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Home»Tag: Statoil

Tag Archives : Statoil

Statoil completes sale of Marcellus acreage
Business

Statoil completes sale of Marcellus acreage

Saheli 18 Sep 2016 301 Views

– Norwegian energy company Statoil said it retained some of its shale acreage in the United States, but completed a sale Friday of assets in West Virginia. Statoil said it closed Friday on the $96 million sale of 11,500 acres in the Marcellus shale natural gas basin in West Virginia ... Read More »

Statoil pays $2.5 billion to move deeper into Brazil
Business

Statoil pays $2.5 billion to move deeper into Brazil

Saheli 01 Aug 2016 287 Views

After a dismal earnings report, Norwegian energy company Statoil said it secured a stake in an oil basin off the coast of Brazil from the nation’s oil company. “Through this acquisition, we are accessing a world class asset, and we strengthen our position in Brazil, one of Statoil’s core areas ... Read More »

Norway’s Statoil sheds Marcellus shale acreage
Business

Norway’s Statoil sheds Marcellus shale acreage

Saheli 01 Aug 2016 274 Views

For $96 million, and following a weak earnings report, Norwegian energy company Statoil said it was getting rid of some of its gas assets in the United States. The Norwegian company holds about 350,000 net acres of the Marcellus shale natural gas basin, but decided to sell off about 11,500 ... Read More »

Statoil looking to new technology to save costs
Business

Statoil looking to new technology to save costs

Saheli 19 Apr 2016 281 Views

With the industry facing tightened purse strings, Norwegian energy company Statoil said it was examining plug-and-play concepts of field development. The company unveiled the so-called Cap-X subsea development concept at a Barents Sea energy conference in Hammerfest, Norway. Jez Averty, a vice president in charge of exploration strategies for Statoil, ... Read More »

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