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Marathon Signs Agreement for Sale of Its Interests in PL 025, PL 048E and PL 187 on the Norwegian Continental Shelf
Marathon Oil Corporation (NYSE: MRO), through its wholly owned subsidiary Marathon Petroleum Norge AS, today announced the signing of a sales agreement with Statoil Petroleum AS for all of Marathon's interests in production licenses PL 025, PL 048E and PL 187 on the Norwegian Continental Shelf. The transaction has a value of $85 million USD and an effective date of Jan. 1, 2011. The companies expect completion of the transaction in the first quarter of 2011, subject to Norwegian governmental approval.

date.png16 Dec 2010 15:06 | comments.png 0 Comments | tags.png deals marathon norway statoil upstream [ More ]

Statoil awarded licences offshore Canada
Statoil has been awarded interests in four new licences offshore Canada. The new acreage underlines the company's ambitions in the area.

date.png02 Dec 2010 18:00 | comments.png 0 Comments | tags.png canada statoil upstream [ More ]

Aker Solutions signs world first subsea gas compression contract
Aker Solutions has been awarded the Åsgard subsea compression system contract by Statoil. The contract value is approximately NOK 3.4 billion.

date.png02 Dec 2010 17:58 | comments.png 0 Comments | tags.png aker norway services statoil [ More ]

Statoil New licenses offshore Greenland
Statoil and its consortium partners – Shell and GDF Suez – have been awarded two large exploration blocks in the Baffin Bay bid round in West Greenland. Shell will be the operator of both blocks.

date.png28 Nov 2010 22:13 | comments.png 0 Comments | tags.png gdf-suez greenland offshore shell statoil upstream [ More ]

GDF SUEZ takes over operatorship of the Norwegian gas & oil field Gjøa
On Thursday 25 November the operatorship for the Gjøa field was transferred from Statoil to GDF SUEZ E&P Norge AS. The operatorship’s transfer of such a producing asset on the Norwegian continental shelf represents a milestone for both GDF SUEZ and the Norwegian petroleum sector.

date.png26 Nov 2010 08:23 | comments.png 0 Comments | tags.png gdf-suez norway statoil upstream [ More ]

PTTEP joins Statoil as partner in Canadian oil sands
Statoil (OSE: STL, NYSE: STO) has agreed to sell a 40% interest in its oil sands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand.

date.png23 Nov 2010 07:40 | comments.png 0 Comments | tags.png canada deals oil-sands pttep statoil [ More ]

Putting on the pressure under water
Statoil and its partners on Åsgard have opted for subsea gas compression to help recover the big remaining reserves in this Norwegian Sea field. Similar projects elsewhere are in the pipeline.

date.png09 Nov 2010 15:17 | comments.png 0 Comments | tags.png europe norway statoil upstream Åsgard [ More ]

Gjøa comes on stream
The Gjøa oil and gas field developed by Statoil began production at 15.24 yesterday, 7 November, opening the way for more activity in the northernmost part of the Norwegian North Sea.

date.png08 Nov 2010 15:07 | comments.png 0 Comments | tags.png gjøa norway statoil upstream [ More ]

Statoil exercises one year option with Aker Solutions at Mongstad refinery
Statoil exercises a one year option to extend its contract with Aker Solutions at the Mongstad refinery in Norway. The estimated contract value for 2011 totals approximately NOK 100 million and the work will occupy about 120 employees from Aker Solutions in Bergen, Norway.

date.png08 Nov 2010 12:03 | comments.png 0 Comments | tags.png aker mongstad norway refinery statoil [ More ]

Statoil - New oil discovery offshore Angola
The partners in block 15/06 announce an oil discovery in the Cabaça South East-2 well in block 15/06, located offshore Angola.

date.png01 Oct 2010 11:02 | comments.png 0 Comments | tags.png angola statoil upstream [ More ]
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