Statoil Exits Alaskan Arctic


Norwegian oil major Statoil says it has decided to exit its operations in Alaska as it tightens up its exploration portfolio. The decision means that Statoil will exit its 16 operated leases, and its stake in 50 leases operated by ConocoPhillips, all in the Chukchi Sea. The leases were awarded in the 2008 lease sale in Alaska and are set to expire in 2020. Statoil will … [Read more...]

Statoil to Explore Offshore South Africa


Norwegian oil major Statoil says it has completed a deal with ExxonMobil to explore for oil and gas offshore South Africa. Under the farm-in transaction, Statoil will acquire 35% interest in the ER 12/3/154 Tugela South Exploration Right, which covers an area of approximately 9,054 square kilometers off South Africa's eastern coast in water depths up to 1,800 … [Read more...]

Monster North Sea Gas Field Revival Sets Norway Up for Output Record

EEA and EU affairs minister, Vidar Helgesen (right), with senior vice president for operations west, at the Troll A platform’s gas export pipeline.  30% of Norway’s total gas export to Europe travels through this pipe to the gas processing terminal at Kollsnes. Photo: Statoil

  By Mikael Holter (Bloomberg) -- The Troll A platform rocks like a boat as North Sea waves pound its four gigantic concrete legs, but monitors inside the control room show a steady flow of natural gas continues unabated -- enough to meet the needs of 10 million homes in Europe. Norway is on track for record gas production this year after Statoil ASA put an end to … [Read more...]

Oil Spill at Statfjord Field Offshore Norway -Statoil

Photo provided by Statoil shows the Hilda Knutsen tanker at the Statfjord field. Photo: Statoil

  Norwegian oil major Statoil has reported an oil spilled observed in the North Sea close to a loading buoy at the Statfjord offshore oil field. The oil spill was first reported at 8:30 a.m. Tuesday in the vicinity of the OLS loading buoy. Statoil says that the oil spill was discovered during the loading of oil from the Statfjord A platform to the tanker Hilda … [Read more...]

Statoil Gets Final Go-Ahead for Giant Johan Sverdrup Field Offshore Norway

Johan Sverdrup rendering. Photo: Statoil

  OSLO, Aug 21 (Reuters) - Operator Statoil and its partners have been given the formal approval to develop the first phase of their giant Johan Sverdrup oil field off the coast of Norway, the country's energy ministry said on Friday. The largest field found in the North Sea in three decades could hold as much as 2.9 billion barrels of oil and has an estimated cost … [Read more...]

Steel Jacket for Statoil’s Mariner A Platform Heads for UK North Sea

Photo: Statoil

The 22,400 ton steel jacket for the Statoil-operated Mariner A platform on the UK Continental Shelf (UKCS) left the Spanish Dragados yard on Monday and is now on its way to the North Sea. At 134 meters high and with a footprint of 88 x 62 meters, the structure is the largest steel jacket ever built for a Statoil project. Statoil says the load-out from the Dragados yard in … [Read more...]

Statoil Suspends Another Rig Contract

Scarabeo 5. Photo: Statoil

Norwegian oil major Statoil has decided to suspend its contract for the semi-submersible drilling Scarabeo 5 due to overcapacity in its rig portfolio.  The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016. “We regret the need to suspend Scarabeo 5, but we will … [Read more...]