On Monday minister of petroleum and energy Tord Lien together with Statoil (ticker: STO), Centrica (ticker: CNA) and ExxonMobil (ticker: XOM) celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979. The minister got the honor of filling the barrel, which was decorated in golden color for the occasion. “The spin-offs created by Statfjord
Statoil renews long-term contracts worth $1.23 billion Norwegian Statoil (ticker: STO) announced today that the company has renewed long-term contracts with an estimated value of NOK11 billion ($1.23 billion). The contracts are with Beerenberg Corp As and Prezioso Linjebygg AS, and cover insulation, scaffolding and surface treatment services, according to a press release from Statoil. The two companies will service
Statoil continues to delineate resources near King Lear discovery offshore in Norway Norway’s Statoil (ticker: STO) announced its 2/4-23S well (Julius) discovered gas and condensate in the Ula formation, offshore Norway in the North Sea, southeast of Stavanger. STO estimates that there is 15 to75 million barrels of oil equivalent (MMBOE) in the Julius discovery. Statoil also drilled the Julius
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