It is divesting its interest in the Sunrise oil sands project while buying a 35% interest in the Bay du Nord oil project from Cenovus Energy

Statoil has made a third discovery of crude oil in the Flemish Pass Basin, offshore Newfoundland – a Canadian island. The Norwegian firm said it is assessing the discovery on the Bay du Nord field – located around 500 kilometres northeast of St. John’s on Canada’s East Coast – and “developing a greater understanding” of […]