastern Barents Sea. New forms of cooperation have

Statoil and Shell awarded new acreage in Algeria Oct 1, 2014
Statoil and Shell were awarded the Timissit Permit Licence in the Illizi-Ghadames Basin onshore Algeria. The licence is located in southeastern Algeria and covers an area of 2730 square

Statoil makes gas discovery in Pingvin Sep 29, 2014
Operator Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery is a play opener in a frontier unexplored area of the Barents Sea northwest of Johan Castberg. Operator Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery is a play opener in a frontier unexplored area of the Barents Sea northwest of Johan Castberg.

Statoil steps up advocacy on carbon pricing and methane reduction efforts Sep 24, 2014
Statoil CEO Helge Lund addresses Statoil’s climate commitments at the at the UN Secretary General’s Climate Summit in New York.

New compressor = 220 million extra barrels Sep 23, 2014
The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent and extend the field’s lifetime with eight years. The new compressor contributes to an increase in the recovery rate at the Kvitebjørn field from 55% to 70%. “These are very profitable barrels, which make a considerable contribution to wealth creation on the Norwegian continental shelf.

Statoil temporarily suspends COSL Pioneer drilling rig Sep 18, 2014
Due to overcapacity in rig portfolio, Statoil will lay up the COSL Pioneer rig in the fourth quarter of 2014. The rig is currently carrying out an assignment on the Visund field and is scheduled to complete this work at the end of September.“After a careful review of our drilling plan, we find it necessary to suspend COSL Pioneer for the time being,” says rig procurement responsible Tore Aarreberg.

Statoil to sell Norway assets to Wintershall Sep 15, 2014
Statoil ASA farms down in Aasta Hansteen, Asterix and Polarled and exits two assets on the NCS for a consideration of USD 1.3 billion, including contingent payment. Through this transaction Statoil monetises on the Aasta Hansteen field development project, while retaining the operatorship and a 51 % equity share. In addition Statoil exits the non-core Vega and Gjøa fields.