Tag: Statoil

Statoil installing intelligent battery system named ‘Batwind’ for world’s first floating wind farm

Statoil installing intelligent battery system named ‘Batwind’ for world’s first floating wind farm

Batwind battery will make decisions based upon real-time data to determine when to hold electricity, when to send to grid Hywind Scotland, the world’s first floating wind farm, will install a 1MW battery system called “Batwind” that it hopes will maximize the value of the project’s electricity, according to a press release from project owner Statoil. “As part […]

By December 6, 2017 0 Comments Read More →
CCS technology a possible profit maker for oil majors

CCS technology a possible profit maker for oil majors

Carbon capture and storage (CCS) development has been held back due to high costs Carbon capture and storage, or CCS, technology could help industries known for having large carbon footprints reduce their CO2 emissions even though demand for their products is on the rise. The International Energy Agency forecasts the demand for steel, chemicals and […]

By November 8, 2017 0 Comments Read More →
Trump leads resurgence of fossil fuel Fossils, but their cause is doomed

Trump leads resurgence of fossil fuel Fossils, but their cause is doomed

Embracing energy transition will give first movers like Saudi Arabia significant head start The election of Donald Trump has emboldened climate change opponents – fossil fuel Fossils, if you will. Unfortunately for the American President, he and his energy booster buddies – including his many fellow travellers in Alberta like Brian Jean and Jason Kenney – are […]

Exxon Mobil to extend Norway’s Sigyn field lifetime until end-2022

Exxon Mobil to extend Norway’s Sigyn field lifetime until end-2022

Exxon holds 40 per cent stake in Sigyn field OSLO, Feb 24 (Reuters) – Norway’s Petroleum Safety Authority has granted consent to operator Exxon Mobil to extend the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog said on Friday. The gas and condensate field around 12 kilometres south-east of the Statoil-operated Sleipner […]

By February 25, 2017 0 Comments Read More →
Statoil says Sture oil terminal accident nearly killed staff

Statoil says Sture oil terminal accident nearly killed staff

Five people, including two high school placement students injured in Sture oil terminal accident OSLO, Dec 21 (Reuters) – An accident in October at Statoil‘s Sture oil terminal on the west coast of Norway, was highly serious and almost resulted in fatalities, the company said in a report on Wednesday. Last month Norway’s government said […]

By December 21, 2016 0 Comments Read More →
Limited long-term impact from potential OPEC supply cut: Statoil chief economist

Limited long-term impact from potential OPEC supply cut: Statoil chief economist

OPEC supply cut will have little impact on over-supply  By Alissa de Carbonnel BRUSSELS, Nov 21 (Reuters) – The boost to oil prices from any potential OPEC agreement to curb supply when it meets next week will have only a short-term impact, Statoil‘s chief economist said on Monday. Oil prices rose to their highest in […]

By November 21, 2016 0 Comments Read More →
Statoil’s Trestakk field gets go-ahead after company slashes cost

Statoil’s Trestakk field gets go-ahead after company slashes cost

Statoil investing $665 million in Trestakk field BODOE, Norway, Nov 1 (Reuters) – Statoil and partners will invest 5.5 billion Norwegian crowns ($665.51 million) in the development of the Trestakk oil and gas field off Norway, down from a January estimate of 7 billion crowns, the company said on Tuesday. The field had initially been […]

By November 1, 2016 1 Comments Read More →
Petrobras, Statoil extend partnership for old wells

Petrobras, Statoil extend partnership for old wells

Petrobras Campos Basin aging wells targeted By Tatiana Bautzer and Marta Nogueira RIO DE JANEIRO, Oct. 4 (Reuters) – Petróleo Brasileiro SA and Norway’s Statoil ASA are expanding an existing partnership to help the Brazilian state-controlled company arrest declining production at aging wells in the offshore Campos Basin, two people with direct knowledge of the […]

By October 4, 2016 0 Comments Read More →
Petrobras to gain $11B on sale of Brazil oil rights to Statoil

Petrobras to gain $11B on sale of Brazil oil rights to Statoil

Petrobras sale of stake in Carcara will pay debt or fund projects By Stine Jacobsen RIO DE JANEIRO, Aug 30 (Reuters) – Petrobras’ sale of offshore oil rights in Brazil to Norway’s Statoil ASA will free up about $11 billion that Brazil’s cash-strapped state-run oil company can use to pay debt or develop areas that […]

By August 30, 2016 0 Comments Read More →
Statoil’s exploration chief sees oil supply crunch ahead

Statoil’s exploration chief sees oil supply crunch ahead

Oil supply gap will open up by 2040: Tim Dodson By Karolin Schaps and Gwladys Fouche STAVANGER, Norway, Aug 30 (Reuters) – Energy companies are not exploring enough and heading for an oil supply crunch in the coming decades, Statoil‘s exploration chief said on Tuesday. The industry has been slashing jobs, projects and investments to cope with […]

By August 30, 2016 0 Comments Read More →